Yesterday, I saw a news article which said that ZOS (which recently received investment from Matcha Exchange) will be online soon.

Matcha’s new project with ZOS will be online on July 31 on MXC Labs

Matcha announces that ZOS will be online on July 31. ZOS is a blockchain company which is creating a platform to realize the potential in decentralized finance with loans, transactions and investments (in stablecoin).

Matcha Exchange is one of the most popular platforms for transactions. New cryptocurrencies which go online on their platform go through a phase of huge increases and decreases. Their own coin: MX went through the same phase as well.

Just as I was chatting with a friend the other day, he mentioned ZOS and complimented on its terms of lending and compliance with financial institutions. As although there are many lending companies now there compliance and loan system are often opaque leading to uncertainties over the money is coming from or going to. This is what made me interested in ZOS. By reading their white paper (downloaded from their website in Chinese), I started learning more about their company.

At this stage, ZOS is building a decentralized lending network. Next on the basis of this, through the stable currency issued by itself, it will encourage individuals and institutions to carry out financial product innovation and operation based on their crpytocurrency, and from that finally create a financial system.

Loans is the main part of their project. Currently in traditional financial lending systems, there are 4 main weaknesses: Different credit rating, high business costs, transaction time lag and cross regional collateral disposal.

However, cryptocurrencies can solve these problems. The liquidity of digital assets is much higher than any traditional financial products. It can achieve cross-border and cross-economy flows plus clearing settlements in real time.

ZOS is using this to provide users with a global lending service that allows users to mortgage existing crpytocurrency assets through the platform and instantly obtain legal currency funds from other users. For example, if the borrower mortgages digital assets (BTC, ETH, etc.) the lender can lend the legal currency (Singapore dollars or Canadian dollars etc.) without risk, and there is no geographical restriction. As long as the borrower returns the legal currency within the prescribed time, the mortgage can be redeemed.