Debt: Small Business Financing Decentralized

The level of risk that accompanies loans to households and businesses is called the GDP deficit of credit. On the other hand, this poses a threat to the traditional banking sector and is also an obstacle for households or businesses that may require loans.

The worst of success in this case is for small and medium enterprises (SMEs). The World Bank's evaluation shows that formal and informal SMEs around the world have a credit difference of about $ 2 trillion, in which the banking and SME sectors are responsible. Banks do not interfere and always choose to work with large companies due to the low level of risk tolerance used in the traditional banking sector. On the other hand, SMEs primarily treat their finances unprofessionally, leading to poor financial management, which reduces their financial security.

In an effort to solve this problem and give hope to SMEs, there is the "Alternative Finance" industry, in the form of peer loan interpretation research based on credit balance, channel financing. supply, commercial loans, VAT financing, among others. Despite the many attempts by the alternative financial industry to address the shocking credit gap, the gap continues, although the available capital is substantial. Therefore, a different and more effective approach is needed. This approach is what the Debitum network offers. https://debitum.network/

More information about the platform.

The Debitum Network uses blockchain technology to secure and lend to 70% of SMEs worldwide who do not have access to credit. This is done by offering Debitum platforms, where individuals and SMEs unite and share resources for the benefit of each other.

The Debitum Network is unique because it uses three important questions / strategies to bridge the credit gap;

• Correct decentralization: To ensure optimal decentralization, Debitum organizes institutional providers and borrowers into "communities"

• Hybrid and flat cryptographic connections: The Debitum Network allows you to use cryptographic currency and currency. Over time, as cryptographic currencies become more mainstream, the Debitum network will continue to grow until it can transfer capital related to loans into the block chain.

• Based on the trust, since the loan is primarily based on trust in the creditworthiness of the borrower, the Debitum network ensures that all transactions are related to arbitration of intelligent trust contracts, which will provide an objective trust rating for each partner community and co-workers.

To learn more about Debitum and its gadgets, visit https://debitum.network/whitepaper

Details of ICO.

The Debitum marker (DEB) based on the ERC-223 standard will be available to investors during the Token Generation Event (TGE) to further develop the Debitum network. 400 million DEB will be invested in supply. The token generation event will take place in two stages.

• Round AStart date:
• December 7, 2017End date:
•  January 21, 2017

• Round B
• Start date: January 25, 2018
• Dateends: February 25, 2018 An innovative credit system that operates on the Debitum network.

For more information about TGE and how to participate, click https://debitum.network/ico.

Be part of this attraction and invest in Debitum for a volatile financial transformation!

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AUTHOR: jelambar111

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