Colendi Weekly Update | 24-30 September

3 min read

September was a highly volatile month for cryptocurrencies. There were many announcements on the products side, which led to fluctuations in the prices, some big falls and surprising surges. Ethereum has announced some news that restored belief over the questions about scalability and transaction fees, which are crucial for dApps like Colendi. Our efforts on the product and the business side continue as the blockchain environment keep on developing new features that Colendi products will employ.

 

Colendi Card

One of the most important announcements of September was Colendi announcing the Colendi Card, which will open the doors to the incorporation of most common payment method to the Colendi application. Decades of consumer payment habits is now available in the Colendi platform where the users can acquire their physical Colendi Card and connect it to their Colendi ID and Colendi Score.

Colendi Card is considered to be a crucial element for Colendi adaptation in the communities where the old payment habits are relatively harder to transform. Considering people’s need to microfinancing and a comprehensive ecosystem, Colendi stands out with its abundant sources of finding the financing necessary and bring the platform personas together.

“As an active part of the Colendi ecosystem, we couldn’t be more thrilled about the Colendi Card and the additional opportunities it provides for us,” said Mehmet Ozcelik, co-founder of restaurant point of sale software leader SambaPOS. “This will benefit us as it will offers better reach to our merchants as well as growing our overall merchant base with the easy-to-use Colendi Card and app.”

Financial inclusion of the next billion people is not an easy task, on the contrary it requires substantial work, exquisite analysis and a comprehensive approach that will touch the lives of many people from various cultures and backgrounds. Colendi Card fits perfectly to the business strategy to be one of the strong hands to introduce Colendi globally.

 

Product development

Colendi released the alpha product to the volunteering members of its community. We had already announced how you can get early access and what features it will include. Last week, we have made the announcement that we selected volunteers among our community who have shown their interest to try the alpha product. Those people already received their mails to access the Colendi Alpha Product and shared their opinions with us. Here is the recap of their sentiments and statistics if you want to find out.

We are still gathering new volunteers to try out the Colendi Alpha Product. If you are interested you may still click the link below to register.

Get Access

Three integral elements of Colendi Product — Colendi ID, Colendi Score and Colendi Wallet — are introduced in the alpha product.

Colendi ID: Colendi ID is the self-sovereign digital identity that Colendi provides its users in order to include their relevant information in a private and protected model.

Colendi Score: Colendi Score is a digital score that is uniquely calculated by our protocol for each user. The protocol is trained to calculate a Colendi Score with social media data, smartphone data, transactional data, phone data and over 1,000 pieces of personal information. The algorithm then stores this score on the smart contracts of the Ethereum blockchain, meaning it becomes a decentralized Colendi Score.

Colendi Wallet: This is where users can manage their Colendi Tokens (CODs). With a Colendi Wallet, users can send and receive COD as well as oversee their transactions. On top of the existing features, users will soon be able to list the integrated merchants within the Colendi network and apply for microcredits.

 

Interested in learning more about Colendi’s alpha project?

Volunteering for the alpha product and helping us with Q&A testing is still an option. If you are interested, click the link below and leave your contact information. We have already sent more than 10000 members of our volunteers their access. Get in line to be one of the firsts to use the Colendi application and we will reach out and include you in our development process.

Get Access

 

Media

– Colendi announced Nico Jose @nixnolledo , chairman and former CEO of Xurpas Inc and founder and CEO of ODX as new Colendi Adviser. His experience and network in the Asian markets make him a significant addition to the Colendi Advisory Board.

Nico Jose “Nix” Nollado is the chairman and former CEO of Xurpas Inc., the largest listed Southeast Asian technology firm that focuses on e-commerce of digital goods. As founder and CEO of ODX, Xurpas’ Singapore-based wholly owned subsidiary that has businesses involving blockchain, he brings his goal of providing free access to the internet to mobile consumers in emerging markets. Nolledo has also mentored the numerous entrepreneurs as executive board member of Gurango Software Corporation, one of the leading Microsoft Dynamics enterprise partner in Philippines.

– Colendi announced a new series of blog posts, showing the compilation of mass data to our community. In the 1st blog “Global Population Without Access to Financial Services” global distribution of unbanked population is studied with a heat map.

 

Events

– Colendi attended a local meetup in Istanbul, organized in the Bahcesehir University for the blockchain enthusiasts. Colendi was invited as a guest speaker to talk about its technology and products on the blockchain, which attracted lots of interest and received appreciation from the audience. The talk was given by Lead Blockchain Developer Mehmet Dogan, Data Science Expert Baran Koseoglu and Chief Product Officer Eray Eren.

We will keep on working hard for the Colendi Project and keep you updated. Keep following us!

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