 | LendLedger (LOAN)ICO  LendLedger unlocks data on informal and small business borrowers, making it viable for lenders to offer trillions in loans to these untapped segments. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
|
OpenWhat is LendLedger
LendLedger connects lenders to unleveraged digital data to help bridge the lending gap between institutional lending capital and informal borrowers. LendLedger brings together borrowers, data providers (DPs), and lenders in an open global ecosystem built on blockchain technology. Each party controls the transfer of their encrypted data, eliminating the risks of a centralized intermediary. All participants on LendLedger will require an interface to interact with the ecosystem. LendLedger will support participants in the initial stages by providing a suite of software services to enable a plug-and-play solution.
LegalBlockchain Platform: Stellar | Token infoTicker: LOANType: Utility-token Accepted currencies: ETH |
LendLedger Roadmap
By the close of 2018 LendLedger will have released its initial protocol focused on core blockchain functionality.. The co-founders of LendLedger currently own and operate a data-driven Indian lending business which is onboarding loans at a run rate of $30 million annually. This will become our pilot group and we will move all of these loans onto the LendLedger blockchain. In addition, LendLedger will become the first test Credit Node. Credit nodes are essential to the running of the platform: they stake LOANtoken in exchange for Ledger Credit - the stable, non-fungible asset, used to make loans on the platform. For more details please see the LendLedger Technical Paper.
In the first 6 months of 2019 LendLedger will have expanded the pilot platform, built off our existing Indian lending business Happy Loans, and will be operating in the wider Indian market via the second iteration of the LendLedger protocol. Amongst other things this will involve off-chain data exchanges and Credit Nodes in testing with 3rd parties. As the basic software for Lenders and Data Providers will be live there will be a deep focus placed on bringing more actors onto the platform. The project will draw on the extensive relationships our founding team have with Indian institutions such as ICICI Bank, RBL Bank, Yes Bank, HDFC Bank and establishing partnerships like that with the Smart Campaign to assure those on our platform are observing best practice. We aim to have reached a annual run rate of over $50 million at this stage.
After successfully establishing LendLedger in India the team will focus on scaling through expanding into other emerging markets. LendLedger has advisors and Community Experts with valuable experience in our target markets such as Nick Hughes, founder of M-KOPA and Nicole Van Der Tuin Co-Founder and CEO of First Access.
Project team
Advisors
Social media
