It seems like that innovativion in Blockchain and cryptocurrency will kill the banks in future.
Concept is good but it is very complex, now banks takes ownership of home if someone ubale to pay EMI with the help of legal system...how Blockchain technology will handle such type of issue.
I made that point to the team too :)
They have already taken this into account and have dedicated channels to liquidate the property of those who default. The funds from the sale would then be distributed to the lenders.