The outstanding feature which stands blockchain platforms out from centralized platforms is DECENTRALIZATION. Decentralization was made possible by the first generation of blockchain technology which is Bitcoin, through this way, users' data is safeguarded from all manners of manipulations, in addition to this is transaction ledger where users have the opportunity to deal with each other on a peer-to-peer basis with no presence of Intermediaries thus resulting in a cost-effective transaction.
Followed closely by decentralization is Smart Contracts which was introduced by Ethereum blockchain thus making it possible for all kinds of blockchain transactions to take place as efficient as possible with no point of failure.
These amazing features of blockchain technology have made it the trending technology in the world today as all transactions take place on a peer-to-peer system, all transactions details are limited to transacting parties and all transactions are transparent.
As prior expressed, cryptocurrency has profited between people quicker transactions, less expensive and secure than banks, yet there exist a huge gap between cryptocurrency and fiat consequently making it hard for borrowers and lenders inside the two systems to correlate.
Thus the main reason why we need a blockchain-based platform which can bridge this huge gap, a blockchain platform like VIAZ.
The Issue VIAZ Aims To Solve In Current Systems
In the current centralized financial systems, in this case, banks, the administrations and services offered haven't been that well disposed of extending from debt financing to other cash related exchanges. Acquiring or borrowing cash from the banks isn't simple by any stretch of the imagination, as it requires long procedures considering financial assessments, work history and so on, in all adding up to an extremely protracted process which may not favour the person. Indeed, even in situations where the person is granted the loan, the banks still use a procedure known as amortization to keep the individual in check.
Another basic point to put into thought is that banks don't acknowledge cryptocurrency as collateral, which has ended up opening new ways for blockchain platforms for this situation VIAZ.
High wire exchange charges is another issues as in many nations like Canada and USA, it as high as $40.
In addition, the issue of high draft, cheque and money order charges has turned out to be threatening for independent and small ventures as this drafts, money order and/or cheques are kept on a five day least or minimum hold.
VIAZ, WHAT IT IS ALL ABOUT AND ITS SOLUTION
VIAZ expects to unite or bridge the gap between lenders and borrowers inside the fiat and cryptocurrency platforms by means of the utilization of its decentralized application (DApp) which is based on TEZOS blockchain.
VIAZ is a blockchain platform which will utilize smart contracts in order to do exchanges or transactions quicker, proficient and less expensive. At the point when contrasted and compared with centralized systems, VIAZ shows that borrowers stay in a direct relationship with potential lenders, along these lines making it feasible for borrowing, lending and transfers to takes place from anyplace on the planet.
In a bid to solve issues associated with current systems, VIAZ guarantees its users have access to a more cheaper and secure service which is achieved with Tezos blockchain, through which VIAZ DApp will be founded on. Also, VIAZ will illuminate the issue of collaterals with capital necessities using blockchain technology.
In the same way, since VIAZ will be founded on blockchain, that is to say, it will be decentralized thusly making it workable for its crypto and fiat users to execute deals productively through offering them worldwide services of lenders and borrowers which can be compared to that offered by banks; but with VIAZ, users will carry out their services or transaction with cell phones or PC.
CONCLUSION
VIAZ demonstrates its uniqueness in relation to centralized systems by not charging for sign-up, hidden fees or monthly maintenance charges, unlike its counterparts. Be that as it may, so as to keep up the platform, VIAZ will charge a little level of interest, which is paid with its token.
VIAZ is an exceptional blockchain-based platform with the objective of solving issues confronting borrowers and lenders by means of the utilization of its DApp, thereby interfacing cryptocurrency, value (equity) and fiat.
IMPORTANT LINKS ABOUT VIAZ
Website: https://viaz.io
Whitepaper: https://viaz.io/documents/Viaz-Whitepaper_EN.pdf
Telegram Group: https://t.me/ViazOfficial
Facebook: https://www.facebook.com/viazofficial
Twitter: https://twitter.com/ViazOfficial
Medium: https://medium.com/@ViazOfficial
Bounty0x Username: Emma