Due to its technical characteristics CREDITS provides more than 1 million transactions per second with minimum fees up to 0.001 $.
The platform provides an opportunity to create your own decentralized applications using smart contracts and an open data registry.
The CREDITS blockchain platform can be applied in all areas of the economy, where high level of data security, fast data processing and automation of business processes are required . Areas of application of the CREDITS platform:
- Financial institutions and payment services:
Savings means reducing the cost of financial reports and reconciling various data on mutual settlements and clearing through the simultaneous access of all stakeholders to databases.
Security – the servers of large companies are much more vulnerable than the blockchain system, which requires huge material and technical costs from intruders.
Data integrity – information from a blockchain can not be deleted or changed.
Political security – a blockchain can not be turned off by any government.
Cross-border payments without SWIFT are faster and cheaper
1.2. Insurance companies:
Security – contracts can be concluded online and immediately sent to storage in a locker where they can no longer be falsified.
Savings – reducing the cost of reconciling data.
Smart contracts – the occurrence of insurance events can be programmed and recorded in the blockchain.
1.3. Payment services:
Savings – the absence of intermediaries. Reducing the costs of payments, the minimum commissions.
Security – the storage of data on payments in the blockchain ensures complete safety and unchanged information.
Security – the use of encryption algorithms protects data against tampering.
Smart contracts created on the base of exchange instruments: options, futures and bonds.
Internet of things:
Internet of things is a collection of devices that interact with the user and with each other.
The blockchain is needed to ensure the security and safety of the transmitted data between the devices. Based on smart contracts, you can preset conditions and scenarios of behavior, automate many routine processes.
2.1. Smart house
Safety – protection against breaking in, automatic fire extinguishing system, water supply blockage, if leakage occurs.
Energy efficiency – management of heating, air conditioning, electricity and water consumption.
Pleasant trifles – automatic opening of blinds and curtains, lighting control, TV, Wi-fi.
2.2. Smart car
Unmanned vehicles, the distribution of which is inevitable, with the help of the blockchian, we could share information about situations on the roads and various telemetric data, including the number of passengers and energy efficiency.
All sorts of wearable electronics – fitness trackers, smart watches. They can monitor your health records and send data to your health care provider. Reminder to taking pills, warning of increased blood pressure and other problems.
Security – Smart contracts provide secure registration of any type of asset management and transfer transactions.
Automation of production – Smart contracts solve many tasks in the field of logistics and supply.
Reduction of costs – any amount of payments with minimal commissions. Security of international payments
Automation of routine processes for reconciling data and updating information with counterparties and various structural divisions.
Creation of your own decentralized applications that fully meet the needs of a particular business.
Logistics – the ability to track the entire supply chain of any product from the manufacturer to the end user. Starting from auto parts and components, ending with ingots of precious metals and stones.
Intellectual property – the creation of digital assets with an indication of the author and ownership. Transfer of ownership.
Secure access to data – the identification and verification of users who have the right to access information and make changes
Electronic voting – the organization of voting by the means of digital tokens, the account of which is carried out in the blockchain. The blockchain can be used to increase the transparency and reliability of the results of voting or elections.
Government procurements – the blockchain will ensure the transparency of the procedure itself and the ability to trace the entire supply chain and the contracts with contractors and executors of government contracts.
Electronic document management – the provision and accounting of issued certificates, certificates, licenses.