LendLedger Milestone: Loan Data Live on Private Blockchain
This week has been a particularly exciting one for the LendLedger team. Following the recent launch of our partnership portal we have successfully completed our largest tech milestone to date. All loans from our Indian Lending Partner Happy Loans are now live on our private blockchain!
What does this mean?
As one of the key targets in our LendLedger roadmap, on boarding loans from our Lending Partner Happy Loans onto our private blockchain gives Lenders and Loan Originators a prototype of how the network functions. Potential participants can see all data on loans Happy has made up to this point.
What are the benefits of the LendLedger platform?
For Lenders LendLedger access can lead to:
- Increased Revenue: through a new channel which connects to an underserved pool of Borrowers
- Lower Risk: thanks to verified Borrower data
- Lower Acquisition Cost: by connecting to a myriad of large Loan Originators
For Loan Originators the LendLedger platform facilitates higher returns on data due to a wider range of:
- Lenders: through a new channel that connects to an open network of financial institutions
- Lender Needs: via a diversity of Lenders and product types
- Risk Appetites: through a higher number of favorable lending decisions
Your next steps
- Check out our partnership portal for more information on how you can partner
- Contact us to begin the process of collaboration
What’s to come
The next milestone the LendLedger team is working towards is having this blockchain record all the loans which Happy Loans is making in real time. We expect to complete this milestone at the start of the new year.
