Review on Bloom by Pedro O. Alvino M.
Loan service with various data security protocols.
Given the great demand for credit services in the market, the Bloom project has developed a system that allows any user to have loans or lend to other users in a secure manner, given the protocols that the Bloom project has.
In order to provide a loan ecosystem either cryptocurrencies or fiduciary assets, the project systematizes this process through a data verification protocol, as well as a dynamic user indicator on the history of loan payments, so that When it comes to managing a loan, the system will have users that adapt to the lender's mechanism.
With a good design in the interface section, the functions that it integrates can be the most secure either at the business level or natural person, in addition the project extends its services for developers as development tools for the implementation of identities and encryption of data on the platform.
The project services may be competitive with other projects, but given the market situation of the project token, the platform may decline and cause an abandonment of the community due to lack of economic development of the project token and marketing to sponsor its services.
Pros
- Its services are qualified for various types of consumers in the market.
- It has several protocols and levels of security for loan services.
- It has a system of validators that back up user data.
- The interface section has a great design and excellent distribution of its functions in the interface.
- Extensive various open source tools for developers.
Cons
- There are several competitors in the market.
- The economy of the BLT token is very decreasing in the market which seriously affects the Bloom ecosystem given its great utility in its services.
- Your loan servicing mechanics can be tricky for the inexperienced.
