What is Blockmason Credit Protocol?
Blockmason Credit Protocol is designed by Timothy Galebach, Jared Bowie, and Michael Chin in 2016 to list debts and credits on the ledger. It runs on Ethereum and based on a two-sided agreement, where a user conducts an offer of credit or debt to another user. If the request is admitted, it is being registered as a smart contract on the ledger. To fuel its network BlockMason Credit Protocol uses BCPT token. Users can apply BCPT to settle transactions on the chain. The currency serves as a grant for having access and being able to manage Credit Protocol network. The ICO of the token launched on October 1, 2017, and achieved the goal of $15.3 million in 15 days.