A few days ago, Tbilisi hosted a two-day DigitalHot conference, which was attended by more than 100 Leaders Opinion of IT-technologies and representatives of the blockchain industry from Russia, Georgia, Ukraine, Belarus, Armenia, Kazakhstan, and Azerbaijan. Major participants of the conference were business owners, founders of startups, IT-specialists, investors and crypto-enthusiasts, civil servants.
The Gold Partner of the conference was FinWhaleX, which presented the Crypto-Fiat P2P lending platform. The realization of the idea became possible due to Blockchain technology by implementing Machine Learning and Big Data.
CIO of the project Sergey Sevantsyan guided through the principles of the platform — a look from the inside. He explained the main differences from similar platforms as well.
– For today we have the opportunity to take out a loan directly from each other bypassing credit institutions and banks at low interest rates. Respectively, now we have an opportunity to provide a credit and make profit on it. The platform simply is a marketplace for deals and transactions over the crypto.
As Mr. Sevantsyan explained, today fiat loans are already implemented on the platform on the deposit of cryptocurrency, and going to deploy an opportunity to accept not only crypto, but digital assets and real property as well which can be left as collateral. This became possible due to the partnership with a network of pawnshops who expressed willing to cooperate at lower interest rates. More details can be found at the official telegram group @finwhalex.