Viavz: Decentralized P2P Funding Platform

in #viavz6 years ago (edited)

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Exponential development of cryptocurrencies has opened a contemporary market that is evolving on a month to month, if not weekly premise. Security and management of computerized assets are two basic elements for all stakeholders inside the burgeoning cryptosphere.

VIAZ is a decentralized application ("DAPP") overcoming any issues among lenders and borrowers of fiat and cryptocurrency. VIAZ will utilize VIAZ Smart Contracts for transactions iniated on the VIAZ Platform. Similarly as likenesses and contrasts exist between Crypto and fiats, a closer look of VIAZ contrasted with the traditional saving money system uncovers both uniting and separating qualities. A prominent closeness is that the VIAZ Platform, by putting potential borrowers in direct contact with potential lenders, enables clients to obtain, loan, and exchange monetary forms all through a worldwide system. Be that as it may, in contrast to banks, the VIAZ Platform will give an increasingly proficient, financially savvy and secure service for all clients. VIAZ application will be the first DAPP to keep running on the Tezos blockchain, a self-altering crypto-record, the VIAZ Platform has inalienable points of interest when contrasted with different rivals in the bazaar.

As referenced above, the VIAZ Platform is decentralized. Viaz team goal is to make this market driven platform helpful for crypto and fiat supporters alike. Billions of individuals all around don't approach banks. The VIAZ Platform gives them a chance to exploit this worldwide system of lenders and borrowers from the accommodation of their own personal computer or smartphone.

Current System Flaws
Banks are the significant wellspring of debt finance for both family units and business organizations, representing around 75% and 66% individually of all debt finance gave to those areas.

Obtaining cash from banks is neither a simple nor a quick procedure. FICO assessment, work history, and obligation to-salary proportion are only a couple of the numerous qualifiers used to survey credit value. A candidate with a low financial assessment, and under 20% for an up front installment, has a high likelihood of declination. This doesn't really mean one can't get a home loan, however a credit searcher may need to apply to lenders who take into account borrowers in the subprime classification.

Subprime borrowers need to pay higher financing costs and charges on the grounds that customarily there is more serious danger of abandonment for the loan specialist. Occupation history is a vital thought in a person's capacity to
reimburse the home loan. Borrowers working at a similar activity for at least two years will get more great thought than somebody who needs life span in one employment, or maybe maintains different sources of income in this present economy. People in this last class might be requested to give bank explanations to substantiate present and past pay history.

Viavz Platform
The utility of the VIAZ Platform is to give a decentralized platform to the introduction of imminent lenders to forthcoming borrowers, associate its clients, and go about as a course between the cryptosphere and fiat money.
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Viavz initial phases toward this path, borrowing and funding, have just started. In spite of its characteristic imperfections, the traditional financial system works to some extent. Inside the crypto loaning space, different platforms presently exist, each with their very own utility and usefulness. The VIAZ Platform's goal is to enhance, and give a large number of utility and usefulness under one platform. When they will start their Token, the VIAZ Platform will have a working model. The betanet will be live before the Token sales, and the launch of the mainnet will happen presently. The VIAZ Platform will be completely functional as of now.

Why Tezos Blockchain?
Tezos is another blockchain that investigates new thoughts and systems to convey a more secure, increasingly powerful chain. Based on OCaml, a practical programming dialect utilized for other Crypto related based projects, Tezos actualizes a delegated proof of stake consensus protocol. This is more power-productive and gives a more grounded accord system than the proof of-work (which is right now being used by Ethereum and Bitcoin).
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Tezos is likewise hoping to actualize a self-revising record, permitting XTZ holders to cast a ballot on enhancements and changes to the blockchain source-code, lessening the dangers of a fork. Tezos will likewise hope to keep running at a higher exchanges for every second enabling it to be quicker than both Ethereum and Bitcoin, along these lines furnishing clients with upgraded versatility and increasingly speedy liquidity.

Tezos has likewise planned another smart contract dialect – Michelson. This is a specifically bytecode dialect with an extremely strict arrangement of activities. This powers to a great degree safe Michelson smart contracts, and could have averted a considerable lot of the issues that happened with other smart contracts (e.g. the DAO). Over this, smart contracts can likewise be formally checked, enabling designers to give a scientific verification of the yields and changes a smart contract can make.

Viavz Token
The Tokens are the local token of the VIAZ Platform. Token holders are remunerated with month to month airdrops dependent on their exercises in the platform. Borrower can use the token as collateral.

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Check any of these links below for more information about the project:
https://viaz.io

https://viaz.io/documents/Viaz-Whitepaper_EN.pdf

https://t.me/ViazOfficial

https://www.facebook.com/viazofficial

https://twitter.com/ViazOfficial

Bounty0x Username:Lake20

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