Lending Protocol TrueFi Issues Notice of Default to Invictus Capital for Failing to Repay Loan

2022-11-3 00:07

Archblock, the underwriter of the loan, will join the court-advised liquidation process in an attempt to recover assets for investors.

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Spring Labs To Create Blockchain Registry For $5.6B Energy Loans Market

Spring Labs, a blockchain-centered startup has acquired a license to track the liens registry in the $5.6 billion energy-efficiency loan market using DLT, reported Bloomberg. The main goal of the startup would be streamlining the loaning process using the decentralized tech to cut frauds and increase overall efficiency. As per the deal, four lenders under […]

2019-10-1 19:50


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South Korea’s Shinhan Bank Introduces Blockchain Platform for Document Verification

South Korea’s Shinhan Bank has announced the introduction of a blockchain system that replaces the manual verification process of documents, according to a report by CNB Journal. The blockchain system has been applied to the Shinhan Doctor Loan product aimed at medical professionals and considerably reduces the time spent to verify documents such as certificates […] The post South Korea’s Shinhan Bank Introduces Blockchain Platform for Document Verification appeared first on Coinjournal.

2019-5-28 13:56


Telangana Government in India is Set to Utilize Blockchain to Help Unbanked Get Credit Scores

In order to empower the unbanked, Telangana, India, has collaborated with Cognito Technologies, a UK-based startup, to offer credit ratings to the population. Speaking about the initiative, the co-founder of Cognito technologies, Murali Muhan Duvvuru said that: “In phase-1, the entire process of loan disbursement and repayments will be recorded on Blockchain ledgers using smart […]

2019-1-14 08:30


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BMW To Test Blockchain And Smart Contracts To Simplify Car Buying

BMW is partnering with blockchain startup Bloom to simplify the car buying experience, including streamlining the process of getting a car loan. “Bloom announces its collaboration with BMW Group Financial Services to streamline its customer journey and lending experience as part of the BMW Collaboration Lab 2018,” Bloom founder Shannon Wu wrote in a company blog last week.

2018-9-18 14:20