Merit will revolutionize the credit reporting and lending industries. Beyond the classic credit score as they know it, Merit will provide an individual, personally-controlled profile made up of factors that you determine are reflective of your true and accurate credit worthiness, or your “Merit”. Significant and individually relevant data can be combined with a classic credit score to facilitate a more accurate and fast credit worthiness evaluation. Applications and approvals related to complex transactions will be easier, as the User and credit provider will be able to digitally and instantly request and provide necessary and relevant data. Credit providers will also be able to select groups of Users, based on specific, searchable data criteria, who qualify for specific offers. Data will be stored, shared and secured on the blockchain. Users will share their selected and relevant data via hashed unique keys purchased with Merit Tokens. The ultimate goal is to create a world-wide credit worthiness for everyone, your Merit.

Merit – Additional Applications

This article references credit and lending situations as the primary source of transactions and utility. However, there are other uses that are also facilitated with greater ease by using Merit.

ACCREDITED INVESTORS: For Users looking to invest in companies limited to accredited investors, the exact same process in Merit can be used to provide verification and supporting documentation to the broker or issuing company for accredited investor compliance.

TRANSACTION COMPLETION: Once a User is approved for a loan, the lending document process can be facilitated by digital execution in Merit. Once executed, the loan agreement and its terms will become part of the User’s data record as an established account with the creditor.

EMPLOYMENT VERIFICATION: A User’s employment history, including resume, can be stored and shared through Merit.

How the System functions

When a User wants to share their data, or conversely, when a creditor requests specific data from a User, Merit Tokens are utilized by that User or creditor to have a Public Key linked to their data issued. The User designates which Merit Profile to share with the other party and allocates the Public Key to that Merit Profile. The Public Key is shared with the other party in the transaction (e.g., the creditor). Using the Public Key provided by the User, the other party can retrieve the data instantly.


A User will generate a public key to share their data with a third party, such as a vendor, creditor, or anyone that needs the User’s data (“Public Key”) and/or a private key to access and modify their data themselves (“Private Key”).
Public Keys: A User will be able to generate multiple Public Keys allowing the User to share different types of information allocated to each Public Key. For example, a User will generate a Public Key allocated to their address and credit card profile – their “Credit Card Public Key”, or they can generate a Public Key allocated to their driver’s license and passport numbers, their identification profile – their “Identification Public Key”.

Private Keys: A Private Key will be used solely by the User to access and review everything within that User’s Merit profile themselves, including the ability to update their information such as addresses, email, phone numbers, etc. Private Keys will also allow Users to read specific data attached to their Merit Profile including licenses, passport, credit cards, etc. uploaded by the issuer of the data using a Write-Access Public Key issued by the User. The data populated directly by the issuer will not be editable by the User, but the User will have access to the data / information attached to their Merit Profile. The Private Key should not be shared with anyone other than the User.


ICO Supply and Offering
Merit Token Maximum Supply: 500,000,000
Merit Token Offering: 250,000,000
Price Per Merit: (USD) $0.40
Merit Minimum Transaction: 100 Tokens


Source: youtube/Meritt Protocol

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