TY - GEN
T1 - TrustLend
T2 - 19th International Conference on Security and Cryptography, SECRYPT 2022
AU - Uriawan, Wisnu
AU - Badr, Youakim
AU - Hasan, Omar
AU - Brunie, Lionel
N1 - Publisher Copyright:
© 2021 by SCITEPRESS – Science and Technology Publications, Lda. All rights reserved.
PY - 2022
Y1 - 2022
N2 - The practice of personal lending, also known as Peer-to-Peer (P2P) lending, has been increasing globally. However, providing unsecured loans to peers without requiring collateral remains a challenge. We present a platform called TrustLend, which enables using borrower trustworthiness as an alternative to collateral in personal lending transactions. TrustLend is a blockchain-based platform implemented on Ethereum. We introduce a borrower trustworthiness score with variable selection rules to help lenders decide on reliable candidates as borrowers. We describe the prototype implementation, which is a Decentralized Application (DApp) that uses smart contracts. The prototype demonstrates fundamental features and supports borrowers, recommenders, and lenders/investors in establishing loans and approvals. Finally, the prototype shows how end-users can easily access loans with minimum collateral without hidden costs and swift transactions.
AB - The practice of personal lending, also known as Peer-to-Peer (P2P) lending, has been increasing globally. However, providing unsecured loans to peers without requiring collateral remains a challenge. We present a platform called TrustLend, which enables using borrower trustworthiness as an alternative to collateral in personal lending transactions. TrustLend is a blockchain-based platform implemented on Ethereum. We introduce a borrower trustworthiness score with variable selection rules to help lenders decide on reliable candidates as borrowers. We describe the prototype implementation, which is a Decentralized Application (DApp) that uses smart contracts. The prototype demonstrates fundamental features and supports borrowers, recommenders, and lenders/investors in establishing loans and approvals. Finally, the prototype shows how end-users can easily access loans with minimum collateral without hidden costs and swift transactions.
UR - http://www.scopus.com/inward/record.url?scp=85178512441&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85178512441&partnerID=8YFLogxK
U2 - 10.5220/0011151900003283
DO - 10.5220/0011151900003283
M3 - Conference contribution
AN - SCOPUS:85178512441
SN - 9789897585906
T3 - Proceedings of the International Conference on Security and Cryptography
SP - 519
EP - 524
BT - SECRYPT 2022 - Proceedings of the 19th International Conference on Security and Cryptography
A2 - De Capitani di Vimercati, Sabrina
A2 - Samarati, Pierangela
PB - Science and Technology Publications, Lda
Y2 - 11 July 2022 through 13 July 2022
ER -