Colendi Weekly Update | 30 July – 5 August

2 min read

Colendi team spent a rather productive week, especially on the product side. This week’s update presents more developments on the Colendi product, as we want to make use of the summer by making as much progress as possible and keep up with our roadmap.


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. On Friday, we have made the announcement that we selected 2000 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 share their opinions with us.

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 Your Early 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 QA testing is still an option. If you are interested, click the link below and leave your contact information. We have already sent 2000 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 Your Early Access

We look forward to hearing from you and changing the future of microcredit.




– On the 30th of July, we have shared an update with you about an article in Buzzfeed. In this piece Buzzfeed Community Contributor Ben Ari has prepared a list of 45 things to do to “Make Blockchain Better”. In his article he included a quote from Colendi co-founder and COO Mihriban Ersin on the future landscape of job markets:

Blockchain will definitely cause some jobs to become obsolete, but the technology will also help to create many new jobs that we cannot even picture now. To align job seekers with the new jobs that will be created, the education system will need to evolve, to provide practical training for youth so they will be ready for this change.

– On the last day of July, Colendi released a new version of its whitepaper, V1.0. With a couple of changes and enhancements in the Colendi token, the new whitepaper accomplishes to encompass all the functionalities of the Colendi platform and Colendi protocols.

– On the 2nd of August Colendi announced Emre Tekisalp, who is working at Coinbase in business development, as its new adviser. Emre’s experience in technology and blockchain has already started adding a lot to the development of the Colendi Project.





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

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