Quote from: VasilyVIP on March 10, 2018, 03:22:59 PM

What's the main difference between Swapy and other P2P lending services?

Hi Vasily, we are starting with a different approach than the P2P solutions. With our first DApp (available in alpha: https://www.swapy.network) we will allow already established credit providers from emerging nations (high interest rates) to have access to capital from investors from developed nations (low interest rates) with no intermediaries, and then provide more affordable loans to underserved people contributing to financial inclusion - everything traceable, thanks to blockchain technology. This is a faster go to market strategy since they already have the distribution channels and operations established, and are also compliant with countries' regulation.

We also solve the problem of information asymmetry with two other proposed DApps: a self-sovereign identity and a p2p data market place powered by this decentralized identities. We expect that in the medium term, we will have the infrastructure (on top of Ethereum blockchain) to perform tasks such as financial data storage and processing in a decentralized manner (homomorphic encryption and data mining may help to keep the privacy). It would be a second layer network of nodes receiving rewards in SWAPY.

So, I would argue that the main difference is that we cover the pillars of the problem (high spread in emerging nations and lack of good information about the borrowers) in a whole and we are up to build something that is much more than just smart contracts, but also the needed infrastructure to accomplish our mission of Universal Access to Credit.