Salt, in this context, is an acronym for “Secured Automated Lending Technology.” And that’s what Salt has to do with: blockchain-backed loans. “Basically at a high level, a blockchain-backed loan is a secured asset-backed loan, where the collateral is BitCoin or Etherium,” explains Shawn Owens.
What Salt is really doing here is creating a credit market that doesn’t already exist. It’s a space for borrowers and lenders to interact, on either side. Owens sees huge potential for blockchain technology to impact the credit market as a whole.
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