Koala's Life: Restructuring your credit life

gitagiajose (19)in #koala • 6 years ago

There have been remarkable developments that have been brought by the technological changes. The technological novelty of the internet and the computer has predominantly led to progression of the whole world in every aspect and many individuals have been able to embrace technology. The introduction of smartphones and computers has benefited individuals in many ways. Today, there are many computers that are helping users to store data, be entertained, and have ensured better communication. However, there have been security concerns and vulnerabilities that have an effect on the reliabilities of online platforms. People have been fearing transacting using the online platforms as tsshey believe that they will lose money or their data.

Today, I thank Koala's Life for introducing a new platform that is aimed at rebuilding back the trust that had disappeared long time ago. Koala's Life aims at utilizing the tested and proven technology (blockchain technology) to ensure that the transactions done online are safe, transparent and secure. Please allow me to take you through on the ways that Koala's Life will ensure a transparent, secure, and a cost effective platform that will enhance the user’s experience.

** KOALA'S LIFE ENHANCEMENT OF THE DATA SECURITY**

With the increased usage and accessibility of the internet, there have been many concerns about the need to ensure better security for the users. This is because; companies, business, government agencies and learning institutions gather personal information of their customers and store it in their databases that are vulnerable to manipulation and attack by fraudulent third parties. With this understanding, Koala's Life has developed and implemented security controls in its platform to guarantee better security for its users. The platform uses the distributed ledger technology and the blockchain technology to ensure privacy, the sustainability of data integrity and information, confidentiality and privacy.

SOURCE: (KOALA.ORG, 2018)

Users will be able to use their information and identities on the blockchain platform when transacting or updating their profiles and this security measures will help in weeding out the third parties who use fake identities. The users will be able to review their transaction whenever they want and this will guarantee transparency that has been missing in many platforms. Koala platform which is motorized by Blockchain technology will allow the unbanked communities to have access to the financial services that they have been missing for long. The users will be able to access peer to peer financial services and the micro loans to help them enhance their life.

Wrap-Up: With the understanding that the global ecosystem is becoming more technologically oriented, KOALA'S LIFE has come with an idea to enhance the users experience while carrying out their operations/transactions. Koal platform will offer the community a platform that will ensure that there will be a decentralized community where it will use artificial intelligence and blockchain technology to ensure better learning, evaluation and maintenance of the credit scores basing on user's activity in the blockchain. The process will permit financial functions to be done in a decentralized environment where financial records are kept on the immutable ledgers that allow peer to peer financial services.