Lendledger The nascent crypto-economy provides a wealth of financial opportunities and benefits. Low commissions, instant transfers, transparency of transactions, quick operations, identification of assets, and much more are the advantages that now actively promote the crypto community.
Cryptoinstruments will be gradually integrated into all areas of financial activity and will operate on the basis of the blockchain. Crediting will not be an exception, already today the possibilities and schemes of crediting of the population and business by means of cryptocurrency are studied. This method carries a lot of advantages and is deprived of all those minutes, and which is the current, classic model of crediting.
The Lendledger project intends to become a giant in the financial sphere of crediting. The team invests a lot of effort in the implementation of the ecosystem, which will allow receiving loans on the most advantageous terms.
The existing financial model has a lot of contradictions, for example, one of the requirements for obtaining a loan for the development of the same business is the presence of a positive credit history. And how to take it, if this business only in the project and the implementation of its model just need finance? It turns a vicious circle. The detailed contradictions push young businessmen on not quite advantageous loans, sometimes with the help of grey and black creditors. Often this practice ends very sadly.
Lendledger is working on the mechanisms of issuing loans without requiring credit history, with meager interest and accelerated registration. With this approach, the business will finally be able to receive funding on very advantageous terms. Lendledger And if you look at this question more globally, it turns out an interesting addition. Lendledger issues Profitable credit-business due to this gets development and pays taxes-more productions, services, and so more taxes-the economy of the State receives regular tax fees, which generally has a positive effect on the economy. From this, we can conclude that projects such as Lendledger are really able to improve the economic environment.
Technically, Lendledger will operate on the basis of the Stellar network, which is specially created for financial operations. Access to the functionality of the Lendledger platform will be carried out through specialized software. The whole mechanism is simple, fast, reliable and at the same time has the lowest costs.
The project expresses a sharp disagreement with the modern lending system, explaining that a system in which one is vested with the right to control and implement a contractual obligation cannot provide a full range of claimant parties.
The project expresses a sharp disagreement with the modern lending system, explaining that a system in which one is vested with the right to control and implement a contractual obligation cannot provide a full range of claimant parties.
How will the Lendledger platform work?
The Lendledger platform includes four components that enable the ecosystem to be considered.
The first component is Data APIs
APIs records all data that is transferred between the lender and the debtor. APIs define the format of storing data in the blockchain. In the future, data APIs will be able to process a large amount of data.
The following component serves as the Transaction APIs
The latter are the "building blocks", which are built from contractual agreements of the parties of crediting.
Third, no less important element-Loan Smart Contract Templates
The first time the platform will serve representatives of small business using template smart-contracts in work. In the future, expanding the range of impact, the platform will conclude contracts with less common credit situations.
The last component of the LOAN Digital Asset platform
The internal contract unit. So to say the debt obligation of the debtor, which acts in the form of fiat currency.
The Lendledger platform includes four components that enable the ecosystem to be considered.
The first component is Data APIs
APIs records all data that is transferred between the lender and the debtor. APIs define the format of storing data in the blockchain. In the future, data APIs will be able to process a large amount of data.
The following component serves as the Transaction APIs
The latter are the "building blocks", which are built from contractual agreements of the parties of crediting.
Third, no less important element-Loan Smart Contract Templates
The first time the platform will serve representatives of small business using template smart-contracts in work. In the future, expanding the range of impact, the platform will conclude contracts with less common credit situations.
The last component of the LOAN Digital Asset platform
The internal contract unit. So to say the debt obligation of the debtor, which acts in the form of fiat currency.
Project Team
At the head of the project at the position of co-founder and CEO of the company is Gautam Ivatury. Thus, the latter is the innovator of the developing market since 2002. For long-term activity in the sphere of financing, he held managerial positions or was the founder of such well-known in the world market enterprises, as SKS Microfinance, Gates Foundation-funded
Lendledger His direct counterpart is Manish Khera. Manish has been working for more than twenty years in the banking sector, in addition to being a co-founder of the project under consideration, he is the CEO of Fino PayTech.
The company providing credit services Lendledger was created long before the project in India. Thus, acting under the trademark Happy Loans Company was a large independent point of money transfers and economic sales.
Lendledger for a year cooperated with 13 000 microenterprises located in 400 cities of India.
Long-term experience of the company and these facts already gives reason to assume that the project will find support among consumers and investors.
Conclusion
Lendledger The sphere of crediting has always been, is and will be actual. Thus, the current problems of the sphere under consideration, thanks to the idea of the Lendledger project development team, are now easily solvable.
P.S. This material is for information only and is not my recommendation. I do not encourage you to participate in ICO. The author in this article presented an objective opinion regarding the project under consideration and is not an expert in the field of technology blockchain.
Website: https://www.lendledger.io
Techpaper: http://lendledger.io/images/LendLedger_TechPaper.pdf?pdf=LendLedger%20Tech%20Paper
Telegram: https://t.me/lendledger
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