Homelend ICO datesexport to calend
Homelend P2P platform works by embedding mortgage lending business logic into smart contracts. This is the platform’s core functionality. By creating a set of smart contracts that execute business processes, Homelend allows individuals to borrow money from their peers in a trusted, transparent, and secure way. The key idea is that borrowers and lenders are not linked by means of a financial intermediary (i.e.
a bank or a centralized P2P lending platform), but rather by smart contracts that automatically execute a pre-defined business logic.
Any mortgage loan, to be successfully originated, must follow a pre-determined path. From the moment when a potential buyer of a property applies for a loan, to the actual closing of the mortgage loan and transfer of the property from the seller to the buyer, a series of business
processes take place. These processes are instrumental. They are subordinated to three main objectives, issuing a loan that:
1)makes possible the purchase of a property;
2) can be successfully paid back by the borrower;
3) can be recovered to a satisfactory extent in case of default.