By @SimonCocking

How are you different?

CREDITS is the platform for creating blockchain and smart contract services that are based on price and speed. Now, despite the popularity of Ethereum, this network has many disadvantages, including its speed and price of transaction. This platform is used primarily to issue tokens, ICOs, and to create services with one-time operations that do not require high speed. Whereas our platform is perfect for creating products on a blockchain: financial and payment services, the Internet of Things, gambling, banking services such as loans and fundings, accounting of the exchange transactions and many others. We’re capable of conducting transactions in about 0.01 seconds. We are making the platform valid for a wide range of users.

Imagine: financial and credit services, trade, medicine, identification, exchanges, Internet of Things, and others working on the same blockchain in autonomous mode.

Why will you do well?

The platform CREDITS can execute more than 1,000,000 transactions per second and has an execution time of 0.01 seconds. Because transaction fees are minimal, high-volume applications are possible in a way that no other available blockchain can match.

Users of the platform will be able to create completely self-contained and independent financial technology services and other applications that work within the network without the involvement of third-party systems.

Where are you based?

CREDITS.COM PTE. LTD. Reg. No.: 201725929C Check 79 Ayer Rajah Crescent #05-08 Singapore 139955

When was the company launched?

We developed the concept late in 2016 and received first investments by the end of the year. Venture investors brought 200 000$ in our startup. Our team started developing the CREDITS platform in January, 2017. We have gone through the stages starting from the concept development up to the MVP launching (Minimum Viable Project). At the moment we are working on the full-fledged Alpha-version.

What have been your biggest wins to date?

CREDITS 2017 achievements. We have successfully developed and launched MVP and Pre-Alpha version, released White-Paper, applied for a Consensus patent issue. We have closed Pre-ICO Hard Cap 5 days ahead of schedule! CREDITS staff has increased by several times during a year and we have opened 2 more offices worldwide! We have visited over 30 blockchain conferences and meetups.

Who are you trying to attract to your product?

Contributors from different spheres: banks, financial services, medicine, IoT, tourism, gaming, logistic, insurance, crediting, journalists. We do a great job with the community, try to answer all questions and discuss the most controversial moments. We have agreements with famous Internet-editions, they publish articles about us. We also have a blog where developers explain how our platform works. A number of industry experts give us their recommendations, which significantly accelerates the development of the platform. We participate in international conferences, travel all over the world: Singapore, London, Moscow, Seoul etc. We feel like a cosmopolitan, a citizen of the world.

What tips would you give to others looking to build their business?

Perfect idea+work hard

Tell us about your team?

CEO Igor Chugunov: As for me, I’m a banking specialist and I have over 7 years experience in creating financial and Internet services in banking and loans sphere. For the past 3-4 years I’ve been very interested in blockchain technologies and cryptocurrencies, and I thought it had great potential in the financial area but there were many problems, such as slow speed and high costs. So I decided to put together a team and make a blockchain platform that will eliminate those issues.

Our technical director and co-founder is Evgeny Butyaev. He has been engaged for more than 10 years in software development, of which 3 years are in the field of blockchain.

There are over 50 people working on CREDITS now, and all members of our team have been working with cryptocurrencies for a long time and have good knowledge of blockchain.

We have a young ambitious team in which there is no clear hierarchy, as in top companies. Certainly, there is a department of developers and programmers, a team of marketers, editors. It is necessary to say separately about the staff working with investors, they have a hard time working. The increased interest in our project has increased the workload on their department at times.

What are your plans for the future?

In the near future, we will be ready to show the Alfa-version of the CREDITS platform. According to the Road Map of our project, there releases the Beta version in April 2018, and a full version of the platform is planned to be released in the summer. We have a lot of work and much more plans.

What are your favourite tech gadgets?

I’m an adherent of Apple. I use iPhones and MacBooks.

What tech gadgets do you wish you could use to help you?

I would like to have a Tesla car with an autopilot. I’m sure that the future is for unmanned vehicles.

If you really dream, then I would like a teleporter. I spend a lot of time on trips to different countries. This could save me a lot of time.

How do people get in touch with you?

If you would like to have your company featured in the Irish Tech News Business Showcase, get in contact with us at [email protected] or on Twitter: @SimonCocking

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