New Blog post: Streamline Lending and Credit Management using Smart Contracts

Hi Damlers,

Here is a great guest post from @upanshu21 about " How to Streamline Lending and Credit Management using Smart Contracts"

Lending processes that integrate smart contracts technology can realize tremendous operational and business benefits such as
straight-through processing
easier regulatory reporting
simplified credit data management
removal of duplicate processes
excellent user experience

How to Streamline Lending and Credit Management using Smart Contracts

DAML allows for interoperability between systems. Such a decentralized credit application can execute transactions atomically with DAML models deployed by any of these non-participating entities.

This is a simplified representation of origination workflow

Simplified representation of origination workflow582×1061 72.9 KB

You can check their reference application DeCredit on the DAML marketplace

Any questions on this topic for @upanshu21?

Very good explanation of how to move from solving internal challenges before going fully decentralized. Love that DAML enables it. Thank you @upanshu21