Blockchain Implementation for Mortgage
7 Nov 2020
www. thegatewaydigital .com
Client Overview An established and fast-growing support service provider for Banking and Finance Industry wanted to develop a platform that manages and automates processes for lending loans between lenders and borrowers.
Business Challenge The client wanted to develop a Blockchain-based solutions decentralized and transparent microlending platform that facilitates free market decision of interest rates and transparency of all transactions with no middleman involved. Solution Highlights
Market determination on interest rates enabling lenders to decide the interest rate for borrowers Loan settlement by borrower if failed to pay loan amount within given timeframe Recommendation of lenders based on borrower reputation determined Central head that facilitates account opening and solving disputes between parties Prevents financial frauds by logging details of all transactions Saving time with paperless banking processes Secured system that leverages SAML 2.0 and OAuth 2 to ensure secured transactions Benefits
All micro lenders and facilitators will have a Smart Contract which will be immutable The system ensures end-to-end security and transparency Efficient and cost-effective system Improved traceability of each transaction and payments
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Blockchain Implementation for Mortgage
WWW.THEGATEWAYDIGITAL.COM
Enterprise Solutions for Digital Transformation
Gateway Digital Maria Montessorilaan 3, 2719 DB Zoetermeer, The Netherlands Phone : +31 079 3200 980 connect@thegatewaydigital.com
www.gatewaydigital.eu
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Blockchain Implementation for Mortgage
WWW.THEGATEWAYDIGITAL.COM