Viva Network: P2P Mortgage Lending

clauming (7)in #cryptocurrency • 6 years ago (edited)

Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.

An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.

Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.

For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

Moving to the topic, the project I'm going to present you is Viva Network (http://www.vivanetwork.org/#/), a Peer to Peer Mortgage Lending Platform & Tokenized Mortgage Exchange that uses smart contract technology to democratize the global mortgage industry.

Video presentation

In more detail, the VIVA Network is a transformative financial technology that introduces to the world the mortgage financing of equal to equal, scalable worldwide. The Mortgage Platform of Viva and the Tokenized Mortgage Exchange connect the borrowers directly with the lenders, while introducing liquidity, diversification, transparency and security to the private mortgage investment, for the first time. Viva allows a free market to determine the interest rate of a borrower's mortgage and eliminates the need for banks and other financial intermediaries. By eliminating the inefficiencies of local financial systems, mortgage rates will more fairly and accurately reflect the level of risk associated with the real value of the asset.

The main objective of VIVA is to revolutionize the old-fashioned mortgage loan industry by eliminating intermediaries and decentralizing the process, thus applying a fundamentally more accessible and transparent approach to financing.

Through Blockchain technology and Smart Contracts, VIVA will increase the availability of credit for borrowers and will allow for the first time non-institutional investors to participate in consistent returns and backed by assets associated with mortgage investments, a product traditionally has reserved exclusively for large financial institutions.

In addition, by allowing the free market to dictate the risk and the associated value of each mortgage-unlike a bank-we expect to see mortgages with fairer prices. The Viva platform will be used by both developed and developing countries, which will allow the world to take a big step towards equality of geographical wealth, breaking down barriers and leaving both parties in a better economic situation.

The project gives the opportunity to earn VIVA tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk WebPage here (https://bitcointalk.org/index.php?topic=3602784.msg36535889#msg36535889), where you can access the link in order to see what are the conditions to become an early VIVA contributor and start acquiring tokens.

For more information about the project, you can visit and read their WhitePaper available here (http://www.vivanetwork.org/public/lib/whitepaper.pdf). You can also stay tuned in their official Telegram Channel (http://t.me/Wearethevivanetwork). I hope you liked the post and soon I'll send you new ones.

Token details
Token: VIVA
Platform: Ethereum
Type: ERC20
Price in ICO: 1 ETH = 35,714 VIVA
Tokens for sale: 3,000,000,000

Roadmap

Date	Event
May 2016	Inception of original idea.
June 2017	Exploration of blockchain ecosystem to identify suitable core technologies.
July 2017	High level, service-oriented architectural planning of the Viva Platform.
August 2017	Exploratory data and feasibility analysis.
November 2017	Developed the Real Value 1.0 Home Valuation Algorithm.
Q1 & Q2 - 2018	Launch of Token Generation Event and development of MVP. Initiate large-scale marketing campaign.
Q3 - 2018	Develop Real Value 2.0 Application. Obtain legal and regulatory licenses.
Q4 - 2018	Launch Real Value 2.0 application. Finalize proprietary ML algorithms.
Q1 - 2019	Begin incremental launch of the Viva Network Platform.
Q2 - 2019	Launch the Viva Network Platform and successfully crowdfund first home loan with Viva mortgage financing system.