Add Attester Company with airSlate SignNow

Add attester company

not all people like to go through the white paper it's really important well I tried to do for you is take out the important bits I think within there that white paper they point out here reasons why that they saw the opportunity to help people three billion people unable to obtain credit 91 percent of residents in developing nations experience difficult receiving debt financing 30 a piece of the world's population didn't have a bank account a few things we mentioned earlier cross-border credit scoring the way in which they're looking to change creditworthiness assessments having no borders you know being able to tear down borders for lending identity theft and competitive credit scoring ecosystem there is literally three companies kind of have the market cornered in America and probably in the UK as well so their protocol components of bloom ID bloom IQ blooms school this one really makes up the system and it just shows you the graph there about how how it all works how blooms school bloom IQ again pause if you wish to have a read no attestation is where you in effect a system will work if you have the the nose that will operate the system there will be no new tokens so you'll have these notes and institutions will be paid for providing information so that's what keeps the system moving so verification will be things like electronic ID verification documentary verification social verification sanctions screening which is really really important whenever you lend money need to make sure that the person you're lending money to is not part of sanction they're not you know maybe anything to do with Crimea politically exposed people will be someone who is a member of parliament someone who potentially is a member of a royal family so these are things that you have to do whenever you're lending money you know just comes up it appear at station about you I think the key thing really revealing creditworthiness through relationships is quite important as I mentioned earlier there are some banks that don't actually provide information they take it but they don't actually give anything back so this provides an incentive for people to vouch or companies to vouch for individuals bloom IQ reliability score Pierce scored number of loans taken out so one of things that they'll look at is when they're setting someone's credit worthiness is a look at what loans they've taken through bloom past identity checks that are done and you know it could be very useful and again it's quite a lot of detail there in relation to how they actually work out the loan risk assessment lifecycle which it yeah something I've dealt with in the past I can confirm it's not very interesting but feel free to average now the bloom token as mentioned before works as a currency it's distributed to help scoring enhancements as a they're going to use it for the invitation system to try and get people on initially so when people when companies come to the network they will actually have to buy a significant stake of bloom to actually become a testers themselves become a crediting a testers the other thing is quite interesting is actually looking to use or create a bloom card now they're not looking to compete with the other cards but we can remember a lot the other car direction debit cards they're actually looking to create a true credit card that can be used as a debit card but it's going to be used really to prove the use case they're not looking to become at a major large scale credit provider but I think is I'll be hoping to get one to put it that way look into operate a card and Bitcoin aetherium to u.s. dollar I'm looking to get the best rate possible at that time and also facilitate peer-to-peer lending which will be quite interesting as I mentioned Jesse is a steel fellow other advisors I thought were quite interesting as well yeah the whole team area yeah I could be here all day talking about the team but yeah another big one that stands out for me is Joseph's co-founder of district X so yeah very very informative white paper