- Category: FinTech and Blockchain
- Competition: HackOff v3.0 by IET On Campus VIT
- Result: Matic + Ethereum track prize winners
- Project URL: GitHub
- Demo Video: YouTube
The Coronavirus Pandemic has not only created a health emergency but has forced economies to shut down across the globe. In India, Small and medium-sized Enterprises and Startups had already been struggling to stay afloat due to lack of financing, creating an inadequate/limited cash flow. Now with the lockdown being enforced from time to time, the situation has worsened, making it difficult for them to apply for bank loans. After assessing the current scenario, we decided to develop a Peer-to-Peer lending web application, a blockchain-powered solution, facilitating quick, easy and secure loan transactions.