The Deal Coin Lending Platform - Article 4
It is now time for my fourth installment in the Deal Coin series of articles. If you are just now reading about the Deal Coin for the first time, it is a new platform that is going to allow for peer lending using blockchain smart contracts. I will go over some things that I have not mentioned before in this article.
One thing the Deal Coin is doing is providing solutions to proof of ownership of assets. Often it can be difficult to register and track the registration of assets. The Deal Coin will remove roadblocks associated with this and allow for easy proof of ownership, with fast and secure transfers while making use of blockchain. Blockchain is increasingly being used for asset registration, and with that comes more opportunity for loan propositions. By utilizing proof of assets with blockchain technology, both the borrower and investor can benefit. Borrowers will have a better chance to get funding, and investors can feel more secure knowing there is proof of assets.
The ERC827 protocol will be used for the Deal Coin. This is one of the newer protocols that use the Ethereum network, and is designed to address some weaknesses of the well known ERC20 token. Value and data can be transferred with the ERC827. The ERC827 remains compatible with the older ERC20 as well. Like all Ethereum tokens, it makes use of sophisticated smart contracts to facilitate agreements between users. By using smart contracts, it saves both the lender and the borrower money by reducing the number of people involved in the transaction. Essentially, there are no middle men being used. Investments made on the Deal Coin platform are both enforceable by law, and insurable. This is all due to using the smart contract. The lending landscape is changing quickly and continues to improve. Be sure to read my previous articles about the Deal Coin, and also visit the sites here for more information.
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
I have hearing a lot about this. Need to jump in for a proper research. Always great picks Rob
I have been following your series on the deal coin. Great information and easy to read, thanks! I think cryptocurrency is the future of many applications like this.