Explanation Of The Deal Lending Solution Database
If you are just reading this article about the Deal Coin, be sure to check out my previous four articles about them as well. To recap, it is a great upcoming lending application. This time I will provide a deeper explanation of their Deal Lending Solution Database, or DLSD. This database is what contains all the details about the borrower, lender, credit references, and the Deal Contract specifics. All of this information is contained behind a blockchain created security shield which can only be accessed with the correct blockchain key. The DLSD will only be accessed when there is a need to have agreements notarized or verified. Only critical information is verified using blockchain. Other information remains secured in the DLSD. Data inside the DLSD can be verified if a query is made from the Deal Contract, and it goes through security checks every time. Data confidentiality is of great importance, and the DLSD provides a very secure and efficient way to store and access data.
The Deal Coin's platform can function in real time and monitor credit risks to make intelligent adjustments when needed, all in real time. An online web portal will provide access to some features, but the DAPP, (decentralized application), is needed to have full access to all services. If a user is registered and verified in the DAPP, then they can have advanced approval for funding. This allows for quick access to funding if needed. A software development kit is also being offered for use with the DAPP. This developer kit is compatible with any current browser, and is constructed with html5. This allows for easy integration into web applications or websites. Desktop and mobile applications are still able to use this developer kit as well. August 2018 is when it is planned to have the first deals made using the platform. Then in early 2019, they plan to launch the peer to peer finance strategy. Please view the suggested links here for more details about this company.
Announcement Thread: https://bitcointalk.org/index.php?topic=3041085.0
Whitepaper: https://wefundanydeal.io/wp-content/uploads/The-Deal-Coin-Whitepaper.pdf
Bitcointalk Username: rob31
bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1420457
Oh wow looks so good!! Thanks @rob31 ♫