Fusion LenderComm | Blockchain Based Marketplace For Loans | Global Banks Incorporated
Hey Steemians,
Not much time have passed and Bitcoin is in hot news again. Again touching the price band of $4500, Bitcoin is being the hot-shot topic being discussed everywhere from news to social media. China, very soon, has realized its mistake and actual worth of Bitcoin/Blockchain & soon revoked its decision of banning exchanges from trading Cryptocurrenies. As per latest news from China, its has allowed certified exchanges to trade under compliance & KYC.
Referring the latest update from Cointelegraph, seven major global banks are coming together to develop a marketplace for Syndicated Loans based on Blockchain. Financial Technology Firms R3 & Finastra are going to partner with these banks to develop this marketplace named as Fusion LenderComm.
Agents and Lenders are going to experience highly designed data sharing techniques at The Fusion LenderComm marketplace. Everyone involved will be able to enhance loan portfolios with less operational cost as well as less legislation budgets. Prepared to be established under R3's Corda System which is further inspired by Blockchain, Fusion LenderComm will debut in 2018.
Seems the world is understanding the power and usability of Blockchain. More and more banks are considering all the benefits of Blockchain and finding out the methods how Blockchain can be integrated with their existing system to improve their internal systems.
@originalworks
The @OriginalWorks bot has determined this post by @pkalra to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
To enter this post into the daily RESTEEM contest, upvote this comment! The user with the most upvotes on their @OriginalWorks comment will win!
For more information, Click Here! || Click here to participate in the @OriginalWorks sponsored writing contest(125 SBD in prizes)!
Special thanks to @reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place!
Upvote
@mrainp420 has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by PK from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
Sneaky Ninja Attack!!
You have been defended with a 50.00 % upvote!
To help keep my Jōki (蒸気) power strong I rely on the townspeople of Sōsharumedia (ソーシャルメディア).
I was summoned by: @pkalra.
I have done their bidding and now I will vanish...
woosh