Viva Network - crowdfund homes and invest in mortgages globally

One of the emerging technologies of the modern world that threatens to make entire areas of business obsolete is the blockchain technology. A cryptocurrency based on this technology is slowly gaining recognition in new markets. For a while, cryptocurrency was considered to be the "hacker’s coin" used at black markets only, but these days, you can use it to pay for things like online purchases, transport… and real estate.

Viva Network

Cryptocurrency can buy you a home now

The mortgage is one of the most common ways to purchase real estates such as apartments and houses. The most real estate is too expensive to buy it in one lump sum payment, so it is more often purchased by means of a loan. For a long while, this made most people wishing to buy real estate dependent on banks and obliged to abide by the banks’ conditions, such as high-interest rates. With Viva Network, this is no longer the case, because Viva Network uses Ethereum.

Meet Ethereum

Ethereum is a rapidly rising cryptocurrency which features "smart contracts" and is useful for crowdfunding. The Viva Network is, in its essence, a form of crowdfunding as well: the sum desired by the client who wants mortgage is collected part by part from a group of investors all around the world. There is no bank to work as a middleman and collect additional interest, so this makes using Ethereum and the Viva Network more efficient for the mortgage seeker than asking a bank for a loan.

Team

Nick Thomson (Founder and CEO)

Currently, Nick Thomson is the Chief Executive Officer of Viva Network. Prior to founding Viva Network, Nick Thomson owned the Scooter Mart Motorcycle Dealership and, before that, worked as an employee of the KPMG professional services company. He received his degree in Finance from the Florida State University. Nick Thomson is a Bermudian citizen and resident.

Christian Fiddick (Chief Architect)

Christian Fiddick is Viva Network’s co-founder and the mind behind the new application of the blockchain technology. Previously, Christian Fiddick worked for the insurance company Validus Holdings, Ltd. Like Thomson, Fiddick is a resident of Bermudas.

Links:

Website: http://www.vivanetwork.org/

Whitepaper: http://www.vivanetwork.org/pdf/whitepaper.pdf