What is Viaz
Exponential growth of cryptocurrencies has opened a contemporary market that is evolving on a monthly, if not weekly basis. Security and management of digital assets are two critical elements for all stakeholders within the burgeoning cryptosphere.
To fiat, digital currency is similar and alien at the same time. Both fiat and digital currency can be used to procure products, but digital currency is not yet commonplace and doesn't bank in a traditional sense. Digital currency uses encryption techniques to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. Decentralized digital currency transactions are faster and more secure than present day fiat transactions. Transactions that take days within the traditional banking system now take minutes or less on blockchain networks such as Bitcoin, Ethereum, and most recently, Tezos.
VIAZ is a decentralized application (“DAPP”) bridging the gap between lenders and borrowers of fiat and digital currencies. VIAZ will employ VIAZ Smart Contracts for transactions initiated on the VIAZ Platform. Just as similarities and differences exist between digital and fiat currency, a closer examination of VIAZ compared to the traditional banking system reveals both converging and diverging characteristics. A notable similarity is that the VIAZ Platform, by putting potential borrowers in direct contact with potential lenders, empowers users to borrow, lend, and transfer currencies throughout a global network. But, unlike banks, the VIAZ Platform will provide a more efficient, cost effective and secure service for all users. The first DAPP to run on the Tezos blockchain, a self-amending crypto-ledger, the VIAZ Platform has inherent advantages when compared to other competitors in the bazaar.
As mentioned, the VIAZ Platform is decentralized. Our aim is to make this market driven platform conducive for crypto and fiat loyalists alike. Billions of people globally do not have access to banks. The VIAZ Platform provides them with an opportunity to take advantage of this global network of lenders and borrowers from the convenience of their own desktop computer or smartphone.
A sound banking system mobilizes the small and scattered savings of the community and makes them available for investment in productive enterprises. The question of institutional accountability speaks directly to another promise of cryptocurrency. With its capacity for programmability, a blockchain can enforce smart financial contracts. Recently, and into the future, blockchain technology such as the VIAZ Platform will solve issues of collateral management and guarantee compliance with capital requirements.
The VIAZ Platform will connect digital assets, equity, and fiat in ways not previously possible due to boundaries inherent in the traditional centralized banking space. The VIAZ Platform will bring the world closer by dismantling these boundaries and empowering individuals to take control of their own financial destinies.
The VIAZ Platform
The utility of the VIAZ Platform is to provide a decentralized platform for the introduction of prospective lenders to prospective borrowers, connect its users, and act as a conduit between the cryptosphere and fiat currency.
Our first steps in this direction, borrowing and funding, have already begun. Despite its inherent flaws, the traditional banking system works. Within the crypto lending space, other platforms currently exist, each with their own utility and functionality. The VIAZ Platform’s aim is to improve upon, and provide a multitude of utility and functionality under one platform. By the time our Token launches, the VIAZ Platform will have a working prototype. The betanet will launch before the Token Launch, and the launch of the mainnet will occur shortly thereafter. The VIAZ Platform will be fully functional at this time.
Despite recent consolidations in the market space, the crypto-community continues to grow larger with each passing month. Community members want to retain their digital assets, and desire to participate in ICOs. Traditionally, ICOs have accepted mainly BTC and ETH. Starting with the VIAZ Platform we believe that future ICOs will also accept Tezzies (“XTZ”), the native token of Tezos, as the Tezos mainnet is set to launch in Q3, 2018. The VIAZ Platform will empower users to pledge their digital assets and borrow cryptocurrencies to participate in ICOs. The Tokens and XTZ tokens will be used initially, followed by Bitcoin and additional altcoins to be added in future VIAZ Platform updates.
Account holders on the VIAZ Platform will use their cryptocurrency as collateral to borrow fiat currency. Borrowers will have to pledge crypto in order to post the loan. This also gives people an opportunity to lend crypto and fiat at a higher rate of interest. Each time a loan is posted, a VIAZ Smart Contract is created by the VIAZ Platform and recorded in the Tezos blockchain ledger.
All users are automatically issued a crypto and fiat wallet when they sign-up on the VIAZ Platform. This will allow users to securely manage their portfolios independently. It will also facilitate the transfer of funds on and off the VIAZ Platform. Individual wallets will allow users to send digital currency in a virtually frictionless manner. It will also offer what we believe to be a safe and secure means of storing their cryptocurrency.
It is our plan that borrowers on the VIAZ Platform will be issued with 'VIAZ'-branded debit cards that will be operated by a licensed bank and not by the Company. These cards will be used globally on established debit card payment processor networks. Individuals will be able to select daily and monthly limits on their respective cards. Additionally, users will be able to disconnect cards from their VIAZ Platform accounts in case of a lost or stolen card without having to contact a third party for assistance. VIAZ is actively engaged in conversation with at least two different fiat banking partners.
These features will be available on IOS and Android operating systems. Mobile apps will be available to VIAZ Platform users free of charge and will make day-to-day VIAZ Platform operations more accessible.
The VIAZ Platform will give lenders the opportunity to bid on funding opportunities based on different interest rates. For example, a borrower can ask for $5,000.00 at 12% per year. It might take a few hours or days to fill the order, but if one lender wants to fund the loan at a higher rate of interest, they will be able to do so instantaneously. This makes the process faster for the borrower, and the lender will have an opportunity to earn more interest.
Real estate based funding
On platform liquidation.
Online payment integration.
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