Business Development:

Q — Telegram user prophet: What is that disruptive thing that makes you stand out?

A — Arseny M from Credits: Regarding difference from current payment solutions — we are achieving these features in a decentralized manner. It is the main difference in my opinion. Everybody is able to maintain the network and get rewards.

Q — Telegram user Absurde Zeugma.io: Turkey has a large crypto participants and entrepreneurs. Are you willing to provide any startup or blockchain company in Turkey? Is any already in the works?

A — Max Diffenbakh from Credits: We understand the importance to involve as much regions as possible in the sales of the products, Turkey is quite a perspective market, and we have achieved certain results on this field, Turkish restaurant chain “Zoom Hizar” is going to adopt Credits as a mean of prompt and secure payment. By using Credits Mobile Wallet customers are able to pay in Credits (CS) coins and collect loyalty digital tokens which are issued by means of Credits blockchain software and that are applicable for any actions whether it is a purchase of goods or services. Loyalty program on Credits is a cloud service with an extensive set of tools aimed to support customers by business.

Q — Telegram user Absurde Zeugma.io: You have popular DApp games (gambling) which is growing day by day. If we compare with EOS, what are your advantages?

A — Max Diffenbakh from Credits: The ability to process a bunch of transactions per second brings a big advantage for us in case of DApp development. There are not so many blockchain platforms which are capable of processing at least 3000 transactions per second. However, our platform has come up with its unique solutions by introducing its own CREDITS consensus mechanism, that not only increases transaction processing speed but also transaction processing time. Also, the single technological decentralized platform is capable of safe and quick executions of all transactions using the principles of a distributed ledger and UDP protocol. Thus, the CREDITS blockchain platform with a throughput of more than 50k transactions per second has the best solutions to develop any type of DApp regardless of industry.

Q — Telegram user Karan: What were the major difficulties that you faced while starting this project, and what was your motivation to continue?

A — Arseny M from Credits: Building a blockchain platform from scratch is a complicated process itself. The main motivation to continue development and improvement for our team is understanding that blockchain technology can bring lot of benefits to people and companies around the world. Being a mediator between technology and business and helping companies to adopt blockchain technology in their business processes is our mission.

Q — Telegram user Satish 💲: Before starting any big project, research is conducted into the main problems in the society, other top projects in the market that are already trying to solve this problem, adoption, etc. How does Credits tackle all these problems?

A — Max Diffenbakh from Credits: There is a bunch of problems in the society actually and not all of them can be solved by the blockchain. People have to get it and don’t try to apply this technology as the solution. The main problem that the blockchain solves are mistrust and non-transparency. This issue has an appearance in many sectors of business.

Right approaches can bring a lot of good things for the world by means of the blockchain. The scenarios can be different. I bet that the blockchain will disrupt the industries of social identity and world trade. In both cases the blockchain is required. Blockchain-based platforms for self-identification will provide stateless citizens with tools for obtaining and maintaining legal documentation. The new identification platform will be more secure and reliable, as it will be stored in a distributed register, and not in the possession of a central authority. Blockchain-based identity platforms will also provide autonomy, which ultimately means individual privacy.

Some use cases for the types of data stored on a blockchain-based identity platform include (but are not limited to):

– Government records

– Reputation & trust scores

– Certificates & attestations

– Healthcare & medical records

– Tax identification records

– Employment records

Identity theft is the first and most important issue of data management as the biggest risks and harms arise if the data is misappropriated and used by unscrupulous users. The consequences of identity theft can be disastrous and range from blackmail and fraud to terrorist acts.

The problem of fake users is not a new one, but one that is becoming a significant challenge not only for businesses and social media, but for governments as well. With fake and blank accounts being registered to corporate phone numbers, mass email accounts or even without any user identification measures, the problem of inflated and artificial traffic is making statistical analysis of real audiences for marketers and advertisers an increasingly difficult task. Governments are being faced with the challenge of combating extremist activities generated through fake accounts and law enforcement agencies are challenged with identifying perpetrators hiding behind such users.

Lack of control is the ultimate resulting problem that hinders not only effective business development, but also ensuring state security. With no control over user activity, it is becoming increasingly difficult to counter illegal activities.

With the world becoming ever more data-oriented and with the volume of that data increasing in geometric progression, the need for automated systems for analyzing that data is becoming ever more evident. Social identity systems on the Credits blockchain is an effective and efficient system that combines the benefits of speed and scaling. Many challenges facing modern businesses can be overcome by resorting to automated systems capable of offering both user and object recognition at lowered costs and with higher levels of convenience. And Credits is one the best solutions here.

Q — Telegram user Austin Mark: What is the accelerator programme and in future what can we develop on Credits blockchain platform ?

A — Arseny M from Credits: Credits Accelerator program is a global campaign to support and encourage individuals/teams around the world to start developing tools, DApps and services for the Credits platform. In the ever-expanding universe of blockchain technology, nurturing decentralized application development and the services they can provide is what really matters. We haven’t announced this programme officially at the moment, but we are going to do it in near future.

Q — Telegram user Dave💲: How can developers contribute to your project and have you made plans to get them involved?

A — Arseny M from Credits: The entire platform source code is available on GitHub. Developers are able to check it and participate in development process by submitting “Pull Request” and creating “Issues”.

Transparency and fairness are the main points for crypto projects in our opinion.

Q — Telegram user Blockchain: With the mission of promoting and applying Blockchain technology, are Blockchain start-ups one of the objects that CREDITS aims for?

A — Max Diffenbakh from Credits: Currently, we have divided the whole market into several audiences that we are focused on like the audiences of the companies of small and medium sizes, audience of Indi-developers which we are going to appreciate by the fund support, the audience of the corporations that we are hardly working with now

Q — Telegram user Tiger: How will Credits allow DApps to scale to millions of users? Will each DApp have its own blockchain?

A — Max Diffenbakh from Credits: When it comes to blockchain, most of those who have ever heard of it can be divided into three major groups of participants in the industry.

The first level of blockchain awareness is considered to be the Basic level. This is the case, when the informant has heard about blockchain technology, but is unable to adequately describe the concept or its applications.

The next step is called the Medium level of awareness, when the informant has heard about blockchain technology and is able to give an accurate description along with some of its applications.

The third and final level is the High level of awareness. In this case, the informant is able to give a correct description of blockchain technology and can provide real world examples of blockchain applications.

It is important for us to go through all these stages and bring the value of the technology for the masses. When integrating a new technology, or any innovation, the first impression and result are what matters most. Blockchain technologies are facing significant challenges while proving their worth and application. As such, a quality-ensuring approach is needed for winning the client’s trust.

The Credits platform is applying a quality approach when catering to its clients, and that approach starts with the way the company’s employees handle their tasks and listen to the client’s needs. The client-oriented approach that Credits has applied is living proof of the potential for the development of the company into a corporation that can monopolize the blockchain market with its working and proven solutions, and decentralize businesses for their benefit. Such an approach to business will certainly yield results. The interest of such companies as Lenovo, IBM and others to Credits developed technologies is evidence of the platform’s professionalism and the value of its products.

With the support of a large pool of investors and a thriving community, Credits is well on the way to popularizing blockchain as a real and affordable technology that can be applied in a variety of industries. If time is to be the main judge of the company’s achievements, it is safe to say that the Credits platform’s management has done an outstanding job at appeasing the clock and building a solid base for growth.

Q — Telegram user Karan: What will you do if you fail in your roadmap and what will you do to be on track?

A — Andrew A from Credits: We are developing absolutely new blockchain platform from scratch and the process is very complicated, so it is hard to follow the roadmap. But we don’t stop and will continue moving to our goals.

Q — Telegram user Satish 💲: For an industry like blockchain, cooperation is very important with projects. What is the next plan for the collaboration?

A — Arseny M from Credits: We are focused on financial, logistic, IoT, gambling and gaming industries mostly at the moment. Business Development team has many conversations with major companies currently. Hope we will see some announcements with different industry leaders further.

Q — Telegram user poco f1: Do you have any plans to attract non-crypto investors to Credits, and how? What are the actions to increase awareness around a Credits in non-crypto space?

A — Andrew A from Credits: Yes, we have such plans. Currently, we are in partnership with many software-integration companies that will create different products using Credits technology to their end customers. We are planning to launch an Accelerator Program with a 1M prize pool to financially support the developers, who is interested in creating different applications. Also, we are planning to launch an extensive marketing after all our products will be finished

A — Max Diffenbakh from Credits: That is what we are looking for. This will take place by means of the integration of Credits products and services in the current business models of the companies that interact with non-crypto audience. As a Credits blockchain platform provides trust and transparency for the business, it opens up new opportunities for new business models, new ecosystems and economic environments with secure distributed business transactions. These new opportunities will stimulate new revenue streams for many companies and allow them to beat competitors by adopting transformational technologies and potentially destroying some competitors from the value chain.

Q — Telegram user albatross: What expansion plans does your company have and why invest in Credits, what advantages does it offer compared to other companies?

A — Max Diffenbakh from Credits: We think globally. This is what distinguishes us from many companies. We want to bring the blockchain technology to every corner of the planet, fundamentally improving the lives of the people around us, solving the problem of trust, which generates a continuous chain of conflicts across the world. A single decision-making system with absolutely transparent mechanics of actions is exactly what we need today. Implementing technology in business, we are able to reach the doors of every person on the Earth since business lays in the foundation of people’s relations.

A — Arseny M from Credits: Currently, we have almost finished the development of platform and products (Mobile, Web, Browser Wallets, Blockchain Explorer, Network Node). We have a vision that marketing should start only after the product will be done. In such case marketing campaign will be much more efficient.

Marketing is about to begin and we are engaging opinion leaders, making promotion on social networks, making publications on news outlets and public speeches on conferences. Several huge partnerships with major companies are pending at the moment though.

Q — Telegram user Klemens Rich: Is Credits going to be that massive game changer in the Crypto space that will unlock mass adoption?

A — Max Diffenbakh from Credits: Yes, adoption of the technology is the main subject that can help us to bring the Credits technology and blockchain technology for the masses in general. Credits blockchain will improve many existing business models and create new models. To make sure that we have a clear path to blockchain adoption, we must focus on both business and technology models. We can take a single use case, which affects the industry and business, and apply business and technology cost analysis, which leads to a business architecture and technology plan, as well as requirements for compliance, audit and company integration. The above artifacts define an adoption model that includes and overcomes obstacles and problems, as well as cost and economic viability factors for blockchain solutions.

Q — Telegram user just4 game: How has Credits promoted their platform? Are there any new strategies for this?

A — Andrew A from Credits: We partner with many Crypto News Outlets, who publish articles about us. We use Facebook advertising. We use banner advertising. We are in contact with teams of developers, who will create different DApps and services on our platform and then promote their products. But this is just a small part of our marketing. We will launch extensive only after all our products will be finished and ready to use

Q — Telegram user Steffen: Why would any companies choose Credits? Why is Credits better than other blockchain like NEO?

A — Arseny M from Credits: Comparison with NEO is not relevant in my opinion. There are only 7 consensus nodes on their network (pretty centralized), slow transaction confirmation time and low capacity.

Companies will choose our platform due to its features (fast speed, high capacity, low fees), easy integration process and huge community.

Q — Telegram user Miami Crypto 💰: Where do you see $CS ranking at the end of this year?

A — Max Diffenbakh from Credits: TOP-50 will be good achievement taking into account our recent growth to 150 positions in CMC.