On 5 July 2017, the conceptualisation of a decentralised loan marketplace based on the trustless architecture of blockchain was formed.
We felt that blockchain was possibly an ideal platform to theorise, conceptualise and put into action a working decentralised finance platform which will anonymously connect lenders and borrowers around the world in a seamless and secure manner.
Beyond the basic concept, supporting products strengthen the business model to make it a real world usable dapp (“Decentralised App”). For it to achieve its ultimate goal, decentralisation of every main function is pertinent, from lender and borrower discovery/matching, borrower credit rating, to loans portfolio management. Without the supporting products, the business model would be incomplete and practically unusable.
CashDab’s draft white paper is available for viewing soon.