How ethecalTM Works
The ethecalTM ecosystem of users
ethecal is an ecosystem in which users and technologies combine to deliver a cheaper and more sustainable way to help eliminate the downward spiral of debt. It provides safe, fair, and manageable credit access to low-income workers who would otherwise have no alternative but to turn to high-host credit such as payday loans.
ethecalTM End Users
ethecalTM Service Providers
ethecalTM Local Councils
The ethecalTM Platform Technologies
The ethecal platform, built on block chain and run on smart-contracts directly connects users to providers
ethecalTM Blockchain Based Platform
ethecalTM Wallet for Consumers
ethecalTM Customer Risk Assessment
ethecalTM Smart Contracts
ethecalTM Automated Bill Payment
ethecalTM Wallet for Providers
ethecalTM Affordabilty Index
ethecalTM Automated Salary Deduction
The ethecalTM App
Key user benefits are:
- Complete Control: Users can create unlimited sub-wallets to empower budget management.
- Easy Rule Definition: Users can write their own rules like – “When my housing benefits comes in move it to the Housing Benefit wallet and then pay it to my Housing Association on the 1st of each month”
- Independent validation of identity and repayment affordability
- Users perceived as lower risk and can access credit that would otherwise be unavailable or high cost.
- Simplified applications of contract based products like insurance, HP, phone contracts, etc.
- Access to special rates offered by ethecal suppliers through the app platform.