The coronavirus pandemic is a serious global concern that is creating huge challenges. A worldwide containment effort to halt the spread of Covid19 has had far-reaching impacts on both the world economy and local communities. But let us not forget that it is also creating tremendous opportunities for innovation. In our opinion, that is due to three key reasons. First, because a crisis enables people to eliminate distractions and push toward a common goal in a way that makes failure not an option. Second, because a crisis helps people realize that they have nothing to lose and everything to gain. Therefore, there is almost no downside to taking a chance (assuming government legislation remains unchanged), and people are better off trying something new. In other words, the real risk becomes doing nothing. And third, because a crisis requires people to focus on solving problems since problems don’t resolve themselves and somebody has to step up and find a solution. Somebody has to lead and find a better way. In a nutshell, a crisis gives leaders the opportunity to step up and a license to ignore the status quo in pursuit of something better.
While this is a very high-level argument, it can also be applied at the individual level to each of us, whether individually or as a corporate. At Blend Network we are also focusing on the opportunities that lie ahead. Remember that today investors like you can participate in our deals from only £1,000 not only because of the technology we have built, but also because high street lenders left this business in the aftermath of 2008 global financial crisis. In a similar manner, we believe that the current situation, despite the terrible human impact it is having on communities around the world, will potentially create new opportunities. We stand ready to find, select, assess and offer those opportunities to you on the platform once the dust settles. But above anything else, we are here to take care of you, our lenders by ensuring that the loans we offer on the platform are loans we truly, truly believe in.