B-Loan

website

Inspiration

We wanted to learn more about the blockchain specifically around the concept of fintech. We tried to think about the problems that the current financial system has and we landed on the concept of loans as one of the most antiquated systems that requires tons of paperwork and human labor to maintain. We thought the blockchain could do a better job.

What it does

We are using smart contracts on top of the Ethereum blockchain. They allow us to keep track of a bunch of things regarding payments, delays, collateral as well as executing those collateral.

How we built it

We started by using Solidity as the language to build the smart contracts. We then used truffle to deploy them to the blockchain and run tests on them. We later built a front end and back end for the service using node.js for the back end and html and css for the front end.

Challenges we ran into

There is little documentation in many aspects regarding blockchain. It is still a new area that lacks mass adoption from the developer community but it was fun to build.