[ANN][CROWDSALE] Global Credit Profile - Pave: A Decentralized Credit Bureau

[PaulSal]

Pave - Global Credit Profile

Building a decentralized credit bureau

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Pre-sale stage has started!

Contact: ir@pave.com for details

GCP.Pave aims  at building a unique decentralized credit bureau which will forever change the
way people perceive credit.  Lack of access to credit is a global problem. The World Bank
estimates that 2 billion people worldwide “do not have access to a basic bank account” and
that in all regions apart from high income economies borrowing from friends
and family is often the only way to access credit.

Pave will use Blockchain technology to put consumers in control of their own
financial profile and in doing so, empower the individual to become their own
form of credit bureau, more accurate, complete and secure.

Having spent 5 years lending to those with limited credit histories, Pave is building
a decentralized and Global Credit Profile (the “GCP”) that gives a user visibility,
ownership and control over their financial data.

Diagram showing the current consumer credit ecosystem versus the Pave envisaged ecosystem

With the launch of the GCP, Pave intends to develop a decentralized ecosystem and
marketplace for the transaction, utilization and validation of consumer financial data. By removing the
middlemen and placing individuals in charge of their financial data, Pave’s GCP will enable a faster,
more reliable and cheaper transmission of financial data. The effect of this change will distribute
profits currently being made by the credit bureaus and credit scoring companies back
to consumers and the providers of data. By empowering individuals with access
to their financial data, millions of people’s lives will be impacted
for the better through better access to credit.

Pave plans to introduce a global credit access token (a “GCAT”) to enables access
to the Pave ecosystem and marketplace. Through the purchase of a GCAT, holders will be empowered
and incentivized to upload, view and transact consumer financial data. Holders will also be able
to gain access to and exchange their tokens for products and services pay for Apps that
evolve within the Pave ecosystem. The only means of accessing the Pave ecosystem is via the GCAT.

As more and more users connect their financial data via the GCP, an unrivaled set of financial
data will be created and network effects will start to kick in. Financial service providers and other users of financial
data will be attracted to join the ecosystem due to its unique breadth and depth of data,
as well as attractive costs compared to incumbent data providers. Users will be attracted to connecting
their financial data because of the visibility and control it affords and the better access to financial
products and services. As more and more users join the Pave ecosystem the value of the
network will grow. This increase in value in turn will push up the value of each
token as the number of tokens is absolute.

Those people who have been devoting immense amounts of effort to traditional Pave and who basically brought it to the point where it is now, are going to work on GCP. This fact, again, fosters the belief in success of the new venture.

We also acknowledge and appreciate the help of our professional advisors who support us in creating the GCP

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[gioangelofelix]

Following👍

[rijaljun]

In this area, do you have competitors? How do you compare this project with them?

[Dunno]

Follow

[Forumgeiq]

Where can we access the details of your company to cross check the numbers you present? Like how can we know you helped 22m in loans?

[Pave]

In this area, do you have competitors? How do you compare this project with them?

In the area we have no other competitors other than the incumbent credit bureaus. We are unaware of anyone else trying to solve this data access and control problem in the same way as we are approaching it.

[Pave]

Where can we access the details of your company to cross check the numbers you present? Like how can we know you helped 22m in loans?

We will soon publish the anonymized loan tape. Monitor the updates

[okan1964]

hi, good luck for the project.

will  there any bounty or airdrop program , before ICO?

Regarss.

[Pave]

hi, good luck for the project.

will  there any bounty or airdrop program , before ICO?

Regarss.

Yes, we'll ditribute 2% of the garnered pool for bounty campaign.

[Glundung]

With a credit scheme like that, it should be able to make everyone who utilize the credit scheme will have the flexibility and transparency about their credits.

[Watercolour]

When ico details will be announced?

[Pave]

With a credit scheme like that, it should be able to make everyone who utilize the credit scheme will have the flexibility and transparency about their credits.

This is exactly what we aim at achieveing

[Pave]

When ico details will be announced?

We're going to announce the timeline, as well as other details, in mid-November.

[andreysmol]

As far as I can see, pre-sale for Accredited investors has been launched! Where can I get all instructions to participate?

[Pave]

As far as I can see, pre-sale for Accredited investors has been launched! Where can I get all instructions to participate?

Feel free to e-mail ir@pave.com to get all the details. Remember that the entry threshold on pre-sale stage is $50k.

[Ken_bitty]

What’s the size of the revenue of Pave in the last three months?

[Pave]

What exactly is the problem you’re going to solve with this blockchain platform?

A lot of people, not only in the US but also in other parts of the world, are denied loans which they direly need due to the bad credit history, or lack thereof. This, naturally, impedes their lives and, ultimately, national economies. What we’re aimed at building is the transparent, blockchain-based platform that will allow people to overlook their credit profiles. So the problem we are solving is primarily an access to credit problem and the way we solve that is allowing consumers to present a more robust picture of their financial health. As a consequence of our solution we also solve the security vulnerabilities that the recent cyber hacks on Equifax highlighted - again this is explained in our whitepaper

[Pave]

Feels like there’ll be abundant opportunities for fraud on the side of consumers, how are you going to control it?

Fraudulent activities from consumers will not be technically possible since users’ application forms will not provide alternative payment and credit data. Moreover, fraud and identity data will be retrieved from third-party providers.

[Pave]

Will people from Pave be able to withdraw cryptocurrency before the end of the ICO?

No, the investment pool will only be available for them after the ICO is completed.

[JCNC]

Well, the 2 billion people you mention in first several sentences that do not have access to a basic bank account would not have access using a cryptocurrency? I mean, it's even further than bank.