[ANN] BLOCK66 : Uprooting the entire mortgage industry, replacing it with the loan-ecosystem of tomorrow.

[Asbab4real]

WHAT IS BLOCK66 ?

Block66 is the first blockchain platform where lenders can access a marketplace of evaluated borrowers looking for mortgage finance. This marketplace is public, transparent, and highly automated, so lending is streamlined, with lower costs, and lower risks. Each loan is represented as a pool of "proof of loan" (PoL) tokens that can be individually resold to investors, providing lenders with liquidity, and empowering a diverse pool of investors.

PROBLEM OF MORTGAGES FINANCE TODAY

1. Most borrowers, whether they are purchasing property or refinancing their home, focus on their mortgage rate and loan terms rather than the type of lender they choose. The landscape of the lending market has shifted dramatically over the past few years from domination by big banks to a market where more loans are made by non-banks — financial institutions that only make loans and do not offer deposit accounts such as a savings account or checking account. For consumers, it doesn’t really matter whether you get your loan through a bank or a non-bank, although in some ways non-banks are a little more nimble and can offer more loan products, The impact is bigger on the housing market overall, because without the non-banks we would be even further behind where we should be in terms of the number of transactions.

2. Mortgage fraud is not just predatory lending practices that target certain borrowers. It is any sort of "material misstatement, misrepresentation or omission relating to the property or potential mortgage relied on by an underwriter or lender to fund, purchase or insure a loan." With this working definition, we see that mortgage fraud can be committed by both individual borrowers and industry professionals.

SOLUTION TO THE PROBLEM OF MORTGAGES INTRODUCED BY BLOCK66 PLATFORM.

1. Block66 will be the world’s first blockchain to enabled mortgage lending network by shaking up the mortgage lending landscape through the practical use of smart contracts, loans can be taken from origination to facilitation, quickly and efficiently.

2. Block66 will eliminates the need for a bank account, overcomes geographical lending restrictions and reduces counterparty risk to mere minutes, Thanks to the use of cryptocurrency. For borrowers, the transparent and competitive nature of the marketplace will benefit the consumer and give them confidence that they’re getting near enough the best offer achievable.

3. Block66 will improve the markets by reducing mortgage fraud. Will be a matching engine for borrowers and lenders promising a three-fold saving on conventional mortgage application times. All loans will be issued on the blockchain, and funds are drawn down via the resulting smart contract. All documents related to the mortgage transaction will be validated and stored on the blockchain providing immutable history and authenticity.

WHY BLOCK66 IS DEFERENCE AND UNIQUE.

1. Block66 is Build on a new blockchain-enabled marketplace for mortgages. Institutional and private lenders can use the service to offer loans to a wide range of borrowers, introduced by Block66 broker partners.

2. Block66 is a limited supply token that when stored in a special smart contract generates the network’s native token - BNET, that is then sold via the platform to network users (i.e mortgage brokers). The revenues generated by the sale are distributed to BNET holders.

BLOCK66 PARTNERSHIP

1. Block66 has Partners With Civic Technologies to Prevent Mortgage Fraud. Partnering with Civic Technologies will help Block66 validate applicants’ information and do thorough background checks so that lenders know borrowers are honestly representing themselves. With Civic Technologies, Block66 platform will make it easier for everyone, so mortgages can be approved and funded faster.

2.Block66 has partners with Piper Moretti , CEO of The Crypto Realty Group, as a Real Estate Advisor! Her pioneering work in the real estate industry will be a huge asset for Block66 to going forward!. To know more about Piper Moretti, CEO of Crypto Realty Group (link: http://bit.ly/pmoretti).

3. Block66 have partnered with aXpire as  they’ve become a growing Preferred Provider Network!, To know more about aXpire (Link https://axpire.io/).

THE Team.
The team has a wealth of experience in the fintech sector and mortgage markets.

FOUNDER AND CEO OF BLOCK66 :
JOE MARKHAM, Startup experience across mobile technology, app development and software sales. Named one of Canada’s Top Newcomers to the Canadian Mortgage Industry in 2015. https://www.linkedin.com/in/joe-markham/.

CHIEF TECHNOLOGY OFFICER :
JAMES TUCKETT, Previously founder of peer-2-peer specific online brokerage investUP.co as CEO / CPO. Tech lead at Point with clients ranging from Deutsche Bank to Lloyds of London. https://www.linkedin.com/in/jamestuckett/.

CHIEF OPERATING OFFICER :
KAMIL MIECZAKOWSKI, 2x founder, Head of Business Operations and Product @ Mosaic Ventures (London-based VC), Head of Sales Operations @ MarketInvoice (peer-2-peer business lending). https://www.linkedin.com/in/kamilmieczakowski/.

SOLIDITY DEVELOPER:
VISHAL KARANGUTKAR, Expert in blockchain technologies, Ethereum, NEO, EOS. Previously principle engineer at Fidelity Investments. https://www.linkedin.com/in/vishal-karangutkar-5aa07932.

SENIOR DEVELOPER:
GABRIEL NICOLA, Previously project lead at Assetz Capital. 6+ years web development experience.https://www.linkedin.com/in/gabriel-nicola-b0359665/.

ADVISORS :
SHINGO LAVINE FOUNDER & CEO OF Ethos https://www.linkedin.com/in/shingo-lavine/ And others.

CONCLUSION
Proven all the team with members have extensive experience in the space, combined with the people that are veterans in the blockchain technology. They are targeting the market that is ripe for disruption. I am very surprised that no one has done this yet. Block66 team are uprooting the entire mortgage industry, replacing it with the loan-ecosystem of tomorrow.
TO KNOW MORE ABOUT BLOCK66 VISIT Whitepaper: https://drive.google.com/file/d/11ZevZa ... E5FLq/view.
Website: https://block66.io/


Bounty0x username : Asbab4real