Design of a Crowdlending System for Formalized SMEs Based on Smart Contracts in Metropolitan Lima

In Metropolitan Lima, small and medium-sized enterprises (SMEs) face significant challenges in obtaining financing, primarily due to high interest rates and stringent requirements from traditional financial institutions. This research introduces a crowdlending system based on smart contracts backed...

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Detalhes bibliográficos
Autores: Tornero-Cortés, Fabriccio, Cabrera-Campos, Alvaro, Burga-Durango, Daniel
Formato: artículo
Fecha de publicación:2023
País:Perú
Recursos:Universidad Peruana de Ciencias Aplicadas
Repositorio:UPC-Institucional
Idioma:inglés
OAI Identifier:oai:repositorioacademico.upc.edu.pe:10757/673086
Acesso em linha:https://doi.org/10.1109/ICALTER61411.2023.10372891
http://hdl.handle.net/10757/673086
Access Level:acceso embargado
Palavra-chave:blockchain
crowdlending
smart contract
SMEs
https://purl.org/pe-repo/ocde/ford#2.11.00
Descrição
Resumo:In Metropolitan Lima, small and medium-sized enterprises (SMEs) face significant challenges in obtaining financing, primarily due to high interest rates and stringent requirements from traditional financial institutions. This research introduces a crowdlending system based on smart contracts backed by blockchain technology as a solution to these obstacles. A validation with end users was conducted, and the results obtained demonstrated an impressive compliance rate of 99%. This innovative approach provides a secure, transparent, and efficient environment, offering a robust solution to the financing needs of SMEs in the region.