2018-10-2 00:50 |
LendLedger connects Lenders with untapped data to bridge the gap between financial institutions and informal Borrowers. It brings together Borrowers, Data Providers, and Lenders in an open and secure global ecosystem built on distributed ledger technology.
Through the LendLedger Protocol, anyone can join lending markets. The protocol’s APIs allow parties that don’t know each other to exchange data and value. And it uses Stellar’s blockchain technology to capture loan disbursement and repayment records in real-time. This gradually results in transparent and irrefutable reputations for all participants. By looking at the blockchain, Lenders can see Borrower behavior and price risk appropriately. LendLedger will help small businesses and informal Borrowers secure affordable credit from financial institutions. Its open standards and trusted shared ledger will increase data sharing, market interactions, and lending volumes. .
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