Collateral-free trustworthiness-based personal lending on a decentralized application (DApp)

Wisnu Uriawan; Omar Hasan; Youakim Badr; Lionel Brunie

doi:10.5220/0010605108390844

Collateral-free trustworthiness-based personal lending on a decentralized application (DApp)

Wisnu Uriawan, Omar Hasan, Youakim Badr, Lionel Brunie

Engineering Division (Great Valley)

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

9 Scopus citations

Abstract

Most loans given by banks are secured loans and require the borrower to provide collateral as a guarantee for returning the loan principal and interest. With a secured loan, the lender can take over an asset provided as collateral if the customer cannot make the loan payments. In this paper, we propose a peer-to-peer personal lending platform that minimizes the requirement of collateral. The trustworthiness of borrowers is considered as an indicator of whether the borrowers will pay the installments on time. Borrowers’ reliability is viewed as a function of their reputation and relationships. The lending platform is designed as a Blockchain Decentralized Application (DApp).

Original language	English (US)
Title of host publication	Proceedings of the 18th International Conference on Security and Cryptography, SECRYPT 2021
Editors	Sabrina De Capitani di Vimercati, Pierangela Samarati
Publisher	SciTePress
Pages	839-844
Number of pages	6
ISBN (Electronic)	9789897585241
DOIs	https://doi.org/10.5220/0010605108390844
State	Published - 2021
Event	18th International Conference on Security and Cryptography, SECRYPT 2021 - Virtual, Online Duration: Jul 6 2021 → Jul 8 2021

Publication series

Name	Proceedings of the 18th International Conference on Security and Cryptography, SECRYPT 2021

Conference

Conference	18th International Conference on Security and Cryptography, SECRYPT 2021
City	Virtual, Online
Period	7/6/21 → 7/8/21

All Science Journal Classification (ASJC) codes

Software
Information Systems
Communication
Computer Networks and Communications

Access to Document

10.5220/0010605108390844

Cite this

Uriawan, W., Hasan, O., Badr, Y., & Brunie, L. (2021). Collateral-free trustworthiness-based personal lending on a decentralized application (DApp). In S. D. C. di Vimercati, & P. Samarati (Eds.), Proceedings of the 18th International Conference on Security and Cryptography, SECRYPT 2021 (pp. 839-844). (Proceedings of the 18th International Conference on Security and Cryptography, SECRYPT 2021). SciTePress. https://doi.org/10.5220/0010605108390844

Uriawan, Wisnu ; Hasan, Omar ; Badr, Youakim et al. / Collateral-free trustworthiness-based personal lending on a decentralized application (DApp). Proceedings of the 18th International Conference on Security and Cryptography, SECRYPT 2021. editor / Sabrina De Capitani di Vimercati ; Pierangela Samarati. SciTePress, 2021. pp. 839-844 (Proceedings of the 18th International Conference on Security and Cryptography, SECRYPT 2021).

@inproceedings{4ace6972b23645b9a0f3a6fca68472bd,

title = "Collateral-free trustworthiness-based personal lending on a decentralized application (DApp)",

abstract = "Most loans given by banks are secured loans and require the borrower to provide collateral as a guarantee for returning the loan principal and interest. With a secured loan, the lender can take over an asset provided as collateral if the customer cannot make the loan payments. In this paper, we propose a peer-to-peer personal lending platform that minimizes the requirement of collateral. The trustworthiness of borrowers is considered as an indicator of whether the borrowers will pay the installments on time. Borrowers{\textquoteright} reliability is viewed as a function of their reputation and relationships. The lending platform is designed as a Blockchain Decentralized Application (DApp).",

author = "Wisnu Uriawan and Omar Hasan and Youakim Badr and Lionel Brunie",

note = "Publisher Copyright: Copyright {\textcopyright} 2021 by SCITEPRESS – Science and Technology Publications, Lda. All rights reserved.; 18th International Conference on Security and Cryptography, SECRYPT 2021 ; Conference date: 06-07-2021 Through 08-07-2021",

year = "2021",

doi = "10.5220/0010605108390844",

language = "English (US)",

series = "Proceedings of the 18th International Conference on Security and Cryptography, SECRYPT 2021",

publisher = "SciTePress",

pages = "839--844",

editor = "{di Vimercati}, {Sabrina De Capitani} and Pierangela Samarati",

booktitle = "Proceedings of the 18th International Conference on Security and Cryptography, SECRYPT 2021",

}

Uriawan, W, Hasan, O, Badr, Y & Brunie, L 2021, Collateral-free trustworthiness-based personal lending on a decentralized application (DApp). in SDC di Vimercati & P Samarati (eds), Proceedings of the 18th International Conference on Security and Cryptography, SECRYPT 2021. Proceedings of the 18th International Conference on Security and Cryptography, SECRYPT 2021, SciTePress, pp. 839-844, 18th International Conference on Security and Cryptography, SECRYPT 2021, Virtual, Online, 7/6/21. https://doi.org/10.5220/0010605108390844

Collateral-free trustworthiness-based personal lending on a decentralized application (DApp). / Uriawan, Wisnu; Hasan, Omar; Badr, Youakim et al.
Proceedings of the 18th International Conference on Security and Cryptography, SECRYPT 2021. ed. / Sabrina De Capitani di Vimercati; Pierangela Samarati. SciTePress, 2021. p. 839-844 (Proceedings of the 18th International Conference on Security and Cryptography, SECRYPT 2021).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

TY - GEN

T1 - Collateral-free trustworthiness-based personal lending on a decentralized application (DApp)

AU - Uriawan, Wisnu

AU - Hasan, Omar

AU - Badr, Youakim

AU - Brunie, Lionel

PY - 2021

Y1 - 2021

N2 - Most loans given by banks are secured loans and require the borrower to provide collateral as a guarantee for returning the loan principal and interest. With a secured loan, the lender can take over an asset provided as collateral if the customer cannot make the loan payments. In this paper, we propose a peer-to-peer personal lending platform that minimizes the requirement of collateral. The trustworthiness of borrowers is considered as an indicator of whether the borrowers will pay the installments on time. Borrowers’ reliability is viewed as a function of their reputation and relationships. The lending platform is designed as a Blockchain Decentralized Application (DApp).

AB - Most loans given by banks are secured loans and require the borrower to provide collateral as a guarantee for returning the loan principal and interest. With a secured loan, the lender can take over an asset provided as collateral if the customer cannot make the loan payments. In this paper, we propose a peer-to-peer personal lending platform that minimizes the requirement of collateral. The trustworthiness of borrowers is considered as an indicator of whether the borrowers will pay the installments on time. Borrowers’ reliability is viewed as a function of their reputation and relationships. The lending platform is designed as a Blockchain Decentralized Application (DApp).

UR - http://www.scopus.com/inward/record.url?scp=85111813782&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85111813782&partnerID=8YFLogxK

U2 - 10.5220/0010605108390844

DO - 10.5220/0010605108390844

M3 - Conference contribution

AN - SCOPUS:85111813782

T3 - Proceedings of the 18th International Conference on Security and Cryptography, SECRYPT 2021

SP - 839

EP - 844

BT - Proceedings of the 18th International Conference on Security and Cryptography, SECRYPT 2021

A2 - di Vimercati, Sabrina De Capitani

A2 - Samarati, Pierangela

PB - SciTePress

T2 - 18th International Conference on Security and Cryptography, SECRYPT 2021

Y2 - 6 July 2021 through 8 July 2021

ER -

Uriawan W, Hasan O, Badr Y, Brunie L. Collateral-free trustworthiness-based personal lending on a decentralized application (DApp). In di Vimercati SDC, Samarati P, editors, Proceedings of the 18th International Conference on Security and Cryptography, SECRYPT 2021. SciTePress. 2021. p. 839-844. (Proceedings of the 18th International Conference on Security and Cryptography, SECRYPT 2021). doi: 10.5220/0010605108390844

Collateral-free trustworthiness-based personal lending on a decentralized application (DApp)

Abstract

Publication series

Conference

All Science Journal Classification (ASJC) codes

Access to Document

Other files and links

Fingerprint

Cite this