Positive Credit

About the System

Positive Credit is a distributed trust and reputation system for businesses and individuals, based on a history of actions recorded to the blockchain. Businesses can use Positive Credit to grant access to others to enable them to read lists of verified transactions from the blockchain to prove reputation, trustworthiness, and creditworthiness.

How it works

Joe’s Bakery records: “We bought $50,000 worth of commercial ovens.”

Honest Ovens records: “We sold Joe’s bakery $50,000 of commercial ovens.”

The blockchain records all transaction history.

Positive Credit provides a global business credit profile and transaction analytics, enabling fair and easy access to credit.

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Key Benefits

Credit risk mitigation
Secure global credit recording system
Data access limited to specific parties indicated by a user
Low cost to users to attest to transactions, thus a low cost to maintain a credit profile
Reputation by consensus. Parties testifying to transactions have their own reputations
Right way risk. “Good” counterparties who would prefer to have their records known

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Positive Credit Provides

Positive Credit Profile

A decentralized credit profile for your business focused on your business’s creditworthiness and trustworthiness.

Your business’s Positive Credit profile may be used to:

Creditworthiness

Prove creditworthiness in a lending transaction to obtain a loan or bond.
Trustworthiness

Prove trustworthiness or execution capability to new business partners.

Data Ownership

Your owns profile

Your business owns its Positive Credit profile.
No third party

Your profile is not owned by a third party

Portability

Your business’s Positive Credit profile is portable to any country or geographic region. Use it in the United States, EU, APAC, and beyond.

Privacy & Security

Your business chooses who can view selected parts of your profile and transaction history (sliceable by key factors like time ranges and transaction domains).

Advanced Analytics

ML-based algorithms compute a Positive Credit Score for a specific transaction domain, Positive Credit Risk Assessment for a given transaction, and more.

Control

With your Positive Credit profile, your business can attest to transactions you’re involved in (as a buyer, seller, or as a consultant such as a broker or attorney) from your own perspective.

Accuracy

Because profiles are composed of transaction histories and transaction metadata provided by all businesses in the Positive Credit network, each profile leverages the power of the network to ensure accuracy and mitigate risk from bad actors.