The VIAZ system is a decentralized platform (or DAPP) that allows to shorten the gap between lenders and beneficiaries in fiat money and cryptocurrency. The VIAZ system will be based on the usage of VIAZ smart contracts that will govern the execution of all transactions within the framework of the innovative and advanced VIAZ application. Just as in the comparison of fiat money and cryptocurrency, a more detailed study of the VIAZ system in comparison with classical banks allows us to detect both similarities and differences between the two systems.
The main similarity lies in the fact that the VIAZ system allows you to link lenders with potential borrowers, ensuring the possibility of receiving, returning and transferring funds within a single international network. Unlike classic banking structures, the VIAZ platform gives a more efficient, profitable and secure solution that meets the interests of all users without exception. Having become the first decentralized application on the blockchain, which is an automated electronic register, the VIAZ app has a number of obvious advantages over other representatives of this densely populated area.
As mentioned above, decentralization is at the heart of the VIAZ platform. The ICO team's task is to make the platform accessible, user-friendly and convenient both for those who prefer fiat money and for fans of cryptocurrency. Millions of people around the world still don't have access to bank accounts or financial services. VIAZ platform gives each of them the possibility to get access to the world of lenders and borrowers directly from the desktop of their computer or the screen of a mobile device. General Information Page | 2 Using a modern banking system allows you to attract the minimum amount of funds distributed throughout the world, making them available for use as an effective financial instrument.
In addition, the problem of transparency of information associated with the use of such tools is automatically solved by the cryptocurrency structure itself. The blockchain technology allows the use of so-called smart financial contracts. In the very near future, systems such as VIAZ will be able to solve problems of collective management, as well as guarantee a clear compliance with the requirements for assets and capital. VIAZ platform is designed to combine digital assets, securities and fiat money, doing something that was simply impossible due to the existence of serious restrictions in the centralized banking system. VIAZ platform will make residents of different countries closer to each other, destroying invisible borders, and allowing each person to be responsible for their financial well-being.
| Industry | Decentralized funding |
|---|---|
| Platform | TEZOS |
| Founded | 2019 |
| Website | https://viaz.io/ |
| Whitepaper | Yes |
| Countries | Cayman Islands |
| Start | March 30, 2019 |
|---|---|
| End | September 30, 2019 |
| Expired | |
| Token | VIAZ |
| Soft cap | $5 000 000 |
| Hard cap | $30 000 000 |
| Tokens for sale | 525000000 |
| Accepting | ETH, BTC, XTZ |
I like the plan for the utilization of funds, obtained through the ICO, presented by VIAZ. Many startups tend to go overboard with the expenses on marketing, but VIAZ is obviously trying to keep things balanced: 33% allocated for software and infrastructure development and 25% for marketing purposes. The fact that the team wants to spend 20% on employment may suggest that VIAZ is currently understaffed, which plays against the project's overall reputation and the capability to attract investments.
After checking the team roster of Viaz, I have come to the conclusion that this project does not inspire confidence in me. Please understand that the core team behind any innovative project, especially the one that operates in the field of finance/lending, must possess a full competency and many years of experience. In the case of Viaz, it does not meet that particular criterion. The first thing I did was check the LinkedIn profile of CEO Peter Meronek. The guy has been working all his life in the construction business. What made him pivot to the blockchain? That’s a red flag for me, big enough to disregard their offer.
There are dozens of projects floating out there that offer a solution similar to the one that Viaz has, maybe with the exception of the crypto collateral feature - it is quite interesting and fresh. It appears that there had been some confusion regarding the identity of some team members, but, apparently, it has been resolved. The VIAZ MVP has been made available to the public, which proves that the project is not stalling.
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