LendLedger (LOAN Token): Decentralized Blockchain Crypto Lending Market?

Borrowers in the informal sector and small businesses face many challenges when they try to borrow credit from formal lenders. They are required to have a good credit record from banks and other institutional lenders. They also need to have the right documentation to obtain loans. The procedures to get loans are also too burdensome especially for small traders and there is also the risk of obtaining loans from lenders who have onerous terms. The result is a multi-trillion dollar lending gap.

The LendLedger Solution

LendLedger hopes to be the solution to these problems by opening up global lending markets. The platform is changing the face of lending to the underserved segments. Already this platform has processed tens of millions of dollars in loan requests in India, which has led to the provision of loans to hundreds of thousands of borrowers in the informal and small business sectors in 40 Indian cities. This platform is opening up new financial markets across the globe.

How LendLedger Decentralized Blockchain Crypto Lending Market Works

The platform unlocks data on informal and small business borrowers making it possible for lenders to offer loans to the informal traders. LendLedger seeks to bridge the $2.6 trillion lending gap between the institutional lending capital and informal borrowers. The aim of the platform is to come up with a lending market that is both inclusive and profitable for all the participants.

All this is possible thanks to blockchain technology. The technology allows for every detail of the transaction on the ecosystem to be recorded in real time. LendLedger connects borrowers, lenders, and data providers to allow for secure, cost-effective, transparent and innovative interactions.

With LendLedger borrowers have access to their own data. They can also control the data or share it with lenders. The use of blockchain and API by the platform standardizes how data providers and the lenders collaborate.

The open API suite allows the LendLedger network to function in a secure and open way. The protocol defines the functioning of the LendLedger ecosystem in terms of how data is sent to the participants, how the smart contract works, what is recorded in the blockchain among other functions. The open API replaces some of the functions done by intermediaries and does away with the need for a centralized system.

LendLedger Advantages

The LendLedger network offers the below advantages to its users.


The use of blockchain technology does away with the need for an intermediary party such that each party is in full control of their encrypted data and transactions. This makes the platform trustworthy. Anytime a contract is executed on the blockchain, information is recorded in the public ledger. There is no need for a central administrator. Any information logged to the blockchain is public and permanent, which allows for accountability.


The platform connects data providers, lenders, and borrowers in one reputation-building platform. Anyone from any location in the world can be a part of this ecosystem.


The use of blockchain technology allows for all transactions that should be transparent to be publicly available on the blockchain while maintaining the confidentiality of the identifying information and the confidential data of the users. In case of any disputes, the transactions and transfers can be easily viewed on the public ledger.

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