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Mortgage financing technology: connecting homebuyers directly with global investors.
Smart contract blockchain
Stephen W. Thomson - Advisor
Todd Barclay - Advisor
Viva is a transformative financial technology that introduces large-scale decentralized mortgage financing to the world. Viva’s platform will utilize smart contracts to crowdfund home loans, connecting borrowers and investors directly within a decentralized, trustless ecosystem. By leveraging ultra-secure blockchain transactions, Viva cuts out the middlemen, resulting in a lending process that is more profitable and efficient for all parties.
Viva enables a free market to determine the rate of interest on a borrower’s mortgage and removes the need for banks and other financial intermediaries. By eliminating inefficiencies in local financial systems, mortgage rates will more fairly and accurately reflect the level of risk associated with the asset’s true value.
The Viva project aims to make the process of obtaining mortgage loans easier, and make the loans themselves cheaper. For this purpose, it is planned to create an ecosystem like UBER, which will link borrowers and creditors. In general, this idea is not new at all and was repeatedly offered by other companies. In this case, there is a narrow specialization in lending for the purchase of housing, rather than lending in general. This slightly reduces (albeit does not cancel) the need for an assessment of the borrower's creditworthiness. After all, in this case, the insurance against non-payment is the housing itself. However, in this regard, there are some new difficulties associated with the evaluation of housing and so on. If we consider the quality of preparation for the ICO, it is on an average level. It is especially bad that the declared MVP is in the restricted access only for the participants.
User ReviewWrite review 1 reviews
Viva is going to change the world by giving financial power back to the people. Viva has a revolutionary idea and a strong dedicated team. By utilizing blockchain technology Viva will connect homebuyers with individual investors from anywhere in the world, regardless of national borderless.
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