Libra Credit is a decentralized leading ecosystem that facilitates open access to credit anywhere and anytime based on the ethereum blockchain. Libra Credit is founded on the mission to provide “Credit for the Real World”. Devoted to the provision of credit anywhere and anytime, Libra Foundation will build a secure, convenient and globally inclusive financial services ecosystem. In light of the opportunities presented in distinctive markets, a network solution will be key in unlocking the value of existing geographic and functional solutions. The team of financial services veterans and blockchain technologists has a proven track record in building payments, retail lending and risk management solutions.
LIBRA CREDIT IS A CREDIT PLATFORM
The Libra Credit Platform focuses on a dual-credit risk scoring mechanism that takes into account both the creditworthiness of the pledged collateral, as well as the individual credit information of the borrower. Borrowers may pledge any crypto-assets as collateral and receive loans in their desired asset. Through smart contracts and our own proprietary collateral valuation and liquidation system, Libra Credit will lock in agreed terms between borrowers, lenders, custodians, guarantors and liquidators. The platform pulls together an ecosystem of four different types of partnership networks, as outlined below:
The technical infrastructure of the Libra Credit Network comprises of four major components including:
A) Libra Lending Platform.
B) Partnership Network Access Integration.
C) AI Credit Assessment Engine.
D) Smart Contract Suites built on Ethereum blockchain.
Libra Credit offers a quick and seamless digital lending process that can be completed online or in a mobile application in five easy steps.
A) Application
B) Verification & Credit Assessment
C) Notification & Confirmation
D) Collateral Deposit
E) Disbursement
Finally, Competitive Advantage Compared to existing digital lending models, Libra Credit differentiates itself in:
• Diversified sources of funding
• Proprietary collateral-based assessment
• In-house crypto-exchange
To further understand Libra Credit kindly visit all their social media page and go through their whitepaper;
Website; libracredit.io
Twitter; https://twitter.com/LibraCredit
Telegram; t.me/libraofficial
Whitepaper; https://www.libracredit.io/page/Libra%20Credit%20Whitepaper.pdf
Article written by
Obianodo Anenechukwu