What is DDLP Platform?

Hi everyone! at previous chapter we has told about our Road Map after finished JFIN’s fundrasing and refer to the transparency of fund spending which all readers has well-known that was the Decentralized Digital Lending Platform (DDLP)

However, “What is DDLP Platform? What benefits can be? How related to JFin token? “

Before move in-depth to these questions, we would like to inform the problem of requesting for a loan system as our main DDLP concept that was…

Problems with access a lending.

Nowaday, reaching a lending for someone who need still has a gap and many problems. Example, access a micro loan or small and medium enterprise or not enough assets. That’s why they’ll face more difficulties.

When the financial institutes will release a lending to any micro loaners. They will consider from all assets including finance history verification which these process are lacks of performance.

Many steps of consideration and also documents verification spend a lot of time, affect the quite higher of cost and release a loan fees. No matter what any loaners have more reliability or in-time capable of loan payment.

“They have a chance to rejected.”

From the lack of assets or some information needed by financial institutes. They would join a loan shark service and face the interest rate of lending more than 150% per year. So this is a big gap that DDLP system will solved.

Decentralized Digital Lending Platform (DDLP)

DDLP is a platform for digital lending with decentralized by matchingboth people who release a lending and people who need a loan directly.

The blockchain technology has brought to make a system for transaction with decentralized, using an electronic wallet to keep personal information instead of network also use Smart Contract which issued an electronic financial contract with automatically working then lead to accuracy, reliability, stability of data.

All of explanation shows that a lending between people become easy and low cost. Not only less in time spending or less in fees but also DDLP from JFin has selecting system to suitable with a loan applicant by just submit some documents to have an approval process soon.

Credit Scoring

One of the big problems about lending is loan verification which DDLP system will use “Machine Learning” method to calculate the reliability such as payment history, social usage, JFin’s DDLP transaction history and so on.

The main of lending is to consider interest and credit line of loaner. It seems good benefit of both side.

• For lending, the platform will show the loaners have more or less in reliability, consider risk factors and more accuracy rewards.
• For loaner, although unstable in assets, but if they have in time debt payment history in our platform and leads to calculate more reward points, let them could request more credit line with lower interest.

Besides, JFin will also use AI and Machine Learning to calculate the Credit Scoring.

JFIN Token

Many people would have questions about JFin Token at this moment.

“What did these tokens do?” and “What value comes from?”

This JFin Token was called Utility Token to make a Proof of stake for receiving fees from the DDLP system.

Actually, the fees from DDLP transaction will delivered to a person who bring JFin Token for stakes and obtain the system fees in return.

In the future, when the development has been finished. Users will use JFin Token for stake on the platform and get rewards from used JFin Token, including this JFincoin has another utilities, for example.

• Use as Utility, the fees in DDLP system as lending fees.
• Use for auction or trade, JFin has cooperated with VFin to make an auction about artist accessories.
• Use in E-voting platform, JFin’s next step.

These are some details about DDLP platform or in brief it’s a kind of

platform with decentralize. Users could request a loan or lending quickly. The digital system will support approval process with convenience, faster and less time when compare with others. These benefits also move ahead to advanced lending development in the future as well.