BlockMason Credit Protocol (BCPT) Crypto Review
BlockMason Credit Protocol (BCPT) is a Credit Protocol that is on a mission to democratize credit through immutable recorded debt and credit obligations among specified parties. BCPT functions on the Ethereum network and is an ERC20 based token that powers BlockMason’s Protocol.
Lndr the first demonstration of the potential of the BlockMason credit Protocol is in beta at the moment and serves as an intermediary for those who desire to send an unpaid debt to a friend or family member. On Lndr, they can confirm the debt, and the amount owed and then keep track of it all on the secure blockchain platform that allows users to view and record the obligations.
Use Cases for the Lndr platform include settling dinner bills between friends or recouping costs associated with a night out on the town when you decided to purchase concert tickets for friends who forgot to bring their wallet. Lndr is designed to settle social bills so that friends will no longer need to argue over who paid for meals, movie tickets, cabs, etc.
Lndr is just one example of a platform utilizing the BlockMason Protocol. BlockMason plans to launch many Dapps in 2018, so I expect the company to become increasingly more well known as people soon realize the possibilities of the Block Mason protocol.
When I review crypto projects, I like to cover critical areas that I believe are important to consider before investing significant sums of capital into a Blockchain business. Areas I will cover include:
* Introduction- What is the BlockMason Credit Protocol?
*The Team& Partnerships- Who is behind the company?
* Marketing- Are they following proper marketing strategies?
*Investment Analysis- Can this be a profitable investment?
BlockMason Credit Protocol (BCPT) Crypto Review: Introduction
So what is the BlockMason Credit Protocol? It is a credit protocol created by the BlockMason company. The CP is composed of four core sections such as Credit Protocol Data smart contracts, Credit Protocol smart contracts, a Use Case Authority Contract, and the Flux Capacitor Smart Contract.
Dapps can be built using the BlockMason Credit protocol, and it’s native token BCPT fuels the credit protocol. For a more in-depth technical analysis, please check out their whitepaper by clicking here.
Since BCPT is an ERC-20 based token, I would recommend storing it in a secure location such as myetherwallet.The BCPT token is not listed on many exchanges I would recommend using Binance to purchase BCPT tokens.
At the time of writing this article, the BlockMason credit protocol has a current market cap valued at USD 76,659,688 and a circulating supply of 45,166,200 BCPT tokens and a total fixed amount of 116,158,667 BCPT tokens.
BlockMason Credit Protocol (BCPT) Review: The Team
The team is composed of industry professionals and prominent individuals in the blockchain sector.I have listed some of the BlockMason team members and advisors below.
Timothy Galebach-CTO: Timothy is one of the three co-founders at BlockMason, and his previous experiences include starting his own company Almond Media Solutions Limited. He is a graduate in Computer Sciences at the prestigious Harvard University.
Jared Bowie-CMO: Jared is another co-founder of BlockMason he also serves as the managing director to Bowzed Limited and is a graduate in Philosophy at James Madison University.
Michael Chin-CFO: Is also a co-founder of BlockMason he currently serves as a managing director at Constance Capital Limited. His past work experience includes working with companies such as J.P. Morgan.
Anthony Diiorio: Is one of the Co-founders of the Ethereum network. He is also the CEO and founder of Jaxx Blockchain interface and CEO&founder of Decentral.
Yohan John Kim: Founder&CEO of NE partners and a Venture partner at Revolution Media, Inc. Yohan brings a wealth of experience in advising startups in the blockchain and financial sectors.
Coral Health: BlockMason and Coral finance a subsidiary of Coral Health has announced a partnership. Together they aim to develop a reliable and decentralized system to recording debts and payments between patients, doctors and insurance companies.
BlockMason Credit Protocol (BCPT) Token Review: Marketing
BlockMason is making the right strategic moves it needs to grow a stable social media presence, but besides Twitter, they do not have a strong social media following. Given that this project is new and all of the Dapps that will be built utilizing the credit protocol I believe Blockmason will become much more familiar in the upcoming months of early 2018.
They are active on Github which is always something I view as a crypto investor since it often means companies are working hard at developing the project.
BlockMason Credit Protocol (BCPT) Review: Investment Analysis
I’m personally excited to see what 2018 has in store for the BlockMason Credit Protocol, and it’s native token BCPT. I believe that the team and it’s advisors will produce quality work and updates that will further increase the value of the BCPT token for crypto investors.
The fact that BlockMason is still relatively unheard of compared to other significant cryptocurrencies leads me to conclude that this might be an excellent time to start accumulating BCPT tokens. The BCPT tokens could potentially further increase in value as more Dapps and companies utilize the credit protocol.
(As always please do your research before investing in crypto projects this review is my own opinion and is not meant to be taken as investment advice.)