Blockchain has proven to be very useful. This technology has stood out as transparent and very secure. Consequently, It has gained huge acceptance and adoption, and various institutions, businesses, existing and emerging projects are leveraging on this decentralized, revolutioized technology to drive their concepts and existing products to the next level. One of the industries benefiting from blockchain technology is the fintech industry, Through blockchain technology, smart contracts and distributed ledgers businesses and private individuals are making use of blockchain technology towards financing and lending online.
It is my pleasure to introduce you to "VIAZ", a decentralized funding platform, that connects it's users, and acts as a form of connection between the cryptocurrency sphere and our day-to-day (fiat) currency.
INTRODUCING VIAZ
VIAZ is a decentralized application running on the Tezos blockchain. It is a decentralized platform that taps global decentralized environment and uses smart contracts and distributed ledger technology to automate and make transactions easier on it's platform. Services offered on the platform includes crypto backed loans and home backed loans. Viaz looks to take out the hole between the loan specialists and borrowers of cryptographic assets of money and fiat and in doing such, make the cryptocurrency ecosystem favorable for both cryptocurrency and fiat users. In Viaz you can borrow fiat loan by collateralizing crypto, Viaz don't check your credit score before providing you a loan, There is a fixed and economical rate of interest all around the world, In the near future "Viaz" going to provides Home-baked loans and, Unsecured loans. As "Viaz" platform will be based on Tezos and exploit the progressed DPoS convention and brilliant contract layer. "Viaz" will utilize a blend of various dialects to build the "Viaz" platform and use various "accepted procedures" to guarantee our stage is secure and productive, "Viaz" will issue cards for borrower which can be used across anywhere in the world.
VIAZ AND TEZO
As earlier stated, Viaz is powered by TEZO; a blockchain project that is revolutionizing blockchain technology through its on-chain governance that promises an innovative self-amending distributed network. TEZO is a permissionless network that improves previous generations of blockchains such as bitcoin and Ethereum. TEZO started its ICO in 2017 and was able to raise $232 million dollars towards the development of its blockchain and management. VIAZ plans to tap on the technology provided by TEZO towards developing its platform on the TEZO blockchain and make use of this features such as TEZO smart contracts and distributed ledgers towards providing the first peer to peer lending platform on TEZO blockchain
HOW VIAZ WORKS
When a borrower posts an advance, a shrewd contract is made by the stage and the credit is recorded on the Tezos blockchain record. Loan specialists will at that point get the opportunity to offer on the distinctive financing openings relying upon the financing costs. In situations where the moneylender needs to finance the advance at higher loan costs, they can do as such and acquire higher loan costs. The credit reimbursement by the borrower will be through the Tokens of the Viaz stage. Viaz naturally issues clients with a fiat and crypto wallet once they join on the stage. Through the wallet, clients could deal with their portfolio and exchange assets on or off the Viaz decentralized ecosystem.
MERITS OFFERED BY THE VIAZ ECOSYSTEM
¶ Availability: The day by day tasks of the Viaz platform are increasingly available contrasted with the conventional loaning frameworks, as its highlights are perfect with IOS and Android working frameworks. In this manner, clients can utilize the Viaz versatile application from their gadgets for nothing out of pocket.
¶ No Taxes: Contrasted with the present loaning frameworks and organizations, Viaz will be less expensive as borrowers won't need to make good on government obligations on the obtained cash.
¶ Hazard Free: For borrowers to post advance demand on Viaz, they should vow a specific measure of guarantee. This shields the loan specialists from the danger of losing their cash in the event that they default.
¶ No Fees: Clients are not required to pay any join, month to month or upkeep charges to Viaz. The platform will produce pay for itself by deducting a little rate from the enthusiasm on all advance reimbursements.
¶ Secure: The Viaz platform works on the Tezos blockchain organize that is monetarily secure, as it records every one of the exchanges on its record that isn't alterable or open by outsiders. Also, Viaz gives clients a cryptocurrency and fiat wallet that makes it workable for them to safely store their assets, deal with their portfolios, and exchange reserves.
MEET THE AMIABLE VIAZ TEAM
PROJECT TIMELINE
CONCLUSIVELY:
As it stands, the limits that exist in the customary money saving industry have made it hard to make a center ground between digital forms of money, fiat, and value. In any case, Viaz will separate these boundaries and interface advanced resources, value, and fiat in manners that were recently esteemed unthinkable. This will result in the formation of increasingly worldwide associations and strengthening of people to take control of their budgetary fates. This project aims to tap the global decentralized environment, and to use smart contracts and distributed ledger technology to automate transactions on it's platform. VIAZ aims to achieve this by offering crypto backed loans and home backed loans.
The website and Whitepaper of this project are available for a better grasp of the benefits of this project. Also, please do well to visit VIAZ on their social media handles.
Website:
https://viaz.io/
Whitepaper: https://viaz.io/documents/Viaz-Whitepaper_EN.pdf
Twitter : https://twitter.com/ViazOfficial
Facebook : https://www.facebook.com/viazofficial
Medium: https://medium.com/@ViazOfficial
Reddit: https://www.reddit.com/user/ViazOfficial
Youtube: https://www.youtube.com/channel/UC0T2NqXgg8Tki9s0Osi2E3w
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