A decentralized peer-to-peer lending platform using blockchain-based distributed ledger technologies

A Peer-to-Peer (P2P) lending platform allows small businesses to obtain working capital funds through an online system, where individuals can anonymously pool together funds for investment.

Instead of relying on a third-party website for crowdfunding (such as Kickstarter and Indiegogo), we propose a decentralized platform for P2P. Unlike traditional P2P lending which is usually done in person, creditors and borrowers should be able to connect and agree on contract terms without requiring any trust or direct ties between the involved parties.

Our objective is to explore the potential use of blockchain technologies to realize a decentralized P2P lending platform. Blockchain technologies can be used to automate certain aspects of the contract, such as serving as an escrow account, and validating term payments. We will deliver a proof-of-concept prototype which implements P2P lending on a blockchain while maintaining confidentiality and security.

Faculty Supervisor:

Kaiwen Zhang

Student:

Partner:

BeFunder

Discipline:

Computer science

Sector:

Finance and Insurance

University:

École de technologie supérieure

Program: