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Recent Posts By Kajol

P2P Lending Platform development
P2P lending is nothing but a way to allowing customers and novice entrepreneurs to access capital through the internet. It is similar to, taking a loan out from the bank, here the bank will be one of your peers. 
 
P2P lending really helped a lot of small entrepreneurs who are looking to borrow money and to open up their new business. In this article, let's get to know what P2P lending is and how P2P lending works.
 
PEER-TO-PEER LENDING
 
Peer to Peer lending is a platform that connects a borrower who is seeking a personal loan from an investor.  The investor can earn higher returns from their investment than conventional banking systems in P2P lending channels.
 
Verified borrowers are listed on the P2P lending platform to enhance the security of assets. Investors can see all the details about the borrower before lending money.
 
P2P lending is almost like taking a loan from a bank. The only difference is instead of lending from the bank; you will lend from an investor directly.
 
Now let's get to know how P2P lending actually works.
 
So the first and the foremost thing that you have to look after before lending or borrowing is that you need to have a user account in the P2P lending platform. There are various lending platforms you can find in the financial markets such as funding circle, lending club, etc...
 
Steps followed by the investors 
 
If you are an investor, open an account on the P2P lending site and deposit some amount of money. The lending platforms have some qualifications like, who can and cannot invest for loans. Once the admin of the P2P lending channel verifies the details, you will be approved as an investor. 
 
Every investor has to choose which type of loans you want to invest in like business or personal loans. Once the formalities between the lending platform company and investor are done, then investors can start investing money with their peers. 
 
Steps followed by the borrower
 
If you are a borrower, then the first agenda is you need to apply for a loan through a lending platform.
 
The investors will approve your loan and propose to you the interest rate and the loan terms. Sometimes it can be a single investor, or even multiple investors can fund your loan.  In cases of multiple investors, your interest will be divided among them.
 
The investors gain profit from the borrower interest rates, and the lending platform company also charges a small fee for the transaction. 
 
How are peer-to-peer loans used for?
 
As I stated earlier, P2P lending platforms help small businesses to increase their revenue. 
 
Here are some types of loans that have been offered by lending platforms. 

 
  • Small business loan
     
  • Debt consolidation
     
  • Home improvement
     
  • Medical care 
     
  • Military loans
     
  • Personal loans 
     
  • Auto-refinancing

 
Upshot:
                     
This is all about P2P lending. I hope that blog post was useful for people who are about to start a small business but do not have any idea about where to lend loans.
Blockchain Software Development Services
 
In this blog post, let's look at 5 sectors at which blockchain disrupts the processes ergonomically!

Identity Management 

Every person has a set of identity proofs like voter ID, driving license, educational certifications, and many more documents that need to be protected from spammers. However, with the digital evolution, we all have the practice of having a scanned copy of our identity documents for easy access in our devices or mails. These documents are prone to hacks as they are maintained in central servers and single device. Blockchain digital identity management can help users access their documents with public and private keys in a decentralized network. The owners can authorize people to view documents for authenticity and then revoke the access once done. These features of blockchain identity solutions help to safeguard the documents from counterfeit attacks and unauthorized utilities. 
 

Voting

Electoral or community voting is a daunting task that requires a huge workforce at every phase. Right from arranging the poll booths, verifying people's identities, traversing the voting machines to head office, counting and reconciling the votes are tedious processes. Blockchain voting solutions are ergonomic, and the processes becomes simple & cost-effective. Decentralized, online voting helps people cast their votes from the comfort of home after the minder nodes verify their authenticity, and the devoid of intermediaries promotes legitimate voting results. As every vote is verified and added to the blockchain ledger, the reconciliation becomes easier and accurate. 

Healthcare

The Healthcare industry has many pitfalls in maintaining patient records, drug supply chain, processing insurance, and bills. Imposing blockchain in the healthcare ecosystem can enhance the integrity of patients, medical practitioners, drug supply chain, researchers, and federations. Any chronic or pandemic diseases in a locality can be informed with alerts earliest to the blockchain network peers, thereby avoiding the potential loss of lives. Researchers can access huge patient data with their consent and apply those statistics to their analytics. Federations can reconcile the public medical
data in minutes with accuracy. On the whole, blockchain healthcare solutions ease the process for the entire community wheel. 
 

Cybersecurity

The digitalization of businesses has paved the pathway for more centralized servers and governments. With the growing internet community, hackers find potential loopholes to counterfeit the assets, data, and other values from the servers. Integrating blockchain
in social media
, digital identity, and other network platforms can encrypt the data cryptographically with hash algorithms. The cryptographic encryption, immutability, traceability of blockchain enhances the security of assets recorded on the internet. The P2P transfers in the blockchain network without intermediaries enhance the privacy, security, and trust among the internet users. 
 
Shared Economy

Centralized businesses require a huge workforce and cost in every process, and they lack transparency in operations to their consumers and community. When businesses adopt a shared economy with blockchain solutions, they inherit the transparency, cost effectiveness, traceability, immutability of records in their processes. Devoiding intermediaries and promoting P2P transactions in the trade reduces the operational cost, thereby decreasing transaction costs around 20-30% from the existing norms. The
blockchain reformation in the shared economy powers up the economy with quick
processing, reduced transaction costs, decentralized data. 

Wrapping up!

Blockchain is no more an underlying technology, it has hit the industries upfront, and we are in the rea of decentralized reformation. The intense and secured features of blockchain help industries and governance with intuitive solutions. Let's all look forward to the corruption less, transparent, community governance in every industrial process!
An open talk on crypto-assets benefits to the P2P lending and the risks involved in the process!
Cryptocurrencies and blockchain technology are shaking things in every industry and the way it’s being operated. The major impact of blockchain and cryptocurrencies is seen in
the fintech industry at a fast pace. Right from KYC verification to year-end reconciliation processes can be seamlessly surpassed with appropriate blockchain solutions with transparency and legitimacy. 
 

Blockchain changes the way the banking, insurance sectors with decentralized data management, consensus governance, smart contracts, immutable and traceable records. Incorporating blockchain solutions in the fintech processes makes it more reliable for the entire community wheel. Many new-age investors are showing interest in purchasing white-label P2P crypto lending software and launching their platform to run a hassle-free
business. 
 
Now, let’s get deeper into the benefits of P2P crypto lending and the risks involved
in these platforms!

Benefits of P2P crypto lending platform- A brief!

Equality of compliances

In traditional centralized banking systems, the poor people are expected to pay double or triple the amount of interest for the money lent in banks; whereas the privileged high-profile consumers are charged with minimal interests. These sort of norms seem unfair, but these culture of leveraging the banking systems continue even in developed countries due to the centralization of processes. 
 

Blockchain incorporated crypto P2P lending platforms vanish this chaos and bring out equality of norms among every consumer, regardless of their profile and other factors. Similarly, crypto investors can access the global lending market and could potentially reduce the risks involved in centralized systems. Decentralization of P2P lending platform
reduces the transaction and operational costs; thereby, the investor earns high
returns. 

Banking for everyone

Researches reveal that around 39% of the world’s population remains unbanked or underbanked. Blockchain-based P2P crypto lending platform opens the economy to all grades of people with loans, and other banking benefits. The centralized banking systems will never open these amenities to the average-scale people. 

Risks involved in crypto lending- An open & crisp talk!

Blockchain-based P2P crypto lending has its own risks and regulations. However, these market risks in implementing P2P crypto lending platforms are minimal and could be negotiated with some measures. Let’s look at the things you need to look after while getting into crypto lending!
 

Lending platform security

It’s best to have a background check on the white-label P2P crypto lending software about the security threats and bugs before purchasing it and you could possibly create a negative scenario and check on its behavior. Crypto business platforms are often hit with potential counterfeit attacks, hence it’s best to choose a tech partner who is stringent
to security policies. 
 
Market volatility

The volatility of cryptocurrencies can cost you losses in conversions to fiat and vice versa during the lending transactions. Investors can face depreciated crypto values due to market volatility and the borrower can be pushed to pay more. In such cases, it’s best to default the crypto values while repaying the loan principals. 

Wrapping up!

Blockchain P2P crypto lending is the kick-start to the generation at which every common people could experience banking services with complete potential. Soon our financial systems would be decentralized with equality of norms, legitimacy, and transparency of
transactions with blockchain P2P transactions!
Does the P2P lending platform help small businesses? Deep scrutiny!
P2P lending is nothing but a way to allowing customers and novice entrepreneurs to access capital through the internet. It is similar to, taking a loan out from the bank, here the bank will be one of your peers. 
 
P2P lending really helped a lot of small entrepreneurs who are looking to borrow money and to open up their new business. In this article, let's get to know what P2P lending is and how P2P lending works.
 
PEER-TO-PEER LENDING
 
Peer to Peer lending is a platform that connects a borrower who is seeking a personal loan from an investor.  The investor can earn higher returns from their investment than conventional banking systems in P2P lending channels.
 
Verified borrowers are listed on the P2P lending platform to enhance the security of assets. Investors can see all the details about the borrower before lending money.
 
P2P lending is almost like taking a loan from a bank. The only difference is instead of lending from the bank; you will lend from an investor directly.
 
The work pattern of P2P lending
 
Now let's get to know how P2P lending actually works.
 
So the first and the foremost thing that you have to look after before lending or borrowing is that you need to have a user account in the P2P lending platform. There are various lending platforms you can find in the financial markets such as funding circle, lending club, etc...
 
Steps followed by the investors 
 
If you are an investor, open an account on the P2P lending site and deposit some amount of money. The lending platforms have some qualifications like, who can and cannot invest for loans. Once the admin of the P2P lending channel verifies the details, you will be approved as an investor. 
 
Every investor has to choose which type of loans you want to invest in like business or personal loans. Once the formalities between the lending platform company and investor are done, then investors can start investing money with their peers. 
 
Steps followed by the borrower
 
If you are a borrower, then the first agenda is you need to apply for a loan through a lending platform.
 
The investors will approve your loan and propose to you the interest rate and the loan terms. Sometimes it can be a single investor, or even multiple investors can fund your loan.  In cases of multiple investors, your interest will be divided among them.
 
The investors gain profit from the borrower interest rates, and the lending platform company also charges a small fee for the transaction. 
 
How are peer-to-peer loans used for?
 
As I stated earlier, P2P lending platforms help small businesses to increase their revenue. 
 
Here are some types of loans that have been offered by lending platforms. 

 
  • Small business loan
     
  • Debt consolidation
     
  • Home improvement
     
  • Medical care 
     
  • Military loans
     
  • Personal loans 
     
  • Auto-refinancing

Upshot:
                     
This is all about P2P lending. I hope that blog post was useful for people who are
about to start a small business but do not have any idea about where to lend
loans.
How can blockchain consulting services guide you towards the next-gen revolution?
Blockchain was invented as the underlying technology behind cryptocurrencies. But, as of
now, it's booming and has become ubiquitous in every industrial process. As the leading brands have already delved into build blockchain technology solutions for their operations, the enterprises are now showering interests to build customized solutions for their processes. 
 
Blockchain consulting services can guide you through the entire process of implementing a blockchain framework in your business operations. Right from raising funds for the project to marketing, the professional team can take you seamlessly through the process of evolution. You may consider hiring a blockchain development company to build solutions rather than recruiting individual blockchain experts, designers, and
marketers. 
 
In the next-gen revolutions, there are potential key aspects that blockchain adoption would render its users. Let's go through the key features that are beneficial to enterprises with blockchain incorporation!
 
Blockchain adoption next-gen revolution!

Improves integrity & collaboration

Blockchain transactions are P2P and open-source network. This architecture of this
technology promotes direct transactions and globalized collaboration for businesses. With the integrity of information on the network, the members may be much clearer about data sharing and could have access to the updated information. 
 
Authenticity of data

In the blockchain solutions, the network nodes can completely take over their data with public and private keys. Network members can authorize people to view their information and revoke if misused. This feature of blockchain enhances the data privacy of users with complete ownership. 
 
Improves traceability

The blockchain ledger records the data transactions with the timestamp and chronological order. The data blocks are connected with hash and pre-hash values, making it traceable and immutable. The enhanced traceability of blockchain ledger makes it a perfect technological solution for the supply chain and manufacturing sectors. The transparency in the supply chain of goods can enhance trust among end-users. 
 
Addresses security of data

The data stored in blockchain utilizes hash algorithms and cryptography to maintain
high security. The SHA-256 algorithm converts the input data into an alphanumeric string that can never be decoded. The hash algorithms, coupled with cryptographic encryption of data blocks with hash values, make the data blocks secure. The consensus governance adds up to the security feature, making the entire ledger impossible to hack. 
 
Flexible across industries

The modern technologies out there are limited to the industries. Blockchain stands
out from the list and is flexible to render technology solutions across various industries. The major industries that have already adopted blockchain technology for its processes are fintech, insurance, healthcare, real estate, supply chain management, e-commerce, transportation, gaming, and entertainment. 
 
Blockchain is one such technology that can be adopted by every industry without any limitations for its processes. However, it takes ample time to build customized solutions for enterprises, which takes huge efforts, timeframe, and budgeting. The best way to incorporate blockchain solutions in industries is by portions. You can first implement blockchain solutions in the inspection or support operations, then scaled up to the entire process flow. To know more about the blockchain realm, stay connected with us!
Blockchain development Services Company
Blockchain is no more a buzzing word! The tech world has proven its true potential through various real-time project implementations in fintech, healthcare, supply chain,
rail freight, voting, gaming, real estate, energy consumption, and so on. Blockchain is considered as one of the notorious inventions since the inception of the internet. Common people may think the technologists create hype for this DLT, but it mimics the internet's growth rate in the last decade. 
 
Internet is the tech behind P2P transfers of information with centralized governance,
whereas blockchain transfers values in the P2P network with decentralized, community governance. In this blog post, let's look at the major industries that require adopting blockchain technology to their solutions!

Top 5 industries that are revamping its processes with blockchain technology

Supply Chain Management         

Supply chain management is a tiring and cumbersome process that lacks transparency in
product traversing, inventory management, quality control, and other operations. With 
blockchain supply chain solutions, the products can be tagged with IoT sensors or RFID tags to track the goods and record transactions. Blockchain powers up the transparency and quality of products with smart contract protocols in the supply chain sector. End customers can verify products' traversing, quality norms, and potential
counterfeits through blockchain supply chain management.
 
Digital Identity

The rising popularity of digital applications has opened the doors for globalized use-cases and potential information threats. As central authorities manage the applications, data breaches and information threats are increasing rapidly. Blockchain digital identity solutions are decentralized, and the chance of data breaches is low. Moreover, users can have complete control over their data, accessibility, authorization, and also they can revoke access whenever required. 
 
Quality Control

The supply chain of foods, beverages, and other agriculture outlets have no transparent quality norms and inspection. Blockchain-based quality control solutions can be customized with the regulatory norms based on the sector and operations. Automated smart contract protocols can enhance the quality inspection of products with the government-approved quality control officers as miner nodes. Blockchain infrastructure can also provide legitimate end-to-end traceability across the network nodes due to its immutability and chronological data recording.
 
Healthcare

Lack of integrity, interoperability, medical data history, fake or low-grade drugs in the supply chain are the major pitfalls in the current healthcare industry. Blockchain healthcare ecosystem can enhance the integrity, history of patient records with better privacy. The patients can authorize medical practitioners, research scholars, pharmacists,
and other third-parties to access their medical data with private keys. Patients can also revoke the address when their medical data is misused. As the blockchain medical supply chain is transparent, the miner nodes and community can prevent the misuse of drugs. 
 
Real Estate
 
Blockchain real estate solutions can ease the entire process of property transactions, title management, rental agreements, taxation, and other cumbersome processes. The real estate sector could avoid huge paperwork, single-point failures, fraudulent taxation
benefits, and much more. The average investors can also purchase a small portion of high-value properties through tokenization of assets. Smart contracts can transfer properties without any disputes between the entities. The legitimacy and transparency in the real estate sector can contribute to the country's economy to a greater extent. 
 
Final verdict!

Blockchain revolution is undoubtedly hitting our real-time applications. Undoubtedly,
major sectors are experimenting with pilot projects of blockchain adoption in their operations. Instead of hiring a blockchain expert, designer, marketing team to revamp your industrial processes, it's a better choice to approach a blockchain development services company!
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Jon Westenberg follows

  • John Marshal
    @john
    Writer, founder, passionate entrepreneur + I'm on a mission to build businesses
  • John Marshal
    @john
    Writer, founder, passionate entrepreneur + I'm on a mission to build businesses
  • John Marshal
    @john
    Writer, founder, passionate entrepreneur + I'm on a mission to build businesses
  • John Marshal
    @john
    Writer, founder, passionate entrepreneur + I'm on a mission to build businesses
  • John Marshal
    @john
    Writer, founder, passionate entrepreneur + I'm on a mission to build businesses
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