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AssetStream Creates Trust and Security between Borrowers and Lenders

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AssetStream Creates Trust and Security between Borrowers and Lenders
Source: AssetStream

The beauty of blockchain is that it’s steadily making its way through communities and now seeking to engage 1.7 Billion unbanked productive individuals through making funds accessible to micro, small and medium enterprises.

By using blockchain technology for microfinancing, AssetStream will create a layer of trust and security between borrowers and lenders. It is a new paradigm of the finance business to connect with the individual lender while enabling a new source of finances for small enterprises to fuel global economic growth anywhere, anytime.

With 139 million clients and a credit portfolio of USD 114 billion in 2017, microfinance has reaffirmed its position as a key tool in the financial inclusion of marginalized populations.

The global microfinance market is anticipated to witness steady growth over the forecast period [2017 to 2025]. This growth can be attributed to the rapid rise in the number of small and medium enterprises [SMEs].

Developing markets will drive expansion, a trend expected to continue until [and perhaps beyond] 2022, by which point the IMF expects annual growth for this group to have reached 5%.

Why is AST [AssetStream Token] bound to be mainstream?

Microfinance is not only another asset class but also a powerful contributor to the alleviation of global poverty. By maximizing their social and financial performance and preserving a focus on the low-income clients they were created to serve, AssetStream seals the gap for an attractive and underserved market opportunity and intersects with their specialized expertise.

AssetStream will create their own rating criteria and it will be divided into a personal loan and business loan. Lenders will sift through available “Loan Contracts” manually and can opt for the automatic system through AssetStream autonomous matching system.

AssetStream will scrutinize all credit ratings for SMEs as the loan will comprise of a higher amount. Some features include the following:

  • The manual method for lending consists of a lender handpicking a loan application from the platform.
  • In an automated lending process, the lender sets up a certain criterion for his ideal loan and the system will find projects that match and are in the fundraising phase.
  • Examples of criteria are minimum credit rating of the borrower, minimum interest rate, maximum duration of the loan, maximum lend out the amount.
  • Automated matching is not yet available. It is still under development
  • The credit rating of small and medium enterprises will always be done manually but for individual borrowers, it will happen automatically.
  • If individual borrowers are not satisfied with their credit rating or they can choose for a manual credit rating. This manual credit rating will have a fee in ASD token.

What’s On the Horizon

Small scale producers who may be using only hand tools to make furniture, metalworking or small scale food production will see their daily output increase permanently not by 10% or even 50% but by many times after purchasing simple pieces of equipment like electric saws, sanders or larger stoves and ovens.

At the same time, for such producers, the cost of the equipment and therefore the interest burden can be an insignificant part of their total expenses.

Up until the turn of the century, financial institutions did not see value in serving those at the bottom of the economic pyramid. They couldn’t see how 1.7 billion people could translate into meaningful profits. But AssetStream is ahead of its time. On the blockchain.

AssetStream Highlights

AssetStream recently signed an MOU with Max Property Group [MPG], an international property investment company. Max Crowdfund is a crowdfunding platform and together with AssetStream, projects on massive numbers of their communities to support direct integration of their blockchain platforms.

250+Million Members applaud as the English Learning platform English Forward entered into an MOU with AssetStream to access microfinance resources for its teachers and learners community.

Finally…

AssetStream’s full beta platform is live and ready. The platform’s transactions are on the blockchain. To know how the whole ecosystem works, see the demo on the website now.



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Guest Post

After the Wild West, the Next Generation of Crypto Companies are Advancing the Industry

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After the Wild West, the Next Generation of Crypto Companies are Advancing the Industry
Source: depositphotos.com

Back in the ICO boom of late 2017 and 2018, it was too easy for anyone to enter the crypto space with little more than a white paper and a sales pitch. However, once their ICO was over and the spending sprees started, even the most well-intentioned projects struggled to sustain themselves. A quick browse through Deadcoins shows that many simply burned through their funds and ultimately never brought a product to market.

Now, the crypto market is starting to grow up. The community has been burned by too much hype around useless niche products too many times. Therefore, the pressure is on tech startups to demonstrate they have solid business acumen together with a sustainable plan for the future.

As more and more Mainnets launch, there is also increasing recognition of the importance of interoperability. A standalone product is like a lone tree in a lightning storm, prone to being hit.

Interoperability means becoming an integral part of a thriving blockchain-based ecosystem. Those who understand the importance of developing this ecosystem are the ones who stand the best chance of surviving in the long term.

Here’s an overview of three companies with a strong focus on playing the long game and driving towards an interoperable ecosystem.

Polymath

A significant factor that led to the explosion of ICOs in 2017 and 2018 was the existence of the ERC-20 token standard. Now, regulatory clampdowns mean ICO’s will be treated as securities. Therefore, many startups are turning to the security token offering (STO) as a means of crowdfunding.

Polymath is aiming to replicate the success of ERC-20 through its own offering, the ST-20 token standard. This provides a compliant means for founders to fund their visions, and as it stands, over 100 tokens have already launched using Polymath. It’s a complete turnkey solution for running an STO without falling foul of the regulators.

At the recent Consensus 2019 event in New York City, Polymath confirmed that it will develop a separate blockchain for regulation-compliant tokens with Ethereum co-founder and Cardano developer Charles Hoskinson.

Polymath also operates a treasury. The company has locked up 75 million of its own tokens for five years. This treasury approach provides a long-term, sustainable option for funding future endeavors.

ChangeNOW

ChangeNOW offers non-custodial crypto exchange services without limits or registration required. Using ChangeNOW, a user can trade in their chosen cryptos in just five easy steps with no hassle. They simply select their tokens for selling and buying, and the interface determines the best available rate at the time. The user receives the address for sending funds and provides their own address for receipt. It’s that simple.

ChangeNOW is working hard on establishing many partnerships across the crypto landscape. It has relationships with exchanges including Binance, Bittrex, and Bitfinex, and wallet providers such as Ledger, Trezor, and Atomic Wallet. The company recently received the endorsement of Binance CEO Changpeng Zhao (CZ) for it’s NOW token to become one of the first listed on the newly launched Binance DEX.

The company has also been rolling out a series of innovative features for its users. It now offers a zero-fee public Lightning node, which enables instant payments and cross-chain atomic swaps. It also has a service called NOWpayments, which allows vendors to start accepting cryptocurrency payments through a native integration to their platform, or through a widget.

For startups which want to swap out their ICO tokens to ones issued on their own main net, ChangeNOW also offers a dedicated token migration service. Finally, in keeping with the growing trend of exchanges operating a loyalty program, ChangeNOW will also be opening up its VIP Lounge, which provides premium benefits to members.

LiquidApps

LiquidApps exists to remove barriers to dApp adoption, both for users and developers. It’s achieving this through the operation of its DAPP Network, the backbone of which is the Dapp Service Provider (DSP) and the DAPP token.

A DSP can be any individual or entity which meets the requirement for becoming an EOS block producer. A DSP can then sell services over the DAPP Network in exchange for DAPP tokens.

LiquidApps is rolling out services thick and fast. The first was vRAM, which is compatible with EOS RAM but without the limitations and consequent supply-and-demand challenges of the latter. Next up was vAccounts, which allows developers to offer a dApp-specific account for new users, removing the requirement for users to have to buy RAM to open an EOS account.

Now the company is offering a host of new services, which includes the potential for inter-blockchain communication with its new ChainOracle XIBC service. It allows developers to bring in sources of external information (for example, from other blockchains or even the internet) to their dApp, which has previously been challenging due to the deterministic requirements of a blockchain. Using the LiquidApps solution, external data can be verified by a DSP in such a way as to retain the integrity of the network and root out bad actors.

By enabling communication between blockchains in this way, LiquidApps is aiding the development of an interoperable ecosystem. In turn, the company is carving out a role for itself in that ecosystem long into the future.

Summary

These three companies are leading the way in taking a long-term view alongside working to build a flourishing blockchain ecosystem. These developments are reliable indicators that the days of the crypto wild west are coming to an end, and the sector is now entering the next stage of maturity. This growth can only work for the benefit of all participants.

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