ICO Block66 Review
ICO Block66 - an innovative mortgage lending platform, built on the basis of blocking technologies. The introduction of artificial intelligence into the traditional model will improve the quality of the system, increase customer confidence and ensure transparent cooperation between banking organizations and consumers.
Experienced crypto experts work on the platform:
• D. Markham (co-founder, CEO);
• J. Tackett (co-founder, director of procurement);
• K. Miszakowski (co-founder, Chief Operating Officer);
• K. Lamson (developer);
• V. Karangutkar (developer) and others.
The team also includes experienced advisers:
• S. Lavin (Director General of Ethos);
• H. Thompson (general director of the Stem credit system);
• P. Moretti (CEO of Crypto Realty Group) and others.
Features and main objectives of the project
Block66 is a new decentralized platform designed for mortgage lending. Developers integrated it with artificial intelligence, which led to the creation of a sufficiently powerful system, which provides much more opportunities than the traditional model.
The creators are sure that the project will make mortgage lending more transparent, which will increase its effectiveness. Now everyone can use the services, regardless of his location.
A mortgage loan can be taken by each holder of the tokens. It can be used by individuals and legal entities. The platform will be able to interact with lenders, borrowers, and brokerage partners.
Smart smart contracts are laid in the work of the system. The loan can be issued on favorable terms for the borrower and at any time. Terms are always public. Before submitting an application with them, you can read it in detail.
Thanks to the use of crypto currency, Block66 does not require:
• a large number of documents required for approval of the loan application;
• personal address to the bank;
• guarantors.
For the system it does not matter where the borrower lives, where the lender is. Both parties can interact at any time, no matter where they are.
Thanks to the new platform, borrowers will be able to take advantage of fair and fair loan terms, choose a more profitable offer. The decentralized system will benefit both parties - banks and borrowers, resulting in increased efficiency and quality of the mortgage industry.
What the platform provides:
• take a mortgage loan;
• choose a lender, analyzing its work, conditions;
• choose favorable loan terms;
• to process applications from any point;
• Make loans on transparent terms;
• borrowing, regardless of credit history;
• use minimum loan rates.
The use of smart contracts makes the marketplace more optimized, efficient and transparent.
DTF technology ensures the security of the main loan agreement. The system contains PoL tokens. Holders can use them as loans and to pay for various services on the platform.
The ICO infrastructure is a tool for decentralized applications. It is built in the ecosystem of the Etherium. The work of the platform uses proof of location, credit report, licensed verification and control of registration data. So, to access the system it will be necessary to specify certain information, after which it will scan all the data. Such control will minimize the cases associated with fraud.
The new project solves many problems. First of all, it will help reduce the necessary criteria for issuing a mortgage loan. As is known, because of the global financial crisis, it was necessary to increase the number of claims for a loan. As a result, the majority of consumers who are not suitable for credit conditions and credit organizations suffer. The latter suffer losses because of unprofitable business.
Benefit from the launch of the platform will get everything - borrowers, lenders, brokers, investors.In addition, loans will be able to issue not only large companies, but small credit organizations.
Thanks to the decentralized system, the platform will not depend on the central bank's indicators and currency fluctuations.
The main advantages and prospects of the novelty
Block66, according to its developers, will change the modern system of mortgage lending. First of all, it will give an opportunity to get credit to all creditworthy people who for various reasons do not want or can not take a loan (bad credit history, inconvenient location of the bank, disadvantageous conditions, poor awareness, etc.).
The platform will appeal to many credit organizations, as now they will be able to attract the largest number of borrowers. Brokers, in turn, will be able to assess the credit property, contracts, scoring.
So, among the main advantages of new items are:
benefit to all participants;
transparent and fair conditions;
Scalability;
the ability to issue and register a loan at any time and in any place;
a good security system;
Fast transactions;
Decentralized working principle (independence from state banks);
convenient and intuitive interface;
protection from scammers;
simple algorithm of operation;
universality;
Support on all types of devices.
Many cryptanalysts respond positively to Block66. The platform already has competitors in the credit system, but the less it can be safely considered, since it is not inferior in performance and functionality. The novelty has already interested many. It offers favorable conditions for cooperation, differs transparency, it can be called fair unlike today's traditional models. Do not forget to subscribe to my channel and leave comments about my reviews. I will be glad to answer you not all questions!
Website: https://block66.io/
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