The ABLE project aims to solve problems by applying decentralized blockchain technology.

By developing a matching engine that connects depositors and borrowers on a peer-to-peer basis, the project directly connects depositors and borrowers without any intermediaries. With intermediaries and lending spreads eliminated, cryptocurrency interest rates will be determined by mutual agreement between users in a free market, and said rates will serve as market interest rates. Depositors can receive higher interests than they would in a centralized market, while borrowers can lend money at lower rates, creating a win-win scenario. Since depositing and lending occur governed by smart contracts, the project will eliminate exposure to managers’ moral hazard and the risk of central-server hacking.

Current cryptocurrency banking services provide deposits and loans separately rather than linking depositors and borrowers. The services have shortcomings such as inability to provide high deposit interest rates in a sustainable way. Such services cannot mitigate or eliminate intermediary risks because their structure is based on a centralized model. On the other hand, the ABLE project directly links users, primarily through an account, and enables a variety of banking activities such as payroll and investment, based on smart contracts.

The ABLE project primarily aims to apply decentralized blockchain technology to banking and wealth management features; to directly link demand and supply through an account on a peer-to-peer basis; and to establish a reliable system. It aims subsequently to build an in-house decentralized exchange, and then to evolve into a banking platform on which to develop and use smart contracts for banking and wealth management services.