A new layer in credit risk management: how national and private guarantee schemes could support small investors of p2p + crowdfunded projectsAdding the new crowdfunding layer to the standard models of financial guarantees and credit risk spreading with:

• The Starting models (1) with multiple small guarantors (micro financial insurers) and one or big

lenders/investors/currency issuers ; (2) with one or a couple of big guarantors and multiple small investors

/lenders. • Converging to the end goal, a pure atomic model with multiple small guarantors and multiple small Investors

• Possibly, state deposit insurance model asking to be disrupted: from a passive depositor protection scheme to

an active responsible micro pools of impact investment in community projects and local shared resource platforms, secured by the state deposit insurance.

• Decentralized, independent local business developers & campaign managers with programatic updatable

governance • A cryptographically secure and open sourced, shared distributed ledger (custom blockchain) for process & data

validation & automation (smart contract and oracles)

• Providing colateral for pure financial guarantees (by the means of digital keys or virtual locks) such as

securities and asset based financial instruments and property (company stocks, mutual fund shares, real estate property, shared resources platforms, leasing and factoring receivables)

• Payment systems integration to work properly. Digital only cryptocurrency payments as the end goal.