Released on April 4, 2019, by a team spanning the United States, Canada, South Korea, Nigeria, and Estonia, Creditcoin endeavors to tackle the absence of a credit system for the unbanked population in emerging markets. Individuals without access to traditional banking services often resort to borrowing from non-bank sources. However, these transactions recorded with non-banks are typically not recognized by conventional banks due to trust issues with the data. The project seeks to address this challenge by objectively documenting credit transaction histories on a public blockchain.