ICO listing: Debitum Network

debitum ico
ICO Debitum Network

Debitum Network

Ended ICO : 25/01/18 – 25/02/18

Borderless SME business financing. Leveraging Blockchain technology to secure and distribute fiat investments to the SME world. Decentralized, accessible, and fair.

Lending money is all about trust and its mechanical gears such as collateral, quantified reputation, and fear of punishment. Born in already well-established societies, we take the existing business trust culture for granted; we rarely doubt its basics and address the quantitative measurements of business friction costs. However, to solve global credit gap – we should mostly operate in younger countries where business trust is not granted. Using trust based blockchain solution Debitum Network ensures needed trust for all counterparties, especially investors, to operate within the ecosystem.

To consider comparatively complex lender-borrower relations, let’s take a step back and see how Bitcoin and other cryptocurrencies may change and simplify retailer- consumer interactions. To be able to conveniently pay in all stores, consumers go to the market of payment instruments where they have a narrow choice of VISA or Mastercard which are essentially the same.

Retailers have more options – Ingenico, Verifone, and a few others – but, since the interchange fee is still there down the line, that seeming variety does not allow them to circumvent high costs. Puttng its currency and monetary dimensions aside for now, when Bitcoin, a decentralized payment tool, steps in, it theoretically allows consumers and retailers to interact with no intermediary, using the free open source tool. In practice, however, there are ‘Bitcoin operators’ such as a wallet so ware or side-chain providers who make life a lot easier without charging monopoly-like fees.

Debitum Network is based on three important pillars that ensure its uniqueness, disruptiveness as well as will ensure positive results on smalling the credit gap:

  • True decentralization
  • HYBRID connecting crypto and fiat
  • TRUST based