I just dont think a de-centralized system is capable of vetting people for loans and i'm nearly positive it isnt any good at prosecuting those who dont repay them.
You are thinking of WeTrust, as HumanIQ has nothing to do with loans.
There are too many ICOs. Nobody can keep track of them in their mind. That is why these ICOs are all going to fail and end up in an ICO oversupply graveyard with no buyers in the aftermarket. We are being saturated with too many ICOs. None of them can get enough mindshare. Our minds are overloaded.
No I was definitely thinking of HumanIQ, I was watching a youtube video about it a month or 2 ago thinking the idea cant work.
According to their own website:
https://humaniq.co/What is Humaniq?
It’s a new blockchain bank using Ethereum as a core platform for financial services such as loans, credit, remittance payments, and insurance, while using biometrics to replace passports and signatures, and an ICO and distributed ownership instead of shareholders, along with an investment fund for third-party start-up acquisition and acceleration.
Never heard of WeTrust but if thats the idea behind it without even looking at it I think it will fail too.
