Banking and financial service products are frequently sold separately and are usually costly, leading increasing numbers of Millennials to abandon these traditional offerings in favor of digital alternatives: apps handling everything from payments to algorithmic trading to lending, like Venmo, Quantopian, or Lending Club. Yet even these apps, similar to products banks and financial service firms sell, are limited in their utility, and all too often offer no bundled features or inter-app functionality. In addition, due to the effects of the Great Recession between 2008-2010, Millennials have experienced poorer financial health than baby boomers, resulting in diminished financial independence for the generation thus far. This suggests that Millennials would benefit from using apps facilitating and incentivizing financial interdependence, aiding them in achieving greater financial health in an interconnected way, because Millennials want an easy, decentralized system for transacting that they can trust. Thanks to blockchain technology, that solution exists.Valorem Foundation, the community peer-to-peer platform for multi-party transactions, is launching soon. It is a new blockchain-based platform that allows users to exchange value via smart contracts. Once on the platform, users can borrow, lend, invest, transfer, and exchange money between each other, creating a trust-based platform that removes the need for 3rd-party services or external vendors.Valorem’s leading service is its lending platform. Once logged onto the Valorem Platform, a user can post to the community a request for a loan. Community members within the platform can see the request and respond with offers, with borrowers having as many lenders—fractional or whole—as they want or need. In addition, when borrowers on Valorem’s platform take out loans, lenders can hedge their default risk by buying insurance via the platform. This allows trust to be built platform-wide, while also stabilizing value across the entire cryptocurrency.“There’s just no transparency as to how financial institutions operate, especially since the Recession, so it’s been a long time in the planning to create a trusted platform allowing people to help other people. [Valorem’s] closed ecosystem is a game-changer [which] forces people to invest smarter […] make smarter choices about life, finance, growth, and gives individuals the financial viability, education, and tools needed to succeed in the marketplace”, says Val Kleyman about Valorem Foundation.One of Valorem’s products, the Microloan, has been quite successful because of the platform’s risk distribution system and foundation on smart contract-based functionality. Its feature of spreading loan default risk over multiple people forces people in the Valorem community to make smarter choices about buying products like cars, student loans, and insurance.