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WHAT IS LENDLEDGER?

LendLedger is the first blockchain-based open convention interfacing information suppliers, banks and borrowers to help small business globally open the eight trillion dollars in credits they can't get to today. LendLedger's founders and counsels have made or driven spearheading adventures in developing markets, including SKS (First micro-finance organization to IPO in India), FINO Paytech (70 million customers), and M-PESA in Kenya. V.01 of the LendLedger convention is as of now being used, driving $30 million in advance payment yearly for Happy Loans, an authorized moneylender in India. Loan specialists utilizing the LendLedger convention additionally don't have to hold crypto-resources, along these lines fundamentally decreasing boundaries to appropriation. Their LOANtokens, are utilized to open loaning credits on the system and give access for information suppliers, borrowers and others.
LendLedger unites Borrowers, Lenders, and Data Providers in an open and decentralized system based on blockchain technology. Their central goal is to explain the $8 trillion subsidizing hole that more than 200 million small businesses confront internationally as they battle to show customary records. As the main blockchain-controlled system that empowers borrowers and money related foundations to execute in their local currency, they’re fabricating a loaning market that is comprehensive, dependable, and beneficial for all members. Their product is now driving advances at a rate of $30 million every year in 400 urban cities across India and through blockchain they're scaling internationally.

THE LENDLEDGER GOAL

LendLedger would like to be the answer for these issues by opening up worldwide loaning markets. The platform is changing the substance of loaning to the underserved sections. As of now this platform has prepared a huge number of dollars in credit asks for in India, which has prompted the arrangement of loans to a huge number of borrowers in the casual and independent company divisions in 40 Indian urban areas. This platform is opening up new financial markets over the globe.

THE LENDLEDGER DECENTRALIZED BLOCKCHAIN CRYPTO LENDING PLATFORM

The platform opens information on casual and small business borrowers making it workable for banks to offer loan to the casual traders. LendLedger tries to connect the $2.6 trillion loaning hole between the institutional loaning capital and casual borrowers. The point of the platform is to concoct a loaning market that is both comprehensive and gainful for every one of the members.
This is conceivable on account of blockchain technology. The technology takes into consideration everything about the exchange on the biological community to be recorded continuously. LendLedger interfaces borrowers, loan specialists, and information suppliers to take into account secure, cost-effective, straightforward and creative communications.
With LendLedger borrowers approach their very own information. They can likewise control the information or offer it with loan specialists. The utilization of blockchain and API by the platform institutionalizes how information suppliers and the loan specialists team up.
The open API suite permits the LendLedger system to work in a safe and open way. The convention characterizes the working of the LendLedger biological system as far as how information is sent to the members, how the smart contract works, what is recorded in the blockchain among different capacities. The open API replaces a portion of the capacities done by go-between and gets rid of the requirement for a brought together framework.
Based on an open protocol and blockchain technology, LendLedger connects data providers, lenders, and borrowers for secure, transparent, cost-effective, and innovative interactions.
LendLedger was created at Arth Labs, the technology and innovation arm of ArthImpact Finserve, an Indian lending venture. ArthImpact, under the brand name Happy Loans, collects data on potential borrowers by building relationships with digital service providers, including the country’s largest mobile wallet, largest independent point-of-sale, and major money transfer and rural commerce networks.
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