The utility of VIAZ is to provide a decentralized funding platform, connecting its users and acting as a conduit between the cryptosphere and fiat currency.
VIAZ is a decentralized application (“DAPP”) bridging the gap between lenders and borrowers of fiat and digital currencies. VIAZ will employ VIAZ Smart Contracts for transactions initiated on the VIAZ Platform. Just as similarities and differences exist between digital and fiat currency, a closer examination of VIAZ compared to the traditional banking system reveals both converging and diverging characteristics. A notable similarity is that the VIAZ Platform, by putting potential borrowers in direct contact with potential lenders, empowers users to borrow, lend, and transfer currencies throughout a global network. But, unlike banks, the VIAZ Platform will provide a more efficient, cost effective and secure service for all users. The first DAPP to run on the Tezos blockchain, a elf-amending crypto-ledger, the VIAZ Platform has inherent advantages when compared to other competitors in the bazaar.
As mentioned, the VIAZ Platform is decentralized. Our aim is to make this market driven platform conducive for crypto and fiat loyalists alike. Billions of people globally do not have access to banks. The VIAZ Platform provides them with an opportunity to take advantage of this global network of lenders and borrowers from the convenience of their own desktop computer or smartphone.
A sound banking system mobilizes the small and scattered savings of the community and makes them available for investment in productive enterprises. The question of institutional accountability speaks directly to another promise of cryptocurrency. With its capacity for programmability, a blockchain can enforce smart financial contracts. Recently, and into the future, blockchain technology such as the VIAZ Platform will solve issues of collateral management and guarantee compliance with capital requirements.
The VIAZ Platform will connect digital assets, equity, and fiat in ways not previously possible due to boundaries inherent in the traditional centralized banking space. The VIAZ Platform will bring the world closer by dismantling these boundaries and empowering individuals to take control of their own financial destinies.