The network of Debitum is a community that includes various accomplices involved in the process of financing micro, small, and medium enterprises. Moreover, this network aims to connect speculators, insurance agencies, chances ancestors, lenders, obligation gatherers, and many other people who use the tokens of Debitum.
Within the conventional system of financing, there exists a credit gap, which keeps on increasing. In order to reduce this gap of credit, three main things are required, which includes exponential growth, an end to end procedure of financing, and faith. KPMG supports this in one of their reports and mentions that the market for alternative finance is going to develop and will turn into an international phenomenon.
The market requires a supportive and transparent framework, which deals with the failures of investment. It will develop the confidence of the international investors in the procedure of debt collection and credit assessment.
Moreover, such a framework will gain distribution through an efficient channel of sales. Peer to peer solutions are trying to make that happen, though at the time of dealing with different sectors of the world trust between the parties is very essential. Conventional systems of the marketplace are not capable of integrating regional, local, and global parties.
The design of Blockchain enables the trust, transparency, and automated processing by making use of smart contracts. It also enables exponential growth of its members within the solution of Blockchain. The ecosystem of Debitum has 3 major pillars, which ensures disruptiveness as well as uniqueness that will yield positive results in reducing the gaps of credits.
There are around 154 nations where small enterprises experienced the gap of credit. The network of Debitum can help in getting rid of that gap by offering an environment to the parties and linking them with international investors. This network is a solution that connects small and medium-size firms with international investors that can depend on the services offered by the regional or local counter parties.
Through the network of Debitum, it is feasible to allure investors to distribute their capital. Additionally, it attracts small enterprises to borrow funds. although in order to convert this entire ecosystem into a decentralized one, the self-sustainable and global service providers will be required in the communities.
A community has one or more local providers of service, which will work jointly for the provision of service. Community members can be either crypto or non-crypto based. Communities are going to provide a distinct motivation for every individual and group in order to become trusted.
Investors as well as borrowers should be happy to have communities within the network of Debitum. It is good for an individual counter party to become a member of the community as it leads to growth and offers more opportunities to the business.
The community is responsible for its growth and resolution of issues. Every community is going to have a leader who will perform additional functions through the use of the smart contract. If you are interested to know more about the Debitum network, then view its whitepaper.