Thesis of Wisnu Uriawan
In emerging countries, traditional lenders burden people with high interests and long payback period. Another option for people is to deal with financial institutions, like a bank . However, obtaining a loan is very difficult for many people, who must demonstrate that they are in possession of assets that could be used as collateral .
Financial institutions indeed impose some conditions for grading lending, which depend on the expected risk they foresee. High risk will conduct to high conditions and more collateral.
Blockchain proposes a disruptive platform technology to support lending operations . Blockchain ledgers are indeed very good candidates for recording all transactions occurring among the participating entities, which can either be individuals or organizations . Smart contracts indeed provide a very efficient technology to manage the transactions with reliability, security, and scalability .
In particular, peer-to-peer (P2P) lending can thus be made possible between individuals in a very simple and reliable way. Several countries like China and United Kingdom, have successfully implemented such a system, which is especially suitable for Small and Medium Enterprises (SMEs) and individuals.
Advisor: Lionel Brunie
Coadvisor: Youakim Badr, Omar Hasan