Hello, my beloved readers! Here comes my review with regards to a new blockchain project that it creates a mortgage network for users.
Block66 is an innovative project that leverages the blockchain industry and it is powered by smart contracts in order to disrupt the traditional mortgage industry.
Blockchain and cryptocurrencies help us making the same things that we were doing before but we now have the power of improving the way we had set the systems that we developed and now by using the powerful technology we have in our hands we can enhance our way of lives with simple changes and the digitalization of services.
There are many people that are in need of money and there are also many people that have a vast amount of savings that they want to invest them in anything or maybe they want to help people that are in need of money. Lending and borrowing was an activity that people were active many decades ago when there was a huge gap of inequality between people where high-class communities had enormous earnings and others were working as slaves.
Block66 is a decentralized platform that enables users to borrow and lend money. https://block66.io
No one can deny the fact that institutions raise barriers for people that want to lend money. Block66 liberates the industry by creating a network that brings all the actors such as private and institutional lenders and borrowers to one place.
The mortgage market, especially in the United States of America is a huge market that it can create great value for economies only if we manage to take advantage of them. We also need a system that will make us feel safe and do not be afraid of any mortgage scandal that will create a domino effect to nations about the world leading to irreparable damage to citizens that will face the impact of such activities. It is a considerable issue that institutions do not lend money to creditors and they keep asking for a limitless mortgage in order to lend them a small amount of money.
You can see thoroughly the solutions that Block66 provides on the project's website: https://block66.io/
Having said that, Block66 creates a platform that will assist in the solution of this problem. In this platform, loans would be able to be distributed easier, faster and efficiently as lenders and borrowers come together in order each one create value for their side.
Due to the blockchain technology and the whole cryptocurrency ecosystem, lending and borrowing have never been easier than today as even a bank account is not needed for that. The platform that Block66 tries to develop is going to help a lot the market and eventually, it will add value to people's lives.
The most significant aspect is the fact that every person will have access to the mortgage market easily!
Another aspect that caught my attention is that mortgages could be traded to the market. It would be very convenient for users to transfer from one to another a mortgage or a fraction of it from one to another. This is a way to exchange value and mortgages can be used as a payment method or an investment that will create profits to users that hold them either long or short term.
And of course, Block66 is going to offer safety and certification of data validity. As data is nowadays very important for enterprises, it should be treated with cautiousness. The blockchain technology gives the opportunity to store them and retrieve them effectively.
Moreover, I would like to give some credits to the project's team. All of the people that are involved as team members and the advisors have a strong educational background and experience in many well-known institutions that work globally. You can find all the information about them and visit their LinkedIn profiles by visiting the website https://block66.io/#team
I hope that this idea will be embraced by the community because of the fact that this project tries to benefit the mortgage market by using new technologies and fresh ways that will liberate the industry. We need to support such moves because it will promote value-added ways of making our lives easier. It is noteworthy to have a look at Block66's whitepaper and get an idea of the amazing ecosystem they try to create by implementing their knowledge with the assistance of smart contracts.
Read the whitepaper: https://drive.google.com/file/d/11ZevZaCwYSG_0iv8On810w3Sjj2E5FLq/view?usp=sharing
Useful links
Website - https://block66.io
Whitelist - https://www.bit.ly/2tSzMFt
Whitepaper - https://drive.google.com/file/d/11ZevZaCwYSG_0iv8On810w3Sjj2E5FLq/view
Facebook - https://www.facebook.com/Block66Official
Twitter - https://twitter.com/Block66_io
Linkedin - https://www.linkedin.com/company/block66/
Reddit - https://www.reddit.com/r/Block66/
Youtube - https://www.youtube.com/channel/UCHBDzsJ5aKcYr02lrDVxoag
Medium - https://medium.com/@block66
Bounty0x username: logicrypto