LoanFunding

• 

  Raising a loan for the "Natural Language Querying" project

• 

  Lending the crypto currency $APT 0.0001 for the project

Inspiration

Crowdsourcing loans is a rare concept as its management is a hassle. Our blockchain platform makes this simple.

What it does

Crowdsourcing loans

How we built it

We are presently using the Movement Blockchain testnet to loan the crypto currency $APT, by multiple parties to one party. The recipient will have to tokenize the loan application/project into an NFT using his/her Petra wallet testnet which can receive $APT.

Challenges we ran into

We have to use a Blockchain to keep track of the transactions. We have to use IPFS to tokenize(mint) the NFT.

The users have to connect their Petra wallet testnet to see the NFTs raising loans.

Accomplishments that we're proud of

We have implemented tokenization of loans.

What we learned

We can process a loan end-to-end, using Blockchain. In future, we can add AI agents to personalize interest rates based on the loan history of a client.

What's next for LoanFunding

We are looking for a grant to build the MVP and commercialize this platform.

Built With

• blockchain