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How Blockchain Could Help Online Lenders

"Many businesses are reluctant to give out client data due to anxieties about regulation and safety, while others don’t have a financial motivation to do so." Adam Jiwan mentioned in an early article highlighting the brand new blockchain technology centered start-up Spring Labs, “Utility companies or social-media companies or asset managers do not produce data into the current credit-bureau operation,” said Jiwan, “In the existing ecosystem, financial institutions or lenders give up that data to a centralized party -- a credit bureau -- only for the financial institutions to acquire it back in a synthesized method.”

Thank you to John Pletz and Crain's Chicago Business for this piece on Spring Labs. Click on the link below to read more...

http://www.chicagobusiness.com/article/20180727/ISSUE01/180729960/avant-affiliate-spring-labs-offers-blockchain-data-sharing-tool

#Adam Jiwan #Spring Labs #Crain's Chicago Business #blockchain technology

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General Motors' Financial Arm Inks Partnership Deal with Blockchain Firm

GM Financials, an arm of General Motors which provides auto loan financing through auto dealers in the U.S. and Canada, has joined forces with Spring Labs, a distributed ledger technology (DLT) startup, to enable the latter to develop blockchain solutions aimed at enhancing the processes of GM ...

https://btcmanager.com/general-motors-financial-arm-inks-partnership-deal-with-blockchain-firm/?utm_source=Tumblr&utm_medium=socialpush&utm_campaign=SNAP

#Blockchain Platform #finance #General Motors #Solution #Spring Labs #Supply Chain

Adam Jiwan Wants to Bring the Blockchain to Your Bank Account

Thirty years ago, you could buy a Mac II with a whopping two megabytes of storage for the price of a used car. And when you applied for a loan or a bank account, some unfortunate soul had to verify your identity manually into a database – every single time. All that has changed, right?

Well, not exactly. When it comes to opening a financial account, it’s still about as frustrating as it’s always been. And Adam Jiwan, a Canadian entrepreneur, is on a mission to change that frustration for the financial institutions and the consumer alike. Adam Jiwan, with his team at Spring Labs, wants to bring the blockchain to your bank account.

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