Alternate Lending, Alternative Lending, Blockchain, FinTech

Re-Define Collateral in Digital Lending and Economy. Youngsters are Digitally Rich than Asset Rich.

Do we need to re-define, "Collateral" in DigitalLending? Is collateral only about something physical?- Isn't storing contact details from a borrower's mobile phone collateral?- Isn't asking for social media information and taking virtual access to mobile phone collateral?My question is, can someone's YouTube, LinkedIn, Facebook content and connection quality be used as collateral for a… Continue reading Re-Define Collateral in Digital Lending and Economy. Youngsters are Digitally Rich than Asset Rich.

Blockchain, FinTech

Blockchain in Life Insurance can save a lot of field survey cost and moral hazard instances.

#Blockchain in Life #Insurance, can save a lot of field survey costs, this will also keep the data transparent, genuine and secured. The insurance companies can use the blocks created by different institutions to verify the field activities. For e. g in case of a life insurance verification and payment, the Blockchain can have: 1.… Continue reading Blockchain in Life Insurance can save a lot of field survey cost and moral hazard instances.