AssetStream is addressing a really burning problem which is getting a loan. My guess is that every single entrepreneur who had dealt with banks know firsthand that the procedure of loan obtainment could be so tedious that you would rather shoot yourself. I am more than convinced that blockchain will become a driving force for small and mid-scale businesses, thanks in no small way to the likes of AssetStream. Too bad that this project is emerging from Asia and has a primary focus on that market. Otherwise, I would have invested a more substantial amount of ETH.
Nolan June 29, 2019 Reply
The project itself appears to be legitimate, with an excellent, experienced team, great vision, and a working product. As mentioned, it is not exactly unique, but it might be the first one to achieve major success and go mainstream — that still remains to be seen. Their aim itself is not only noble, but also quite useful for the industry. Naturally, it will make lives of the unbanked and underbanked people much easier, so there is really no downside to it. Even the white paper is well-written, 42 pages long, and it goes into great detail, thus further improving the legitimacy of the project. As always, investors should check out the project themselves before investing, but so far, AssetStream appears to be pretty good, with no red flags in sight.
jc June 17, 2019 Reply
Giving people an opportunity to receive cheaper microloans without the intermediaries and the absolutely unnecessary hassle is certainly a very noble goal which should be pursued by any means possible, especially through the implementation of the blockchain technology. Kudos to AssetStream for creating a good-looking ecosystem. However, I wouldn’t call this particular project immensely promising, purely from the practical standpoint. There already are tons of microfinancing solutions based on the use of blockchain: Uulala, NEL, Moeda, to name a few just off the top of my head. Frankly speaking, I don’t how AssetStream would be capable of standing out from the crowd of startups that operate in the same field.
Charlie June 12, 2019 Reply
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