Keunggulan dari IAM blockchain – Prai cool – Medium

Cryptocurrency has opened up a new world in the financial sector that was primarily owned by banks, namely the borrowing and lending of capital.

While peer-to-peer borrowing and lending has developed in recent years in the fiat currency space, it is only recently that companies have been finding methods of replicating these ideas in the cryptocurrency space. What follows is a short evaluation of several available options.

SALT

SALT is a lending platform for blockchain-backed loans. No credit check is required: Users purchase  ERC20 SALT tokens to become a member and then put up bitcoin or other blockchain-backed assets as collateral. They can then borrow money from the platform’s network of lenders. Once the loan is paid back, borrowers get their crypto back: There are no prepayment penalties.

SALT makes no guarantee that a sufficient pool of liquidity is available to fulfill every loan request right away, however, even for approved borrowers. If the pool of money provided by the lenders is all lent out, then prospective borrowers will have to wait for more lenders to enter the system or for funds to be paid back into it.

The cost of one SALT token is set at $25. Tokens are currently sold within the SALT system; however, the token is also available on several exchanges where it is currently trading at about $4. SALT is used to pay for your membership in the SALT system; it is a tiered annual fee that varies based on the size of the loan. At the bottom is 1 SALT that covers up to $10,000 and at the top it is 100 SALT to borrow over $1,000,000 with various tiers in between.

Interest rates on the loans themselves will vary between 10 percent and 15 percent, depending on the terms of the individual loans. When borrowers apply for a loan, the available options are then presented and they can choose among them.

All of the member lenders at SALT are Accredited Investors under Regulation D of 17 CFR § 230.501 et seq., who have passed the SALT Lending Suitability Test. The loans are not transferable via blockchain; they are themselves securities that are transferable through existing financial channels.

Unchained Capital

Unchained Capital is very similar to SALT in that it provides loans against your bitcoin capital. Their details are easier to find on their website than SALT, namely the following:

• Interest rate is 10 –14 percent APR inclusive of all interest and fees

• Terms are 3 – 24 months with options to renew

• Loan to value ratio is 50 percent. Borrow $1 for each $2 you deposit as capital

• Borrow up to $1 million without a credit check

• Make monthly payments on the interest. Due in full on the final payment

CEO Joe Kelly told bitcoin Magazine that Unchained Capital is working with accredited investors and small institutions. They are specifically reaching out to partners to work with them and do not have any public call for investors. Interested investors, however, can contact them and see about working with them. Their current lending fund is over $10 million at the time of this writing.

EthLend

EthLend has more of a full free-market approach as a facilitating platform. Borrowers and lenders can use their system to connect and negotiate everything from interest rate to duration. The platform is entirely based on Ethereum, any other ERC20 tokens are admissible as collateral on the loan. If borrowers fail to abide the terms of the smart contract, then all collateral is forfeit.

This setup is similar to what is currently available with many peer-to-peer fiat lending options. The price of the LEND token is not clear because of various discounts and the highly fluctuating price of ether right now, but the purpose of the token is to provide discounts on the fees charged to use their system.

Othera

Othera says they use blockchain technology to facilitate digital loan contracts, manage their risk and tokenize the repayment cashflow. There has been news going around about the company since the middle of 2016, but their website offers no demonstrations and very few details. A recent partnership announced with London-based commercial real estate lending company Lendhaus indicates big things are in the works, but the Lendhaus website itself is very slim on details and their Twitter profile was only recently created and has no tweets. It isn’t clear if the platform is currently available. bitcoin Magazine reached out to Othera reps for more information but has not yet received a response.

Everex

Everex has been in the press for over a year and touts a number of products and services, such as the ability to transfer, borrow and trade in any fiat currency around the world. One aspect is their EVX token which provides a multitude of utility functions in their microfinance and payment program. EVX token ownership is required to access the system and can also be earned as an incentive or reward based on terms the lenders can specify. Those same EVX tokens can then be used as collateral for secured lending. To use their platform you need to either install their mobile wallet or use their Everex web service.

There is a lot of activity in other parts of the financial market with regard to cryptocurrency as well, such as tokenizing real world assets as investment vehicles. What this tells us is that there is a lot of interest and activity in this space that is certainly going to change the face of banking.

Note: This article is for informational purposes only. bitcoin Magazine does not necessarily endorse any of the above platforms. Readers are encouraged to perform their own due diligence.

In September, SophiaTX announced the first open-source platform to primarily integrate blockchain technology with SAP software, used by 87 percent of global businesses and 98 percent of the top 100 most-valued brands.

“To advance blockchain into business operations, the blockchain must integrate with ERP [enterprise resource planning] and other enterprise applications such as SAP,” notes the SophiaTX white paper. “This sector has been relatively untouched until recently when Equidato Technologies AG [SophiaTX’s parent company] announced their first project, SophiaTX, an open source blockchain platform and marketplace designed for businesses of all sizes.”

The integration of blockchain technology with ERP, CRM (customer relationship management) and SCM (supply chain management) business software is certainly a hot topic pursued by major vendors and blockchain-oriented solution developers. In May, SAP itself launched its innovation system, dubbed SAP Leonardo, focused on next-generation technologies, with an SAP Cloud Platform Blockchain service targeted at all industries, including but not limited to popular use cases in financial services and supply chains. SAP’s blockchain technology platform allows customers and developers to build blockchain extensions for existing applications and integrate SAP solutions in the blockchain ecosystem. Embedded in the SAP Cloud Platform, SAP’s blockchain-as-a-service (BaaS) pilot allows customers to experiment with the technology.

SAP is also envisaging the integration of blockchain technology with other next-generation technologies, such as the Internet of Things (IoT). In September, SAP announced a blockchain co-innovation initiative and plans to make blockchain technology an integrated part of IoT, manufacturing and digital supply chain solutions using its Cloud Platform Blockchain service.

“Prior to defining the strategy and approach for SophiaTX, we assessed the technological capabilities of other blockchains to ensure we were truly adding value,” Jaroslav Kacina, CEO of Equidato and SophiaTX,  told bitcoin Magazine. “We wanted to create a product that will not only be suitable for business but also provide superior functionality and features. We found that very few of the existing blockchains are focused on business and enterprise applications, and we couldn’t identify any that would be suitable for business from compliance, security and architecture perspective.”

Kacina explained that Ethereum, for example, is probably the most dominant platform for initial coin offerings (ICOs) and token generation events (TGEs), but in his view, Ethereum’s use of proof of work makes it inappropriate for providing secure, holistic, high-performance blockchain solutions.

“On the other hand, SAP’s own Leonardo initiative, Blockchain as a Service (BaaS), is shaped as a private solution and therefore tends to be relatively expensive for smaller businesses, as well as less transparent, since it is cloud based,” Kacina added. “We designed SophiaTX with business use in mind so it is compliant, secure and public, therefore allowing businesses and customers across entire the value chain to join and adopt the use of the platform.”

Based on the same proprietary technology as the DECENT blockchain, SophiaTX was created by Equidato Technologies AG, a joint venture between DECENT on the technology side and the Venaco Group bringing its experience in enterprise applications for business to the project.

“We have decided to use DECENT technology due to the fact that DECENT uses DPOS (Delegated Proof of Stake) which is faster than Proof of Work used by Ethereum and bitcoin,” Kacina explained. “We needed a platform which is suitable as a starting point to create additional features to make it compliant, secure and relevant for business. And also, having access to [the] DECENT team’s capabilities allows us to bring [the] product to market in [an] accelerated fashion. The ‘hard fork’ was created as a copy of the DECENT’s main net and installed as a proprietary solution for SophiaTX.”

A proof of concept (PoC), recently demonstrated to a select group of attendees in Zurich, shows how businesses can use blockchain technology to transparently and reliably exchange information between their enterprise systems in real time, with a customer invoice directly created in one SAP system automatically transferred via the SophaTX testnet to another company using a different SAP system.

SophiaTX wants to be a cross-industry platform allowing both vertical and horizontal integrations for businesses of all sizes. “At the initiation of this project, we analyzed all standard modules of typical ERP systems (SAP) across finance, procurement, logistics, sales, manufacturing and others, and we have identified over 15 specific use cases within several industries,” Kacina told bitcoin Magazine.

“It became apparent to us that, in order to adopt blockchain [technology] into various industries and connect to the enterprise applications, we needed to provide common building blocks across all modules of ERP, SCM and CRM systems. This led us to the concept of establishing a platform, as a key infrastructure for peer-to-peer smart transactions, prior to building industry specific solutions.”

Kacina explained that different types of cross-industry scenarios have been worked out. For example, one-to-one document exchange could be used by any industry needing to acknowledge the transaction of invoices, purchase orders, delivery notices and other documents, while multiparty-information exchange is especially relevant for projects or systems with multiple vendors, contractors or collaborating firms. As an industry-specific example, SophiaTX wants to enable a “track and trace” solution across value chains, allowing supply chain transparency and security, which is considered as being of particular interest to the food, pharmaceutical and luxury markets.

The proprietary SophiaTX token, SPHTX, will fuel the SophiaTX blockchain. The SophiaTX token sale will last for 10 days with a hard cap of 115,000 ETH and fund the development, marketing and ongoing management of the project and the overall SophiaTX platform. Kacina explained that the token will grant rights to use and transact using the platform, thus rewarding miners validating transactions and blocks on the chain.

The SPHTX token will also allow access to the development platform and facilitate the licensing for private blockchains. Finally, the SPHTX token will permit using the marketplace, a web-based entry point for customers and solution developers, which will feature an App Store and a Dev Store.

“The SophiaTX marketplace will be used by both industrial companies and a global community of experts, consultants and developers,” Kacina told bitcoin Magazine. “It will be specifically designed to not only share applications and assets, but also to exchange know-how, process maps and blueprints, integration strategies, and to offer professional consulting services to encourage accelerated adoption and use of the platform. A developer, for example, could publish an app in the marketplace which would be accessible to businesses, as well as the end-user community, [that] use applications that integrate with their existing systems. Developers are rewarded when their application is downloaded and deployed.”