There are a number of reasons why using blockchain for borrowing and lending makes sense, especially when it comes reducing fees, cutting out middlemen, and operating in a trustless and transparent environment.
The article below dives deep into the benefits (and drawbacks) of blockchain lending, and thinks about how banks will respond.
It also lists a few of the best projects focussing on this, including SALT, EthLend and Ripio Cedit Network.
https://medium.com/trivial-co/lending-a ... a01c857c43
What do you think about it - would you take or provide a loan on the blockchain?