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[BlockMason]

One question: can a car dealer create a loan with bcpt to pay for the car? We have these two figures: Through a loan: The lender (creditor) delivers a sum of money (capital or principal) to the borrower (debtor) in exchange for the payment of an interest. The borrower contracts the obligation to repay (amortize) the borrowed capital within a certain period and to meet the corresponding interest charge.

I can think of many situations, specifically if the borrower does not return the loan that would happen to the creditor? Can we force you to sell your home in bcpt to return the loan?

Great question, thank you!

To answer it, it is important to restate that the Credit Protocol is a base platform that enables third parties to build dApps involving debts and credits. And yes, it is completely possible to build an application that has the described functionality on top of the Credit Protocol. This dApp will use BCPT as a license to the Credit Protocol Network.

Regarding enforcing the repayment of a debt - various dApps built on top of the Credit Protocol will have their own enforcement mechanisms, as the “Trust” and “Enforcement” are functions of those dApps themselves. It is up to these businesses and the laws governing them to come up with enforcement mechanisms for those cases when debts are not paid.

You can read more about the enforcement aspect of the Credit Protocol here:
https://announcements.blockmason.io/how-does-credit-protocol-deal-with-enforcing-debts/

I hope this helps!

// Blockmason Team

[BlockMason]

Here is our development update for today.

Lndr Updates
We have made updates to Lndr in preparation for the beta release, including nickname uniqueness contraints, transaction retries after failures when writing to Ethereum, dynamic gas usage based on current ethgasstation.info Gwei transfer prices, and various UX improvements.

Lndr initial beta testing has begun! If you are interested in testing please send an email to test@blockmason.io.

Current beta will record all debts in USD, with the next steps being Eth settlement of debts and adding additional currencies. Future updates will also include a design facelift and push notifications for pending transactions.

 and submitted to the server, which sends them to the blockchain, retrying if necessary. This means that from the user's perspective, debt confirmation is instant.

// Blockmason Team
*To see the original post, please follow the link: https://github.com/blockmason/dev-updates/blob/master/2017-12-14.md

[kcanup]

Interesting token, what was the ico price?

[gyrocu]

any news ?

[rafzalan]

Even with this latest pump, I think BCPT is far under value.
Now its cap is about $16mil that brings for it 301th position on coinmarketcap.
While team are expanding and a test version on mobile is ready.

[BlockMason]

Yohan John Kim joins Blockmason as Advisor for the Korea Market.

Blockmason is proud to announce that it has brought on blockchain and venture capital veteran, Yohan John Kim, as its Advisor for the Korea Market. In addition to Blockmason, Yohan also serves as Advisor for blockchain companies PlayCoinGame & KStarCoin, and is a Limited Partner of Pantera’s ICO Fund.

Yohan grew up in Chicago and graduated in 2004 from University of Illinois Urbana-Champaign with a degree in Finance. After college, Mr. Kim joined Citigroup’s Global Technology Investment Banking Division as an Analyst. Following Citigroup, Yohan joined Kennet Partners & TeleSoft Partners as a venture capitalist where he closed a US$10m investment into SchoolWires (acquired by Blackboard) and US$7.5m investment into Recommind (acquired by OpenText).

Mr. Kim has also developed solid operational experience as Senior Vice President of International of eDaijia (driver chauffeur service in China with over 100,000 drivers), Senior Director of Operations & Head Korea of Kabam (acquired by Netmarble and Fox for US$800m) and Director of Advertising, Business Intelligence, Global Strategy Group of Gree Korea.

“I am excited to bring BlockMason’s Credit Protocol and Lndr app to the Korean Market given the success of Korean mobile payment mobile app, Toss. Lndr is a unique and disruptive solution, a first of its kind, solving key issues facing the cryptocurrency world today, adoption and use, at the consumer level. Lndr brings new innovation to the mobile payment ecosystem by allowing users to create and track IOUs and schedule settlement of debts (including settlement via major cryptocurrencies). Korea is a financial powerhouse in the cryptocurrency world today, and Lndr will provide a new and innovative option for consumers to settle debt/payments via mobile application and cryptocurrencies.” quote from Yohan John Kim.

Indeed, according to Forbes https://www.forbes.com/sites/elaineramirez/2017/12/04/unicorn-rising-how-this-south-korean-paypal-backed-startup-churns-1b-a-month/#59a8c50a5c13, Toss is now the fastest-growing mobile P2P payment service globally, and has reached US$12 billion transaction volume this year. “Putting that into context, Venmo, another Paypal-backed startup, took four years to reach the same rate and is currently processing $2.5 billion in monthly transactions, Toss says. But Toss, with 12 million users, was able to reach that benchmark in about half the time and has sights on breaking even in the near future — a global first in the P2P payments space, says founder and CEO Seung-gun Lee.” quote from Forbes.

In addition to building the Credit Protocol and Lndr community in Korea, Yohan will also lead Business Development & Strategy in Korea for Blockmason. Mr. Kim has already fielded inquiries from partners spanning from accounting firms to merchants who are interested in developing on the Credit Protocol for the Korean market.

// Blockmason Team
*To see the original post, please follow the link: https://announcements.blockmason.io/yohan-john-kim-joins-blockmason-as-advisor

[zecon]

This one is quite intriguing.. solid advisers and person-friendly whitepaper.

https://blockmason.io/cp-whitepaper/introduction-and-features/

[conan43]

What is the latest situation, do we keep friends' coins or not sell them?

[venoin]

can link to this forum be added to coinmarketcap? Can attract more interest for coin.

[zecon]

New blog on BCPT:

https://steemit.com/blockmason/@thescoop/blockmason-credit-protocol-analysis-usdbcpt

[bmike]

Benjamin Goh,

Hi Everyone, we just signed a partnership with a leading Japanese blockchain marketing/PR firm who will assist us in the Japanese launch of the Lndr app, connect us major partners to build new applications of the Credit Protocol, and create broader awareness in Japan of the transformative potential of BlockMason’s core technology. We are preparing a joint announcement and will release it when we are both ready


So To THE MOooooN!)

[yuta88]

BlockMason Credit Protocol has been listed on Bittrex from 2018-02-22 18:41(UTC). Congratulations.

If you want to get notifications when tokens are listed on major exchanges, this will help you
https://bitcointalk.org/index.php?topic=2365675

[BitMaver]

Blockmason Credit Protocol Token (BCPT) is now listed on UPbit — a fast-growing cryptocurrency exchange based in South Korea that was launched in partnership with one of the largest digital currency exchanges in the world, Bittrex.

Learn more at https://announcements.blockmason.io/upbit-lists-blockmasons-bcpt.

[tor676]

It's scammers!
These coins create a binance in order to draw out bitcoins in humans!
This coin will never cost even $ 2. The price will be around 75-95 cents to collect more bitcoins.
trades went more than 80 million a day, but the coin fell in price. What does it say? they are draining you this rubbish!

[irwanjabryg]

It's scammers!
These coins create a binance in order to draw out bitcoins in humans!
This coin will never cost even $ 2. The price will be around 75-95 cents to collect more bitcoins.
trades went more than 80 million a day, but the coin fell in price. What does it say? they are draining you this rubbish!

All altcoin takes time and innovation.
BCPT has a good plan and it makes perfect sense.
I support 80% of this project. 1-2 years into the future BCPT will be an altcoin that is loved by all the people of the world. 

[Legionar]

What is happening with this project? any news?

[gagik]

binance-scammers! This coin belongs to them!

[jjeeppeerrxx]

Blockmason offers Airdrop and you can check it here https://www.airdropx.com/en/blockmason/ I joined earlier! Also joined their Telegram Group, hope for success with this platform.

Any update also from other members?

[S3cco]

Bitcoin Garden: How Blockmason’s Credit Protocol Could Change the Consumer Credit market
https://bitcoingarden.org/how-blockmasons-credit-protocol-could-change-the-consumer-credit-market/

As blockchain technology shows an impressive potential to be disruptive in many sectors, the Credit and Lending industry is no exception. As of today, the infrastructure needed to provide credit is both costly and complicated. The Credit Protocol, created by Blockmason, is a new system that is here to resolve this issue.

The majority of the world is run on credit. In reality, there are only a few trillion dollars of real money while the estimated amount of debt is in the range of quadrillions. The Credit Protocol addresses this problem by creating a new infrastructure to record debts via the Ethereum platform.

Other platforms are trying to simplify access to credit, such as ETHLen and SALT, but their focus rests on peer to peer or collateralized lending on the blockchain. Unlike them, Blockmason believes that the first step to making it easier fo real world companies to adopt a blockchain based solution for debt and credit obligations is not to solve how to lend but how to record such obligations. As a result, the Credit Protocol is a recording layer which serves as a base on top of which the lending, collateral, enforcement and underwriting can be built....

[Yoshinoya]

Hello, how to deposit BCPT from the ERC20 wallet into a binance exchange. Do you have to swap
And how to swap in binance exchange