Today, all of us are somehow dependent on the availability of funds and their amount. We buy with them food, housing, vehicles, services of various enterprises and companies. And for this, we change our time to get them in the form of earnings, someone creates networks of hypermarkets, social networks, that is, they try to monetize their any actions in different ways.
Sometimes there come times when there is not enough money, or there is a desire to buy a new car, apartment and then you have to turn to the services of various banking institutions in order to obtain a loan. But the banking structure has become more rigid and makes special demands that the person was approved to receive funds at interest. I tried it and had to spend a few days to only collect the necessary documents, with some had to go to another city.
This causes difficulties, loss of time, plus the bank still makes a decision within a week, until it checks all the certificates and does not guarantee the transfer of my data to other persons, because other organizations have started to call me with their proposals with the loan. Small and medium-sized businesses are now even harder to get the initial capital to start, as they have now limited subsidies to 20%, and need 80% of their personal investments. Such a centralized system hinders the development of the entire financial system and the market as a whole.
And these above disadvantages are planned to change the project ABLE, which uses the advantages of blockchain technology and smart contracts in transactions.
It creates a global decentralized platform with the possibility of direct lending, investment, between people and organizations directly without any Bank intermediaries and territorial restrictions. Such a system will allow you to securely store your funds in your personal account ABLE in the form of tokens, track all operations when you give them to someone on credit, invest in various projects and thanks to smart contracts, all conditions are guaranteed, or if they are not met.
To date, about two billion people do not have access to financial services and this platform will solve it, carefully keeping confidential all personal data, unless the owner himself will not give access to them. In addition, there will be no various locks and restrictions on the amount of transferred amounts, and this is a time saving, I recently had to open a new debit card, as the bank blocked my account and the reason for this was that they did not like that I do not know all the data of the person to whom I sent.
Thus, the world platform of helping people to each other at any time, regardless of location, can be developed. Financial group team members represent many well-known companies such as Samsung, the Hyundai Group, SK Hynix partners and are Bitbank, Coinrail, Dow Jones, Sorainen.
The time of digital money is coming, many states are beginning to accept cryptocurrencies as a payment system, some are trying to stop it or somehow regulate it. This project will help people to understand how they can be useful for the whole society, and how they can be used to digitize various assets, services and objects, to implement around the world, improving the lives of ordinary people, who are sometimes restricted in rights!
Each user will be awarded a credit rating, showing how much he is solvent and whether it is worth it to enter into a loan agreement, no fake certificates and bribes to change the credit history here. Organizations will be able to issue salary cards to their employees with payment for work in tokens.
Official links for more details,
Website: https://www.able-project.io/
Whitepaper: https://www.able-project.io/data/AB_whitePaper_Eng_180502.pdf
Ann Thread: https://bitcointalk.org/index.php?topic=3159298
Twitter: https://twitter.com/Ablecoinproject
Facebook: https://www.facebook.com/ablecoinproject/
Telegram: https://t.me/ABLE_Project_EN
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Published by cryptohipo
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