SmartXchange

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  smartXchange logo

Inspiration

The saga of SmartXchange is influenced by the sad experiences of small business owners during covid period. SmartXchange App is developed to support this kind of microfinance problems using a decentralized crypto based smart fintech developed using ripple.

What it does

SmartXchange is a people-to-people lending and borrowing app. The idea comes from microfinance. Small business owners raises capital from many friends (trusted investors) and returns in the same address in automated manner. DeFi apps work in this way is developed on community trust. However in this social microbanking system a fundamental question comes that how to decide trust among borrowers.

SmartXchange uses a AI reinforcement learning algorithm to connect good micro lenders and borrowers. RL enforces rewards and penalty for timely repayments and lending. In this way, SmartXchange objectively assures good lenders and borrowers in the social banking.

Accomplishments and Challenges

Defi App back-end is ready to show reinforcement learning algorithm works in principle.

What's next for SmartXchange

We plan to add more features like an UI and training with testnet XRP transaction history.

Built With

• python