Аbout the client:
Celo creates a mobile-first platform that makes financial tools accessible to anyone, connects people globally and brings financial stability to those who need it most.
Celo is a platform that is open and open-source, allowing for an ecosystem of powerful applications built on top, including easier cash transfer programs, peer-to-peer lending, collaborative small-scale insurance, and other digital assets and wallets.
What was the blockchain solution:
Celo is a mobile-first blockchain aiming to bring financial inclusion tools to underserved markets. Celo is a proof-of-stake based blockchain with smart contracts and a stable cryptocurrency pegged to the US dollar. The technology uses a phone number-based identity system with address-based encryption and an eigentrust-based reputation. Celo is backed by Andressen Horowitz, Coinbase, Polychain Capital and Reid Hoffmann among others.