Mei 27, 2018

Mensarii - Decentralized Credit Union For Cryptocurrency

Mensarii - is a decentralized platform that aims to help consumers and merchants overcome the obstacles of a traditional banking industry. With a blockchain validated system, the inbuilt error and malfeasance of old-fashioned bank processing can finally become a thing of the past. Mensarii will achieve a comprehensive decentralized risk management process with a dedicated platform that will, with the help of blockchain monitoring and machine learning technology, attempt to identify fraud before it becomes a systemic problem.

Mensarii will use technology ethereum blockchain for efficiently facilitate full transparency of any disputed payments within the Union and bring greater transparency to the market in terms of both processing fees and fraud by building the first decentralized platform that interacts with the Ethereum blockchain for settling payment processing like Visa, MasterCard, SEPA, Foreign Exchange, China Union Pay, ETH, LTC, BTC and many other payment methods. Mii introduces a multi-tier governance for decentralized applications. The decentralized application (Dapp) will have a governance model controlled by its members. Proposals for changes can be requested by any member, and approved by the DAO elected representatives. It will then require a vote by union members who are in good and active standing.

Benefits Of MENSARII To The Consumers

Mensarii will provide a customer login refund/cxl/complaint portal where they can dispute charges using a smart contract protocol. The Consumers can log in and dispute a charge that appeared on their bank or credit card statement. Consumers will also be assigned a consumer identification to provide a scoring system of trust. If fraud happens for a certain number of instances, then the consumer would have a lower score. This scoring system is established to protect the card issuers.

It is a Decentralized Dispute System

The Ethereum blockchain is used to efficiently facilitate full transparency of any disputed payments within the Union. The Mensarii Coin backs those reserves via smart contract with an open dispute resolution center. All chargebacks handled on the blockchain are tied into the Global Pay ID.

The advantages of the Decentralized Dispute System are :

· It has an End Transactional laundering.

· It Handles chargebacks via smart contracts to become.

· It is transparent and tied to the global ID.

· It Protects the customer.

· It Protects Customer and Merchant Funds.

· It has an End Card Running.

· It Builds customer confidence.

· It Protects the financial institutions..

Mensarii will follow a decentralized governance model. Mii coin will introduce a multi-tier governance for decentralized applications. The decentralized application (Dapp) will have a governance model which would be controlled by its members.

Hassle - Free Fraud Protection