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.
What's Driving This Trend
- Decentralized Mortgage Financing
- By leveraging blockchain technology, decentralized mortgage financing platforms like Viva Network are disrupting traditional banking processes and offering borrowers access to better rates.
- Crowd-lending Platforms
- With the use of blockchain and digital currencies like Viva Token, crowd-lending platforms are creating opportunities for global investors to directly connect with individuals seeking financing for their homes.
- Blockchain-based Verification and Assessments
- Blockchain mortgage financing platforms like Viva Network are incorporating verification checks, appraisal assessments, credit risk assessments, and other analytics to provide more accurate and transparent processes for home buyers.
Who This Affects Most
- Banking and Financing
- Blockchain mortgage financing platforms have the potential to disrupt the traditional banking and financing industry, offering more efficient and cost-effective solutions for home buyers and investors.
- Real Estate
- Real estate industry stands to be transformed by blockchain mortgage financing platforms as it streamlines the mortgage process, lowers costs, and provides greater accessibility for home buyers globally.
- Blockchain and Fintech
- The incorporation of blockchain technology in mortgage financing is creating an innovative intersection of the blockchain and fintech industries, opening up new opportunities for disruptive financial solutions.
