VIVA Network – A better way to buy a home

youngbjn7777 (27)in #viva • 6 years ago

I believe many of us are eager to have a beautiful house. But not everyone is financially able to realize their desires. The most feasible solution is to borrow money to buy a house and mortgage the house itself. The problem is that many people do not have access to this solution, and in case you have access to it, you will always be disadvantaged when intermediaries (Banks) take control of interest rates. Today, with Blockchain technology, we have a mortgage-backed platform based on this technology, which promises to change the traditionally mortgage lending model. One of the most prominent platforms is the VIVA Network. Viva is a platform providing asset and loan services using Blockchain technology through smart contracts and financial systems. Viva uses smart contract technology to directly link between borrower and lenders, bringing to the free market and eliminating the unnecessary intermediaries.

VIVA will create a distributed ecosystem that will directly connect mortgage borrowers and investors globally. All will be integrated under the cloud platform, created using Blockchain technology. Modern Ethereal platform is used to create decentralized services based on smart contracts. All of that assures the safety of transactions in the platform, creating the confidence of mortgage clients and investors. Viva Network's mission is to remove the mortgage industry by allowing buyers and sellers to set their own terms. Any individuals, any country in the world, have access to credit financing for loans through an open, decentralized, open-market network based on Viva. In addition, Viva Network is a platform for investment and savings for users, meaning they have access to their standard credit, savings account, and secure transactions.

The VIVA project also created the Exchange FMS application, designed to make real estate transactions on the secondary market. Applying collateral shares in modern ecosystems will provide investors with the acquisition of mortgage loans from real estate buyers from anywhere in the world. The use of an advanced platform will make the process of making transactions faster, safer and simpler. Each trader will have free access to the market, and will also be able to use international interest margins and receive mortgage loans under favorable conditions. They will have lower interest rates, which will allow you to maximize your return on investment. As a result of the project, benefits will be provided to all participants in the mortgage real estate market.

The main objective of VIVA is to remove the traditional mortgage lender, which is ineffective, lacking transparency and confidentiality. As a result, an ecosystem is created that provides quick and transparent transactions to buy real estate. A new platform for the project to have its own advantages:

Viva uses state-of-the-art technology.
Ensure funding for decentralized and undocumented loans, thereby eliminating intermediaries such as banks and other financial institutions;
The project will create a free market in the mortgage industry, which will make the housing more accessible and create more efficient deals.
The project will be improved through the use of modern mobile applications;
Each participant benefits, their profits increase and transactions are simplified.

Each private mortgage covered by The Viva Network will be divided into 100,000 Fractional Mortgage Shares ("FMS"). These FMS are then sent to the Viva Network platform to mobilize capital from the community and if successful, they listed as FMS stock on the FMS Exchange application of the Viva platform. This will provide the VIVA token holder of a qualified with the utilities of being able to act as a crowd and purchase a FMS with their VIVA token. In addition, owners of VIVA tokens will have an application exclusively for them - Real Value 2.0. The RV2 is a proprietary, decentralized home valuation application that will be located on the Viva network. It is actively collecting market data as well as detailed assessments of any real estate property. This will give maximum support to investors in finding and deciding to buy a perfect home.

Conclusion, the platform is being designed to revolutionize real-estate industry. By using smart contracts and Blockchain technology, VIVA is planning on eliminating the bank’s financial institutions and other middlemen to maximum profits for buyers. At the same time, they are looking to end the old ways of operation in terms of more gates and loans. VIVA is a better real platform, the real team and probably one of the better ICO to keep an eye on.