In some countries the credit rating system is not well-developed due to late credit industry development. Nearly 4 billion people do not have valid credit records. The absence of personal credit information results in difficulty in meeting the need of making loans.
In CTC, data inquiry among credit institutions would be validated via ID of loan customers. The data would be released in the entire chain by adopting desensitized data and using mask-off code to ensure personal data not publicly disclosed and the privacy being protected.
CTC‘s application needs to deploy a blockchain node. The node program will join the blockchain network automatically. The application service calls the blockchain node interface through the RPC, which can interact with the blockchain data.
CTC Dapp is a mobile wallet app for credit management developed for all users. The app can conduct basic management of the CTC held which includes checking of the amount of CTC possessed, amount of CTC frozen, records of using the CTC and checking for loan records and credit info
CONSENSUS: SINGAPORE 2018, Credit Tag Chain's great exhibition at the international stage.
If you missed onsite communication, you can inquire about CTC any time at @ctcgroup in Telegram.
CTC is now holding a two-day exhibition in CONSENSUS: SINGAPORE 2018. CTC will answer any of your inquires about Credit Tag Chain. And you can have a face-to-face communication with block chain experts and practitioners at the summit.
Risks in Losing the CTC Due to the Loss of the Wallet
After the CTC purchased by the loan customer have been distributed, they would be transferred to the digital wallet of the loan customer. If the loan customer loses the wallet, it would lead to the loss of CTC.