AssetStream is a team of experts that have vast experience within the emerging market. By leveraging on the blockchain, it aims in reducing poverty and bringing financial inclusion by providing the unbanked people with access to financial services. We will expand it to a full Peer to Peer(P2P) network which will involve the local communities that can take personal loans. The AssetStream purpose is to create an extensive micro-financing ecosystem and will raise financial awareness among our clients through consulting services and educational materials. We will be able to bring financially excluded people to the new global economy through blockchain. AssetStream’s platform will be able to include the following benefits:
- Credit Rating and Badge System: A badge system will be provided to represent borrower behaviour. This will reflect the credit rating system of the borrowers. For example, if a user has several good behaviour badges, such as, paying the loan on time, compared to a user who has a bad behaviour badge such as, defaulting on loans, the lenders’ sentiment might lean towards lending borrowers with good behaviour badges.
- Immutable credit data: Borrowers will not be able to reverse or erase their credit history.
- Transparency: AssetStream’s smart contract operates in real-time and expected obligations are transparent to all involved parties.
- Two options for Lenders are provided in the platform
- Handpicking: The lenders have a choice to decide which borrowers get the loan based on the borrowers’ criteria.
- Automatic matching: The lenders will trigger a matching system when they fill up the desired criteria they want for the loan and AssetStream platform will match the criteria to the specific borrower.
- Lower transaction costs: AssetStream’s platform will be using the existing infrastructure and will bring out convenience for borrowers living in rural areas. This will lower overhead and transaction costs.
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 the global economic growth anywhere, anytime
THE TEAM MAKING IT HAPPEN
ADDITIONAL REWARDS INVOLVE IN INVESTING WITH ASSETSTREAM MICROFINANCE
Written by CLETUS HABILA