Nice bounty program. I joined. But i do not quite understand the essence of the project - how you can reduce the risks with the help of a blockchain. The essence is not yet revealed
Hi, thank you for your question. The essence is in the platform's decentralized accounting system for businesses built on blockchain technology. The Platform solves the problems of fraud and inconsistencies which exist in isolated accounting systems by allowing for live analysis of financial statements on the blockchain, which is intended to facilitate the determination of credit risk in lending operations. This analysis will be done using a single ledger approach and will consider the all-time historical financial information of participating businesses to safeguard and transform the way credit risk is assessed by lenders, investors, banks and other financial institutions while building an entire blockchain-backed ecosystem. All accounting inputs will be bound to the blockchain, which will secure the entire transaction-checking process in a trustless environment generating unbiased data. The Platform is being built by a Canadian company and its development is halfway complete. I hope this helps to clarify your question. Thanks.
