Now hackers steal not only money but also data of of users. Borrowers must be absolutely sure that their personal data are safe.
As I understand it will be necessary to pass KYC only for borrowers with unsecured loans, if loans are secured KYC is not obligatory.
In all lending platforms KYC are obligatory. It is impossible to get a loans without KYC passing.
That is why security is very important. It is necessary to keep in safe the personal data of borrowers.
Secure of the platform is an important part of lending platform. Thanks blockchain technology security will be provided.