Frequently Asked Questions

Who is eligible to join HaveFund?

HaveFund is a consortium of legally licensed lenders. Therefore, to join as an alliance member, you will need to have a lending license in the jurisdiction that HaveFund is trading in. Our first target jurisdiction is Hong Kong, slated for general availability at the beginning of 2020.

What are the requirements for joining as an alliance member?

Besides your lender license, you will need to run one HaveFund node, which consists of a distributed ledger node and a backend server which will provide your user interface. We can help you set one up on your premises or on the cloud. As an alliance member, you will have complete control this node and of all your sensitive data.

What fees do you charge?

There is an annual membership fee and a transaction fee on successful completion of each auction.

How can we be assured that the auctions are fair?

HaveFund loan auctions are conducted on a private consortium distributed ledger. Each alliance member controls a node on the ledger, and because consensus is required among all nodes, no single entity can control what happens on the ledger. Selection of the auction winner/s is done inside the HaveFund blackbox, which is implemented as a secure enclave using Intel SGX technology. Intel Remote Attestation allows members to verify that the selection process is not being manipulated by any party.

How do we know our credit policy or other sensitive data is not being exposed?

Before any private or confidential data is sent to HaveFund, it is encrypted using a key that only the blackbox component knows. The data is only ever decrypted inside the blackbox, which is implemented as a secure enclave using Intel SGX technology. Intel Remote Attestation allows members to verify that the data is not being exposed to any party. Not even the platform operator has access to data inside the blackbox.

Do you have any other questions not covered above? Please don’t hesitate to contact us.