The atomic unit management is really better centralized. There's no way to decentralize it properly and centralization is needed in that case.
Yes, and smart contracts for actual contract / agreements tracking.It would open up the market really. Also I guess it would be much more transparent than current solutions.
Depends on which parts is the blockchain used for.I'm glad this was brought up! Two types of data will be centralized:
1. Fast and mission-critical structured data, especially data that requires guarantee that two or more updates either succeed or fail as an atomic unit;
2. Dynamic unstructured data such as personalization, user profile management, big data, interacting with internet of things (IoT), etc.
The automated administration and legal obligations of each borrower contract, together with all associated documentations for that contract will be decentralized. Thus, each borrowing contract will be transparent, open-source, and most importantly, due to our unique method of coding (see this blog post), the smart contract becomes a binding agreement between the participants - unambiguous, immutable, and no arbitration required.
100%. We are making the contracts simple enough that anybody can read the code, and instantly understand exactly the nature of the loan, the self-service options (prepayment, refinance, etc.), amount owed, etc. The participants can even choose to release the code out for a third party auditor to check that it is all above board. We are promoting a trustless financing marketplace.
