Over the past decade the P2P lending industry has been growing rapidly.
P2P (peer to peer) lending connects those people who want to borrow with the who have capital that they want to lend. By removing third party financial instutitions and enabling borrowers and lenders to directly connect, P2P lending can enable investors to enjoy higher ROI and borrowers to obtain loans on more favorable condidtions.
The P2P lending industry includes a diverse range of companies and platforms. While this diversity is one of its strengths, it can mean that it is difficult for investors to fully diversify their loans.
That’s why in 2017 ten large P2P lending companies in South Korea formed the “Financial Alliance”. This alliance enabled investors a much large pool of loans that they could access. In the process it allowed them to maintain good levels of ROI while further diversifying their loans.
One of the most interesting off shoots from this alliance was the creation of ZPER. ZPER was the brainchild of three of the companies within the Financial Alliance. The idea was to take the learnings from the alliance and take them to a global scale.
This would be made possible through blockchain technology which allowed participants from all over the world to connect to the network. What’s more by implementing smart contracts, both borrowers and investors would benefit from greater transparency and certainity.
Participants in the ZPER Ecoystem
There are six types of participants in the ZPER ecoystem:
Date providers – These are the participants that provide data for the ecosystem. This data is generated both internally and externally with the ZPER ecosystem. The primary purpose of this data will be to evaluate borrowers. Some examples of the type of data used will be bank records, school records and salary certificates.
Borrowers – These the individuals or businesses which apply for loans. Borrowers can take out a loan for a wide range of reasons including housing expenses, living costs or education. Businesses can borrow startup up funds or to expand their business.
NPL Buyer: These are participants who buy up non performing loans. These act as a guarantee for investors within the ZPER ecosystem.
Robo-Advisor Companies – These provide algorithms as a service to evaluate that ZPER ecosystem and providing recommendations on investment products.
P2P Finance Companies – These companies control the overall process of investment. This includes generating the loans, taking care of reimbursements and providing assessments of the borrowers.
Investors – These are the individuals and investor who want to lend out capital in the form of loans in the ZPER ecosystem.
Overview of the ZPER Initial Coin Offering (ICO)
ZPER will be the medium of exchange used through-out the ZPER ecosystem. In total there will be 3.5 billion ZPER tokens created. Of these 2.2 billion ZPER tokens are being offered for distribution in the ZPER ICO. There has been a hard cap set at 45,000 ETH and a soft cap of 5,000 ETH. ETH will be accepted as the payment method for the ICO.
You can read more about ZPER by visiting:
ZPER Website: https://zper.io/
ZPER Whitepaper: https://zper.io/paper/Whitepaper_Eng.pdf
ZPER Facebook: https://www.facebook.com/ZPERplatform/
ZPER Twitter: https://twitter.com/zper_team
ZPER Medium: https://medium.com/@zper