Block.Loan is a next generation #Crypto Personal #Loans and Credit Platform designed to deliver loans globally through a #decentralized platform.

What is BlockLoan

Traditionally access to credit has been through physical institutions, primarily banks and credit card companies - these institutions typically have had limited incentive to evolve or adapt to modern consumer needs. Consumers in need of credit would currently need to navigate a model built around an antiquated institutional processing pathway which we define as slow, bureaucratic, reliant on outdated processes and using business models that are cumbersome for both lenders and borrowers.

Vision

We believe that access to #credit should be transparent, easy to understand, real-time and take advantage of new technologies to reduce risk and complexities for all parties. However, traditional #financing is channel specific and focused on utilising their outdated systems rather than rapidly evolving to meet the new consumer needs.

Developing a solution that can tap into alternate credit sourcing data and methodologies enables #BlockLoan to potentially serve a broader consumer audience more effectively.

Introducing Banking as a Platform on Blockchain

BlockLoan delivers a unique platform and marketplace approach to global lending including:

Traditional, non-traditional and AI driven credit scoring;

Borderless crypto personal lending;

Unique margin lending in crypto against equity portfolios;

End to end loan origination, matching and loan management;

Country specific partnerships to minimize default and manage collections;

Global access to funds via crypto debit card and payment facilities;

Pooled loan fulfilment model that diversifies risk for lenders.





Supported by an Existing Bank as a Platform Model

The BlockLoan team has leveraged the significant banking and finance experience of the Lodex team and platform in both the Australian and various other global markets to gain significant traction in Australia through the Lodex brand.

Already more than 35,000 users have signed up to Lodex to access powerful tools including credit scoring, social scoring and property valuation reports or used the platform to set up a reverse auction so that banks and brokers can literally bid for their loan or deposit need. The primary reasons users stick with the platform are to access the industry-leading credit management system and proprietary customer verification/credit scoring tools which they can then in turn use to their advantage on the auction-style platform.

This model switches the power away from lenders to a more equitable model where lenders and brokers bid against each other for the right to meet the consumer’s loan or deposit need.

BlockLoan Tokens

The BlockLoan token offering is in private mode currently and you can participate at https://block.loan