PEER-TO-PEER LENDING AND BORROWING

AUTHOR(S)

Mr.S.Thiruvenkatasamy, Darshan.B, Kishor.V, Mahasakthivel.A, Nihal.M

DOI: https://doi.org/10.46647/ijetms.2023.v07i02.064

ABSTRACT
P2P lending has become a popular financing option for individuals and small businesses, challenging the traditional lending system. The use of blockchain technology can optimize P2P lending by reducing intermediaries and utilizing smart contracts. This paper proposes a blockchain-supported framework for P2P lending, exploring blockchain 2.0 features in areas such as digital contracting, risk management, and regulation of P2P markets. Blockchain can improve loan processing time, reduce operational risks, and increase funding efficiency. The use of blockchain in P2P lending has the potential to benefit both lenders and borrowers.

Page No: 550 - 555

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How to Cite This Article:
Mr.S.Thiruvenkatasamy, Darshan.B, Kishor.V, Mahasakthivel.A, Nihal.M . PEER-TO-PEER LENDING AND BORROWING . ijetms;7(2):550-555. DOI: 10.46647/ijetms.2023.v07i02.064