The lack of modern credit scores is substituted efficiently by reputation, trust, and social ties. Throughout history, ROSCA funds have been successful because they are formed around personal reputation and circles of trust.
WeTrust chose the Ethereum blockchain to develop its ROSCA platform. Why? And is this decision final?
Currently, the code being written is in Solidity and the MVP will be on Ethereum. We chose Ethereum because of its wealth of code documentation, relative maturity and strong community support. While the MVP is built on Ethereum, we plan to be “blockchain agnostic” and will be building in such a way that we can port our code to another platform if see it is more promising for our use case.
This project is currently self-funded. Are you planning on doing a crowdsale for WeTrust or any of its products?
We will be planning a crowdsale for WeTrust contingent on a successful deployment of our MVP and strong community support and demand for our future products.
When can we expect the ROSCA platform to be launched?
Our MVP has a targeted completion date of January 8th, 2017. The ROSCA platform should be ready mid-late 2017 contingent on a successful crowdsale and continued full time development from our team.
WeTrust interview