Initial Coin Offerings (ICO)

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Know how blockchains smart contacts have solved
the problem of missing trust by assuming that any
participant participat- ing in a public
blockchain does not have to have any trusted
relationship, neither beforehand nor by knowing
someones identity. Thus, blockchains are a type
of distributed data base for everyones access,
reading from it and writing into it by following
the blockchains consensus protocol.While Bitcoin
has reached a high public attention in the past
years and it is the first crypto currency making
use of this blockchain approach. The National
Crowdfunding Fintech Association of Canada want
create a system that learns on its own how to
cobble together modules to carry out different
function of blockchain.
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Peer-to-peer lending is also called as P2P
lending, is the process of lending money to
individuals or businesses through online services
that match lenders with borrowers. Since
peer-to-peer lending companies offering these
services generally operate online, they can run
with lower overhead and provide the service more
cheaply than the traditional financial
institutions. As a result, lenders can earn
higher returns compared to savings and investment
products offered by banks.
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The alternative financial services (AFS) industry
refers to the growing array of financial service
providers that lie outside the system of
federally insured financial institutions like
bank. Be an informed consumer. Understand the
costs and benefits of various alternative
financial services, such as payday loans, pawn
shops, car title loans, rent-to-own, and refund
anticipation checks. Compare these to more
traditional financial services provided through
banks and credit unions.
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