Behemoth is Jumping on the “Blockchain” Wagon. Lendium has a different agenda.

Microsoft today announced its partnership with R3 and its consortium of banks in utilizing Blockchain technology in improving efficiencies (mainly back-office functions). Microsoft will dedicate time and resources to eliminating clearing houses, expediting trading processes and performing seamless ownership transfers. It seems the world is finally catching on. However, most Blockchain related efforts are currently dedicated to redundancies and cutting out the middle man. Improvement of archaic functions and being in tune with modern technology (and selfishly, staying relevant and competitive) is what’s driving decisions at financial institutions.

Lendium, on the other hand, is dedicating all resources and efforts on creating a safe, transparent, and easy credit management platform, with a revolutionary loan trading platform — all enhanced through Blockchain technology enforced via smart contracts. Forget about back office functions at financial institutions — how about letting all prospective borrowers (consumers, small and medium-sized enterprises, large corporations) have access to easy credit, matched with eager investors. How about giving borrowers easy access to various liability management tools, such as refinancing, rescue financing, even access to secondary trading levels and liquidity management. How about giving creditors easy and safe way out of an investment, and with no intermediary too! And what about giving investors portfolio management tools to help them meet investment hurdles — both corporate and personal.

Seems too complex for immediate future? Wrong! Already under way. We may be dreamers — but seems like we are all living the dream. Welcome to banking of the 21st century — or as we like to call it, Evolving Banking!

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