REVIEW PROJECT BLOCK66

Do you need a mortgage loan?

Block66 believes that it has a solution

After a rather original post or at least I think on Fantasy, today we are moving to a sector that is very dear to me, and of which I understand, of course, more than a tough world. That is a financial one!
Let's start with the question: asking for a loan today is quite complicated, especially because without securing a certain amount, it is almost impossible to get the amount you need. Logical connection, blockchain can solve this problem!

Block66 (https://block66.io/) is certainly not a new idea, in fact, during 2017 there were a lot of ICON, who attacked the same problem.

The platform is simple enough to explain: you need a mortgage loan? A perfect, small check of the ZSK, and you enter the platform where you can view all available mortgage offers and choose the one that you prefer.

Since we are in classical decentralization, mortgages are offered to investors, so it is very likely that the interest rate will be decided directly by investors, which is actually good, because it allows for more offers.

I believe that the platform follows many previously submitted models and therefore you can decide how much to give, the interest rate value, and probably also the time frame, so if you want to be paid every week or month, etc.

Technically, brokers should direct their customers to the platform, this allows the team to focus on partnerships rather than pushed marketing. At this point, the user has to upload some documents, do a check on the ZSK (via Civic most likely), and you're done.

How it works?
Brokers help borrowers identify themselves on the Block66 platform and after they have full access to all information for borrowers' advice. Borrowers provide full information to the platform, such as monthly expenses, regular income and other information. With the help of third-party APIs (for example, KYC is used to verify the identity of the borrower, the API of banks - it helps to get credit history, etc.), the Block66 platform checks the borrower and the files provided to them. In some cases, the documents will be checked by virtual underwriters, in exchange for BNET tokens, which will be paid by brokers or borrowers. BNET - ERC20 tokens, which are used for payment in the Block66 ecosystem. The production and sale of BNET tokens is the main revenue generating mechanism for Block66. Paid tokens BNET will be burned and removed from circulation.
After creating the account, borrowers are provided with a crypto-currency account that will be used to pay off the mortgage and will link the normal banking system and the Block66 ecosystem.
After the mortgage is issued on the Block66 platform, a smart contract "proof-of-loan" (PoL) is created, which will store all information about the loan and the parties' agreement. The lender can trade in parts and shares of loans, which will provide liquidity and the Block66 platform can become an attractive tool for investors.

Conclusions

This time I wrote a rather short article, because to be honest very little to say about it, this idea may or may not like. But the project is very promising.

You will find all important information here:
Website: https://block66.io/
Whitepaper: https://drive.google.com/file/d/11ZevZaCwYSG_0iv8On810w3Sjj2E5FLq/view
Twitter: https://twitter.com/block66_io
Telegram (News Announcements): https://t.me/block66_Official
Facebook: https://www.facebook.com/Block66Official
Bitcointalk: https://bitcointalk.org/index.php?topic=4686847

Author:
Telegram: @Alex14BBC
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2382322
Bitcointalk Username: a.shabanov
Username Bounty0x: ashabanov