LENDLEDGER: The Simplified platform for the informal sector and for billions of people without identity and banking facility
Introduction
The business sector is divided into two categories; the formal sector and the informal sector. While the formal sector gets all the benefits of the free market, another sector has to struggle for the basic service. The one thing that creates a life for an individual in the modern world is the identity. Due to lack of identity, they are faced with the challenges of daily existence in the market. The businesses in this sector are not able to raise credit for the growth of their sales and operations.
They employ a large number of the population, yet they are out of the safety net of lending and credit. The lending gap in the market has widened considerably forcing users to adopt the alternative path for the development of their business. Loans for small business and a small family is not easily available, and that excludes them from the formal economy. Do you think we can create solutions for the informal sector and business?
Solution offered
LENDLEDGER is here with a perfect solution as it connects directly lenders to the borrowers. Built on the distributed ledger technology, this platform aims to create an open and transparent framework for lending for everyone in the market. The most important elements on the platform are the data usage. The data usage policy on the platform is open and transparent. People have control over their data, and they can decide to share their data with the particular solution providers. The protocol on the which the platform is based is available as API that easily connects the service providers to the users. Other entities on the platform are the credit evaluators, who provide loan recommendation to the users.
Creating a real and authentic profile on the platform is the first step to get the loan. The lender on the platform is provided with all the data and information about the borrower for making an informed decision about the lending. The services offered on the platform are very unique and future ready. Stellar decentralized ledger is utilized on the platform for fast data exchange and transfer between the participants.
ICO INFORMATION AND TEAM
960,683,761 LOAN Tokens are created for the project. 45% of the tokens are reserved for the token sale. The dates for the token sale will be announced shortly. The funds will be utilized for the technology development and network growth. The team working on the platform is experienced in the field of banking and blockchain technology.
Conclusion
Despite being the backbone of the economy in many countries, especially in the developing countries, they face a lot of challenges in the market. People working in the area are also confronted with various difficulties in their daily life. The trillion dollar untapped market must be gained by the blockchain technology, as we have already seen the performance of the traditional banking and financial institutions.
The billions of people still live without an identity and a secured financial life. It is our duty to create opportunities in the market for their growth and development. I think that people working in the informal sector will be greatly benefitted with the introduction of the platform. Lending and borrowing will be much easier. What do you think about the solution presented by the platform? Are you ready to be part of the transformation and development?
Website- https://www.lendledger.io/
ANN- https://bitcointalk.org/index.php?topic=4424652.0
Published By- Kishan748
Btalk Profile- https://bitcointalk.org/index.php?action=profile;u=1027561