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Read & discuss - AERUM in the P2P Lending Industry

Read & discuss - AERUM in the P2P Lending Industry

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Read & discuss - AERUM in the P2P Lending Industry

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Hello, Crowdholding community!

Firstly, we would like to send a big thank you to everyone who helped us improve our blog by participating in the AERUM blog and content review. Our team has been working hard to produce articles on the best possible quality.

 

AERUM is an infrastructure project which provides a fast, scalable blockchain platform that is free for the end user. This allows AERUM’s tech to potentially impact many different industries, such as gaming, B2B solutions, and P2P lending.

 

Today, we would like to ask you to read the following article about AERUM and focus on the P2P lending industry.Let us know your opinion by answering a few questions in the comments.


 

Read: Blockchain Use Cases: More Than Just Potential.

 

Discussion questions:

  1. Do you think blockchain-based technology can reinvent the P2P lending industry? Or perhaps it has already started doing so?

  2. Which successful blockchain use cases in the P2P industry do you know about? Why are they successful?

 

Requirements:

  • You need to answer all questions to obtain the reward.

  • Your answers need to be creative.

  • Your answers must be unique and original

  • No copy-paste or “good luck” comments allowed

  • You must provide examples and arguments to back your opinion.

 

Warning:

Comments which DO NOT meet the requirements will be removed by the admin.

 

Let’s build better blockchain together!

 

Aerum Technologies.





52 COMMENTS 254 VOTES

Most recent Most voted Most verbose

1. Of course, p2p have been developing, because the world of cryptocurrency has be global in the world, and the blockchain technology used that. 2. maybe what I used to remember was octoin, which lent its energy to help customers by using p2p, apart from that it used to be able to grow rapidly with such trade, but it would be difficult for customers to get the right price.

7 months ago

1. The use of blockchain in the banking industry should reduce the risk of fraud in financial transactions, as well as reduce complexity and costs. 2.The growth of these companies like Biva, Nexoos and Kavod is linked to a gap left by the big banks. They have been granting less and less loans to small businesses and entrepreneurs. Thus, fintechs such as Biva and Nexoos have helped these microentrepreneurs to obtain credit more easily, to leverage their business.

7 months ago

Andreas Bor new user

https://www.linkedin.com/in/andrey-borisov-4a6628155/

Peer-to-peer (P2P) business loans are growing rapidly, complementing the services of traditional financial institutions, and helping small and medium-sized enterprises, giving them the opportunity to attract financing.

7 months ago

1. p2p industry will continue to grow. and more and more platforms offer blockchain. all waiting for an easy platform to use both virtual and traditional and accepted throughout the country. blockchain is increasingly being used for interests in various transportation applications, toll roads, education, employment, e-commerce and so on   2. I know Cryptolux and Nexo started it, as well as some exchange crypto that publish credit cards and credit cards

7 months ago

What is Peer-To-Peer Lending (P2P) Peer-to-peer (P2P) lending is a method of debt financing that enables individuals to borrow and lend money without the use of an official financial institution as an intermediary. Peer-to-peer lending removes the middleman from the process, but it also involves more time, effort and risk than the general brick-and-mortar lending scenarios. P2P lending is also known as social lending or crowdlending. BREAKING DOWN Peer-To-Peer Lending (P2P) Traditionally, individuals and small businesses who want a loan usually apply for one through the bank. The bank would run extensive financial checks on the applicant’s credit history to determine if the entity would qualify for a loan and if yes, determines the interest rate that will be charged on the loan. Individuals that want to avoid being charged high interest rates or that would otherwise be rejected for a loan application due to poor credit history, may opt for an alternative way of borrowing funds – peer-to-peer lending.

7 months ago

The blockchain is all set to reconstruct the model of the peer-to-peer lending platform by bringing more trust and transparency to the system. Companies like SALT Lending, Lendoit, and Jibrel Network have already launched a peer to peer lending platform using blockchain and smart contracts. Salt is a lending platform that facilitates blockchain-backed loans

7 months ago

I think blockchain-based technology can reinvent the P2P lending industry but currently, I don't think most people have understood this whole concept. I think if Serum wants to go that direction they need to be clear on their guidelines so that people understand it properly. I don't know a lot to be honest but came across one some weeks ago. Its called Nexo. I signed up but lost interest because I wasn't clear one or two things. I would say that we have some projects in the industry but, the industry has not be embraced by the masses as it should.

7 months ago

1.Do you think blockchain-based technology can reinvent the P2P lending industry? Or perhaps it has already started doing so? yea Six of the world's largest banks have joined a project aimed at creating ... based on "blockchain", the technology on which bitcoin is based. 2.Which successful blockchain use cases in the P2P industry do you know about? Why are they successful? Blockchain is about decentralization and we must hate anything ... In 2016, several Japanese banks have carried out successful experiments ... As Bitcoin, Monero is a decentralized peer-to-peer Cryptomeo, ..... With any board video that you use, you can get The future is bright and promising as long as you are prepared for it. ... in the peer-to-peer (P2P) Blockchain network, every transaction is stored in your ... I call these new contracts "smart" because they are much more ... But Bitcoin is limited to the case of use of coins for transfers of stamp ...

7 months ago

Angelo Jesus Penaranda senior

Because a very dedicated man with great visions on every project that i do with

1. P2P lending will continue to revolutionise and P2P blockchain-based technology already started. P2P blockchain-based technology has great advantages, it has lower fees and you don't need a bank account to get a loan. 2. Successful blockchain P2P industry that i encounter is FAST INVEST, SALT and BITBOND. I think what makes them successful is the Platform Security, Geographical Diversification, Low Fees and they Specializes in P2P crypto-proved business loans

7 months ago

1. Empréstimos P2P já começaram a ser usadas, mas não estão sendo completamente entendidas pelos usuarios 2. Muitos empréstimos p2p baseados em blockchain estão operacionais mas não tenho certeza de como fazer e ainda existem muitas duvidas

7 months ago

1. It has already started doing by some projects but they face some challenges .The first is cost: to make the lender’s offering compatible with their borrower. For example, ensuring that the loans are in the right currencies and amounts can get very expensive when funds are moving across borders. The second is regulatory compliance, a necessary but tedious undertaking, particularly when it comes to lending money across borders. The third is trust: A lender in one nation has very little recourse in the event that their borrower doesn’t pay, because they aren’t part of that borrower’s local legal system. And evaluating trustworthiness cross-border can be a challenge, because there aren’t international standards for monitoring consumer credit worldwide. These challenges can be solve by Aerum specially in cost of moving funds across the boarder because aerum offers free transaction and in terms of speed and scalability it is best.. 2. One of successful blockchain use cases in the P2P industry is Ripio, has had more than one name in its evolution as a firm but only a single goal. Originally known as BitPagos at launch, and then rebranding to Ripio in advance of its late 2017 ICO – the Argentina-based firm wants to use the blockchain to unlock the power of P2P lending on a global scale

7 months ago

1.The blockchain-based technology can reinvent the P2P lending industry because blockchain, and especially the bitcoin blockchain, helped democratize and improve the performance, reliability and scalability of financial platforms with a stronger focus on security and decentralization. Digital marketplaces such as Lending Club and Prosper leveraged the P2P model to increase financial inclusion and reduce the credit gap by focusing on the under-banked and bypassing traditional brick and mortar lenders. Adding the dimension of decentralized and distributed digital ledgers provides a look into the next generation of digital marketplaces. 2. Example of blockchain use cases in in the P2P industry i known is IPFS or the Inter-Planetary File System, is a system for decentralized web applications that uses blockchain protocol to archive and sustain digital files. Billing itself as the “permanent web,” one goal of IPFS is to solve the problem of web fragility by harnessing the same technology that makes the blockchain ledger difficult to manipulate or erase..

7 months ago

Dixiana Valkarie new user

I'm all about P2P lending, I believe in it 💯. I, myself use a different company than Aereum but that's OK, I have been doing this for a long time. P2P opens up new doors you would not have with a regular bank, you can put your portfolio up for collateral to obtain a small Bitcoin loan to open the new buissness you been dreaming about with very little interest, at a rate and time you can afford.

7 months ago

Chie Castle new user

1. maybe in the future, the industry is not regulated yet , thats why in a global scale, it posts a high risk. in a centralized environment , banks and creditors use bank records and credit score as way to validate borrwers identity and suitability to pay loans. theoretically,we can have a decentralized identification network to check this, but if errors are made , who will take the responsibility ? who will oversee and maintain the database, and will the network also be legally relevant?. in addition to that the market volatility also pose a huge threat. whales , can easily dictate price by manipulating the supply and demmand. 2. none yet aside from those companies listed on Aerum blog. im pretty sure this will work in a controllered environment or p2p/b2b channel what ever u want to call it. its just hard to see it on a global scale.

7 months ago

TheCrypto .Tips guru

I do both things that measure our entire World => UX & TA

1. It is surely already started doing so. I discover new P2P projects on a daily basis. And now more than ever when known indexes like S&P500 and others shows high uncertainty, investor are looking for alternatives. 1. Most successful blockchain use cases in the P2P industry I know are Filecoin and Sia. Both are well known but as for usefulness, I not so sure...

7 months ago

Richard Corto new user

1. P2P lending is currently being used by many projects but few are being utilise well and it can change the landscape if it is developed so much. 2. Many Blockchain based p2p lending is as of this moment operational, but Not sure if they are being continually monitored and develop every time.

7 months ago

HUB Space new user

1. P2P lending has already started, but it is not being completely used too . 2. ETHLend is one of the industry that uses p2p lending . It is also one of the famous too. It is successful because of its feature "Borrow Ether by placing Digital Tokens on Smart Contract for collateral" .

7 months ago

Rhey Valderama new user

This comment is not available, it has been removed for violating the code of conduct

7 months ago

Vu Huu Hoang expert

I know that P2P lending industry is developing based on blockchain technology since 2018 but development is not really strong. I know that a lot of SAW based on blockchain are successfully developing very well

7 months ago

Ari Suryana

0xeb85F3D6bDcAa47f99F1F3356771DB00612B2DDe

This comment is not available, it has been removed for violating the code of conduct

7 months ago

This comment is not available, it has been removed for violating the code of conduct

7 months ago

I think blockchain-based technology can reinvent the P2P lending industry but currently, I don't think most people have understood this whole concept. I think if Serum wants to go that direction they need to be clear on their guidelines so that people understand it properly. I don't know a lot to be honest but came across one some weeks ago. Its called Nexo. I signed up but lost interest because I wasn't clear one or two things. I would say that we have some projects in the industry but, the industry has not be embraced by the masses as it should.

7 months ago

La tecnología del Blockchain utilizando P2P, no solamente puede ser mejorada sino reinventada, tal como ustedes dicen, y esto llevará a cotas más altas de productividad en beneficio al medioambiente de la BlockChain y de todos nosotros sus usuarios. Yo especialmente lo he vistos en las nuevas criptos que están trabajando unidas a ETH (ERC20) como plataforma de trabajo, otras serían SALT, y se que seguirán apareciendo nuevos proyectos que utilizaran y mejoraran la tecnología P2P.

7 months ago

Andrei Boltunov new user

This comment is not available, it has been removed for violating the code of conduct

7 months ago

Mike Drio new user

I have my own words.

It has already started and many people have benefited because its good to both lenders and borrowers. The major benefits of P2P lending for individuals are: Lenders can enjoy returns several percentage points above those for a bank CD; borrowers enjoy similar cost advantages compared with rates at a bank or credit union. Many individuals like knowing who they're lending money to and why they need the money. One of example is Moneymatch Philippines. They're very successful because of this p2p lending industry. The platform is designed to benefit both lenders and borrowers, and eliminates physical boundaries in helping them achieve their financial goals..”

7 months ago

Aceshiku (Not a robot) senior

Thought is an idea

1. there is a possibility that the p2p loan system will have a positive impact, but given the conditions that are currently occurring it is not easy. because its role is not too important in the scope of cryptocurrency ! 2. NEXO and SALT are both p2p loans that provide their respective strengths but what I see is not so successful to be accepted in the community

7 months ago

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7 months ago

Nilson Viegas new user

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7 months ago

Mark Tan new user

1. yes because peer to peer technology has many features like transparency, security, fast transaction and low fees and you can also grow your money with this technology. 2. SALT Lending is a membership-based lending and borrowing network that allows users to leverage their blockchain assets to secure cash loans. The company's Secured Automated Lending Technology is a protocol- and asset-agnostic architecture designed to adapt to the constantly-growing class of blockchain assets.

7 months ago

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7 months ago

I fully support this project, because it has good foresight and futuristic views. This will be good. Great project and amazing. The team behind the development of this project is one of the best for today, the real professionals of their business, with whom it is pleasant to work. This project has a very good concept and prospect. Be a part of this project.

7 months ago

Crypto Pk new user

This comment is not available, it has been removed for violating the code of conduct

7 months ago

Anton Koro expert

Projects of p2p lending on the blockchain are gaining popularity ... and this will not stop. - use of credit services without the involvement of traditional financial intermediaries in the form of banks (+) - users can take or give loans through specialized platforms, which makes this process faster .. cheaper and safer (also does not require users to provide information on credit history) (+) The revolution is unfolding right before our eyes. The process has long been launched !! “Banking is necessary, banks are not” Bill Gates 1994 1) SALT Lending Blockchain Lending Platform - allows users to mortgage their own crypto assets for receiving loans in fiat currencies 2) ETHLend - decentralized p2p application (DApp) 3) Bitbond is a German mutual lending fund on the blockchain. Bitbond works on Bitcoin blockchain

7 months ago

Still, a lot of business transactions remain costly, vulnerable and inefficient today. P2P network is a very important part of how blockchain technology works, and why it is so solid and secure. Blockchain can dramatically reduce operational risks, improving the efficiency of funding and lending models through more decentralized, trusted records with better pricing and confidence in the underlying assets. However, there are various obstacles to widespread adoption, especially in relation to KYC rules, establishing and verifying identities and getting new customers. ETHLend is an ethereum based decentralized peer-to-peer lending which I know about. I think the main reason why ETHLend is successful is the platform’s unparalleled transparency. Although it’s public, transactions cannot be changed, modified, or removed by anyone.

7 months ago

very good!!!

7 months ago

Avi Syed expert

1.p2p technology have a lot of positive features which help any P2P project to improve fastly, like the decentralization, and anonymity. Also using the blockchain technology is preferred for the users of any platform, because the fee, in this case, will be very low. 2.nexo.io platform which was recommended through my coinstat app. It is a crypto-back loan platform where you can use your cryptocurrency to secure a loan. I have not use their services so it is not something I will recommend, but it was cool for developers to have come up with such an idea.

7 months ago

Ibrahim Kwesi Twum Aidoo new user

A fan of the union of internet and cryptocurrencies. I want to help in anyways

1. I totally agree. Satoshi's main vision for bitcoin was to be used as a p2p. And when it's done on the blockchain, decentralization kicks in. Transactions are fast and cost less because no middlemen are involved. But big cooperations took over and now exchanges are centralized. I believe with no doubt we can bring it back and there are the benefits to that. 2. I know of digitaltown.com which is already in business connecting shops and customers on the blockchain. There are some couple of projects in development who are using blockchain to make everyday life easier for people.

7 months ago

1. Do you think blockchain-based technology can reinvent the P2P lending industry? Or perhaps it has already started doing so? Can blockchain technology, the peer-to-peer network ... Since 60% of these individuals already have cell phone, these ... The biggest scale challenge for this industry, however, is to ... buy with digital currency or convert digital money into ... Reinventing microcredit.Which successful blockchain use cases in the P2P industry do you know about? Why are they successful? Blockchain is an emerging technology that offers distributed support ... a P2P network where transactions with the criptomoeda (digital currency) bitcoin, proposals ... There are several projects, with strong investment of the industry, aiming to implement ...... (proof of work) is one of the few successful consensus approaches ...

7 months ago

1. Blockchain will definitely change them to the P2P industry. The most important reason for this is because it shortens operational time, does not waste time in procedures and does not consume too much money. 2. I've heard about HSBC that you wrote in your book. Apart from that, I don't know how detailed it is. However, in the future I think cooperation with the P2P blockchain will increase very well and is very easy for all who use it.

7 months ago

Oxu Remini guru

1)I can say that this sector has already begun to exist. Because the possibilities are really worth mentioning. If we write down a couple of sentences, P2P marketplaces can leverage blockchain as a settlement system, this allows for the tokenization of underlying loans and rights attached to tokens are transferred and settled instantly.And this is P2P lenders have the ability to offer greater flexibility and creativity in designing loan standards, lending and crediting standards due to automated transactions and a debtor's history of credit risk and the identification of the identity to be included in the block chain.When you think about it,P2P is a formation with a future. 2)Salt is a lending platform that facilitates blockchain-backed loans. There are no credit checks, so as long as you have some crypto assets to put up as collateral, you can borrow from the platform’s network of lenders. Once the loan is repaid, you can get your crypto assets back.

7 months ago

Baitullah Ali expert

1. yes, because the blockchain can help any industry like p2p lending. Many industries are using this technology on their project are a success. 2. bitbond (https://www.bitbond.com/) because they are the first global lending platform for small business loans. We leverage blockchain technology to connect creditworthy borrowers with individual and institutional investors. they are a success having more than 134 k users, more than 3200 funding Loans and more than $15 millions loan volume as they stated on their website.

7 months ago

Ramy Net senior

Having more than 5 years of crypto experience!

1. In fact, the P2P industry is reinvented already with the blockchain technology. This technology have a lot of positive features which help any P2P project to improve fastly, like the decentralization, and anonymity. Also using the blockchain technology is preferred for the users of any platform, because the fee, in this case, will be very low. 2. I know about one project tried to involve the blockchain technology in its P2P platform, it is Coinchase. Basically it is a platform for lending and saving cryptocurrencies, and giving interests to the users. That's the link for this project : https://coinchase.com

7 months ago

ahmed musa expert

1. Yes, I think blockchain-based technology can reinvent the P2P lending industry. Blockchain is perfectly suited to the task at hand with real-time tracking which is very important. An example is the Walmart partnering IBM to create hyperledge blockchain which intends to track food staples from suppliers to shelf. Blockchain-based business intelligence and analytics tools are more capable than ever of scraping massive amounts of data which is useful for predicting & forecasting project outcomes. Blockchain offers the ability to build decentralized applications known as dApps, an example is Ethereum ERC-20 chain,. dApps offer a truly decentralized platform that inherits many of the benefits blockchain provides, including greater democratization, peer-to-peer interactions. Blockchain’s immutability authentication tools are ideal for preventing identity theft, with the rapid rise in identity theft and fraud, this is an important feature. 2. Found nexo.io platform which was recommended through my coinstat app. It is a crypto-back loan platform where you can use your cryptocurrency to secure a loan. I have not use their services so it is not something I will recommend, but it was cool for developers to have come up with such an idea.

7 months ago

This comment is not available, it has been removed for violating the code of conduct

7 months ago

1) I think blockchain solutions can and will change P2P lending. First the traditional peer-to-peer lending companies offering these services generally operate online. They can run with lower overhead and provide the service more cheaply than traditional financial institutions. Making use of blockchain can further securing and speed up transactions, getting rid of necessary procedures and does not depend on a central repository. I think 'micro-financing' will definitely change due to the fact it can reach more users easily without the hassle. Crowd-funding/lending is a good example. Blockchain based P2P lending needs to take some hurdles before it can 'compete' with the commonly known P2P based lending solutions: - Improved and proven security - Regulations, legislation and Compliance (no geographical limitations) - Standards in identity verification and qualification - More transparency - Public trust 2) On Google many examples are to be found like ETHLend, LendoIT, Wish Finance, Welltrado. Also found this interesting one. Ablrate is working on the integration of ASMX, a blockchain based solution providing a global market for connecting lending communities and creating an international secondary market for private corporate debt accessible by an international pool of lenders. While it is an already known player the blockchain integration could be one to follow.

7 months ago

I agree, especially in the part of the “Standard of verification and qualification of the individual”

7 months ago

1. The p2p mechanism is an excellent way out for a borrower who hasn’t managed to find a common language with traditional financial banks. And this is the Skate that puts the blockchain technology on. By a few, some platforms started this process. (koinchase and others). But there is a problem with the solution of the issue of Proof, and this is still not resolved, and the process of decentralized management has not yet been resolved to full output. 2. The Koinchase project is only starting (begins) to address the issue of not lending, but of issuing a loan, which, in principle, is not much different from lending. In addition, this project experimentally created a trial fund and issued to each interested participant a loan of 4.46 ETH, and this amount was immediately accumulated into the fund’s operation with interest earned every day. Еre is a copied link for invitations from the site. "Save your BTC/ETH/USDT in Coinchase to enjoy 16% APR + 0.4% increase per week, and up to 57.6% APR. #Coinchase #CoinchaseSavings https://coinchase.com/c/1IGhKyJc

7 months ago

Shuyong Yang expert

Hello, Almabek. Your comment is great which has a lot of value. Thank you very much!

You DID answer all questions, but you also promote another project an the end of your comment. This prohibited on the Crowdholding Platform.

"Writing nonsensical messages, or advertising services outside the requirements of the task is considered spam."

"Any activity which violates the code of conduct may be given a warning or removed from Crowdholding entirely"

Please read our Code of Conduct here: http://help.crowdholding.com/general-support/code-of-conduct

7 months ago

Juiced General new user

1. P2P lending is everywhere, but often difficult to manage. Many platforms exist, but they are all centralised. A hack reveals all privacy details and can allow easy modification, taking a lot of money away from lenders (or borrowers). Blockchain is immutable, decentralised, and has much more privacy. Using smart contracts everything is immediately clear. 2. I haven't heard of specific projects myself. A search reveals SALT, Lendoit, Jibrel. Another message mentions that ING and Credit Suisse have tested lending asset swapping - if that's possible then P2P lending should be too (https://www.ing.com/Newsroom/All-news/Blockchain-set-to-transform...).

7 months ago

1. Blockchain will definitely change the P2P industry. The most important reason for this is that it shortens the operational time, does not waste any time in unnecessary procedures and works with less commission fees. 2. I've heard of HSBC as you mentioned in your article. Apart from that, I do not know exactly. However, in the future I think the cooperation with P2P blockchain will increase.

7 months ago

I rarely use third-party help. but now I just need a case study writing service

7 months ago