Libra Credit :-A block chain based credit system
Libra Credit :-
Recently I gone through the libra credit white paper.Which was very impressive.
This is a decentralized lending ecosystem that facilitates open access to credit anywhere and anytime based on the Ethereum blockchain.
Libra Collaborating with partners in both crypto and financial markets.
Key Highlights:
• Extensive network partnerships completely covering the lending value chain
• AI-based dual-credit risk assessment computation featuring a collateral-based assessment and an individual credit scoring
• Multiple sources and use of funding facilitating fiat, hedging and liquidity needs
main feature :
Crypto-to-fiat loan allowing collateralization of cryptocurrencies to spend fiat without sacrificing their current crypto position.
Crypto-to-crypto lending allowing borrowers to pledge other alternate tokens for more mainstream crypto currencies (i.e. BTC / ETH) with better liquidity
their team and Advisory board looking promising.Road map of the projects seems achivable with this team.
Right now 1lBA=01.usd.In future it will give good returns if we invest with is rate.
The technical infrastructure of Libra Credit comprises of four major components including:
A) Libra Lending Platform
B) Partnership Network Access Integration
C) AI Credit Assessment Engine
D) Smart Contract Suites built on Ethereum blockchain.
I urge all my friends to go through the whitepaper once and spread the awareness. Would recommend to invest in this project in the future