Viva Network is a new startup powered by Blockchain technology offering a decentralized mortgage financing program that's connecting borrowers with a network of global investors.
According to the company, this platform will "run on an elastic cloud platform that will provide big data processing capabilities, resilience, and scalability." In short, Viva Network will free millions of home buyers from the rigid loaning processes of banks, creating a crowd-lending platform that enables global investors to connect with individuals. The service will rely on the platform's digital currency, known as 'Viva Token.'
In addition to this service, the platform will also offer verification checks, appraisal assessments, credit risk assessments and a variety of other relevant analytics. By decentralizing the system, Viva hoes to cut out the middleman, offering home buyers the best rates available.