Introduction:
Blockchain has been a boon to mankind in every aspect. Technology has allowed us to carve out a life for ourselves that was not even considered possible before. Blockchain has taken that to a higher level and has enabled us to find solutions to problems that were previously considered unsolvable.
I have always been a fan of technology and the wonderful way that it can connect multiple people. Whether it be solving a previously unsolved problem or finding an out of the box solution for existing problems. The sheer reach of technology is enormous, and with internet and blockchain by our side, all the major problems can be solved.
The Problem:
Banks have a monopoly in the current financial industry when it comes the practice of disbursal of loans. Well documented, salaried individuals and people with healthy credit scores are the preferred customers when it comes to loan disbursal. Small time businessmen or traders are often totally overlooked or ignored by the system. Ironically, it is these small time businessmen who need loans to take their trade or business forward. Our current system is flawed. We need a platform that can deal with this existing problem and address it once and for all.
The Solution:
The LendLedger Project will change this industry once and for all. With a state of the art blockchain based platform that will determine the credit scores of individuals depending on their habits of loan repayment, the LendLedger Project will eventually open the doors wide for a passage to a trillion dollars loan disbursal industry worldwide. The data of each borrower will be stored securely within the ultra secure blockchain network, which can be accessed on a need to know basis.
The team and the ICO:
The team leading the project aims to fund the initial development, maintenance and general outreach through an Initial Coin Offering (ICO). Investors can buy the official token by participating in the ICO. The token will be used for all transactions performed across the ecosystem. Investors can exchange their tokens for other cryptocurrencies through major exchanges. The token is based on the Ethereum blockchain and is a standard ERC 20 token. Investors can claim their share of profit from the mining pool through a small investment in the Initial Coin Offering (ICO).
The team has multiple years of experience across several sectors. The board of advisors to the project bring in world class strategy to the project. Together, the team can easily deliver on what it has promised. It will usher in an era of unprecedented growth in the already booming cryptocurrency and blockchain space.
Conclusion:
The LendLedger Project is focusing on a niche area that is ignored by most of the centralized financial institutions. Blockchain is all about decentralizing the existing economy. The mere essence of blockchain is to take a domain, make it decentralized, while still maintaining security features as well as transparency. This will change the loan disbursal industry forever. Lots of small time traders as well as businessmen will be benefitted by this. I trust in the team leading the project. I truly believe that this project will be one of the top blockchain based projects to watch out for in 2018!
Website - http://lendledger.io/index.html
Whitepaper - http://lendledger.io/images/LendLedger_TechPaper.pdf
Telegram - https://t.me/LendLedger
ANN - https://bitcointalk.org/index.php?topic=4424652.0
Published by - dannywhelan
Btalkprofile - https://bitcointalk.org/index.php?action=profile;u=1606458