Design of a Crowdlending System for Formalized SMEs Based on Smart Contracts in Metropolitan Lima

Cast your vote
 
Your vote was cast
Thank you for your feedback
Authors
Tornero-Cortés, Fabriccio
Cabrera-Campos, Alvaro
Burga-Durango, Daniel
Issue Date
2023-01-01
Keywords
blockchain
crowdlending
smart contract
SMEs

Metadata
Show full item record
Publisher
Institute of Electrical and Electronics Engineers Inc.
Journal
Proceedings of the 2023 IEEE 3rd International Conference on Advanced Learning Technologies on Education and Research, ICALTER 2023
URI
http://hdl.handle.net/10757/673086
DOI
10.1109/ICALTER61411.2023.10372891
Abstract
In Metropolitan Lima, small and medium-sized enterprises (SMEs) face significant challenges in obtaining financing, primarily due to high interest rates and stringent requirements from traditional financial institutions. This research introduces a crowdlending system based on smart contracts backed by blockchain technology as a solution to these obstacles. A validation with end users was conducted, and the results obtained demonstrated an impressive compliance rate of 99%. This innovative approach provides a secure, transparent, and efficient environment, offering a robust solution to the financing needs of SMEs in the region.
Type
info:eu-repo/semantics/article
Rights
info:eu-repo/semantics/embargoedAccess
Language
eng
Collections