VIVA NETWORK offers a peer-to-peer and innovative blockchain financial technology platform where decentralized mortgage financing are carried out through direct connection between borrowers and investors.
VIVA NETWORK - STRENGHT include
• The platform offers a decentralized home financing that can be easily accessed by people from all works of life.
• VIVA platform eliminates the need or middlemen or any other intermediaries such as financial institutions from its mortgage system which enables the user to acquire assets easily. By elimination of the intermediaries, transaction fees and interest rates are significantly reduced.
• The platform can be easily and readily accessed with the use of mobile phone through mobile app application.
• The platform enables middle and even low-income earners to participate in mortgage investment. Any registered member who can afford as little as $100 can become a mortgage lender.
• It offers members the option of diversification of their investment portfolios so as to reduce exposure or individual risks.
• The platform provides a comprehensive information on the risk level associated with the assets including pictures or images of the property to enable member take an informed investment decision.
• The platform uses the unique peer-to-peer functionality of blockchain technology to connect borrowers directly to investors or lenders.
• The platform through Fractionalized Mortgage Shares enables investors to pool funds together and crowdfund mortgages of homebuyers thereby making the process easier and faster.
• The loan application and approval process in VIVA platform very simple and paperless thereby making the process more efficient. Approved funds can be secured in a matter of days on VIVA platform.
• The platform uses an innovative Real Value 2.0 application (RV2) to provides an accurate, fair and impartial valuation of homes for users.
• Users information, data, and transactions are secured and encrypted with the use of blockchain technology.
• The platform is created and managed by a good number of experienced team with relevant skills and experiences.
• VIVA Network’s whitepaper is well detailed thereby providing clear and adequate information to users and members of the platform on the features of the platform as well as the benefits of the project to the mortgage industry
They Include:
• The Viva tokens, like other cryptocurrency, are neither government-regulated nor insured.
• Since Viva token is a digital currency, the loss of wallet password or private key by a token holder could mean the loss of the currency.
Even with the above weaknesses, which is peculiar with cryptocurrency generally, the cryptocurrency community is still experiencing tremendous growth on daily basis.
PERSONAL OPINION / RECOMMENDATION
• I recommend that the Viva tokens acquired either through ICO, Airdrops, etc, should be insured to prevent any loss.
• Cryptocurrency blockchain wallets should have password or private key recovery features to enable one recover his or her account whenever password loss occurs. (Although, this is subject to debate as this feature could create some security loopholes which hackers could exploit)
CONCLUSION
VIVA NETWORK platform will simplifies and redefines the way mortgage industry and home financing should be carried out. It will set a standard for future mortgages and will make loans easily, transparently, and securely available to the users. I would definitely invest in this project as it is promising wita h high prospect for returns.
Official Sources of VIVA Project:
VIVA Website: http://www.vivanetwork.org/
Ann Thread: https://bitcointalk.org/index.php?topic=3430485.0;all
Telegram: http://t.me/Wearethevivanetwork
Whitepaper: http://www.vivanetwork.org/public/lib/whitepaper.pdf
Authorship:
My Bitcointalk Username: dontigana
My Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2164200
My ETH Address: 0x8673a6a7E1edc34B5F8d50eE8E15CcDd3b96AaEC
