Parami Partners DeCredit to Bring your Financial Credit to a Social Layer
Today we are excited to announce our strategic partnership with DeCredit. Parami Protocol is an innovative player in the privacy advertising field, while DeCredit has its edge-cutting application of credit oracle in the DeFi world. Such partnership will benefit both sides in the long run.
Highlights of Partnerships
DeCredit, as a believer and practicor of decentralization idealism, will work together to explore the future of the crypto community and build consensus. In conjugation of an ever-growing DeFi power, DeCredit is always looking for a proportional community to serve the collective interest. It is common these days that a self-sufficient group working on an unanimous common good and such actions reinforce a sense of mission. That’s what Parami and DeCredit are devoted to and where DeCredit and Parami’s DAO ideas and techniques will apply. We believe that DAO is the ultimate and so-far best practice in the context of decentralization, where trust is ensured by unchangable on-chain records.
Parami is excited to advance our user-ranking system with reference to the novel modelings of DeCredit’s credit oracle. DeCredit is committed to bringing off-chain credit to the blockchain, thereby expanding the large-scale application of DEFI lending. The DeCredit team is deeply involved in the credit sector and has rich industry resources in the field of credit protocols, big data credit, industrial funds and data risk control, which can provide rich lending scenarios and credit base support for DeCredit to expand its credit lending business. Relying on the team’s resources and excellent technology in the credit investigation industry, we have built a globally distributed credit investigation model and AI algorithm. By doing this, DeCredit leverages the tremendous momentum generated by DEFI to provide liquidity support to a wider range of entities and individuals. Relying on the rich experience and resources, DeCredit build reliable globally distributed credit investigation model and AI algorithm. By doing this, DeCredit can not only leverages the tremendous momentum generated by DEFI to provide liquidity support to a wider range of entities and individuals, but also empower other projects. Such sophisticated algorithms for credit ranking, will provide profound guidance for Parami’s intrinsic design, especially for Personal Crypto Advertising Profile (PCAP). As many previous cases have revealed, on-chain data query infrastructures are winning investors’ favor. Parami will take a step forward to review, structure and make sense out of these public data with the engineering of credit investigation by DeCredit.
What happens next
DeCredit has gone live on Binance Smart Chain, and will launch on Polkadot Substrate soon in the future. Meanwhile, Parami Protocol has officially launched its test network on Polkadot and will soon deliver the main network. We share the objective of cross-chain integration in the light of business expansion.
About Parami Protocol
Parami Protocol proposed an AD 3.0 paradigm for Web 3.0, to establish a user-centric tokenized advertising economy. AD3.0 is the accelerator of Web3.0, fueled by the Decentralized Identity (DID) and Zero-Knowledge Proof (ZKP) technology stack. It aims at giving the rights and profits, which have been long exploited by Web2.0 service providers, back to the users. As a parachain built on Substrate, Parami protocol provides tokenized ads service for other parachains in Polkadot / Kusama through relay chains.
DeCredit is a DeFi 2.0 protocol that empowers the DeFi market by introducing the credit loan models, that is, linking credit authentication nodes and credit Oracle to lending products, on the premise of existing encrypted collateralised loan models, with a view to progressively reduce and finally eliminate collaterals, enabling staggered resource allocation and enabling the blockchain paradigm to inclusively enable the traditional financial lending sector. By doing this, DeCredit leverages the tremendous momentum generated by DeFi to provide liquidity support to a wider range of entities and individuals.