Debitum is a startup based on the technology of Blockchain. It is quickly developing as a strong solution, which promises to remove the requirement for highly regulated third parties. This company has recently completed a campaign of crowdsale successfully.
This platform, namely Debitum, is continuously making efforts to construct a transparent and decentralized environment for SMEs. It is an innovative platform for financing powered by Blockchain of Ethereum. The network of this platform has been developed to free, medium, as well as small-sized companies across the globe from the use of third parties. Moreover, it is offering the opportunities of business funding that small companies were not able to get earlier.
Almost every company across the globe suffers from the issue of limited credit. According to the statement given by the World Bank in the year 2017, there are around 70 percent of all small and micro-sized enterprises in the existing market, which do get access to financial assistance. But now with the help of this non-centralized platform, all small companies can easily get an access to credit.
Any person who is interested in starting a community for offering a service within the network of Debitum should execute the application program interface of the Debitum community. Moreover, in this API, the leader of the community is required to provide the rating algorithm for the members of the community. Plus, such a person is required to conduct an audit by using trust arbitrage of the Debitum network.
The network of Debitum needs a powerful structure as well as a bulletproof technical execution in order to make sure successful usability as well as the launch of the network. The main purpose of the Debitum network is to provide an open system that does not only communicate with the Blockchain-based environment, but is also easy to scale, appropriate for execution, and robust for the protocols required in the network of Debitum. Users of this network should be allowed to communicate with the ecosystem not just by making use of Blockchain, but also through various other system adapters.
The network of Debitum does not include its own mechanism of consensus. Moreover, it does not have a common mode failure issue. This is the basic limitation faced by the Blockchain-based applications, which does not happen in the case of Debitum as the number of business to business transactions is comparatively large. The average value of small business loans is equivalent to 15,000 US dollars; therefore, the cost of infrastructure is comparatively less.
For security reasons, the infrastructure of Debitum is going to have subnets and system administrators. The adapters are going to communicate on the platform by making use of load balancers in the subnet of the public that has been created for sending data in different parts of the ecosystem. In case of private subnets, EVMs are going to be used in order to communicate with the blockchain. If you are looking for more information about the network of Debitum, then read its whitepaper.