The current financial ecosystem is centralized, and traditional financial institutions are typically in control of the financial services they offer. This means that users have to trust these institutions with their funds and personal data. Additionally, traditional financial institutions often have high fees and restrictions, which limit access to financial services for many people. To address these issues, a decentralized finance (DeFi) platform can be built. This platform would allow users to access financial services such as borrowing, lending, and trading in a decentralized and trustless manner. A decentralized platform would remove the need for intermediaries such as banks, enabling users to interact directly with each other. This would provide a more inclusive and accessible financial ecosystem, particularly for those who are currently excluded from traditional financial services. However, building a DeFi platform presents a number of challenges. Firstly, the platform needs to be designed with security in mind, as it will handle sensitive financial data and transactions. Secondly, the platform needs to be scalable, as it will need to handle a large number of users and transactions. Thirdly, the platform needs to have a user-friendly interface, so that users can easily navigate and utilize the platform's features. Finally, the platform needs to be compliant with relevant regulations, particularly regarding money laundering and know-your�customer (KYC) requirements.
We pressent you Apni Bachat Apni Bachat is a Decentralized bank that replaces your current banks with a smart contract deployed on testnet cello as well as polygon. Apni Bachat act as a mordern yet simple interface that connects your user and financial ecosystem in one streamlined flow with a very intutive user interface. Our app helps a user to transfer, transact money and ask for loans in a transparent and inclusive way. Apni Bachat used credit score in order to lend loans to its user, The credit score calculation system takes into account various factors, such as payment history and income, to determine an individual's creditworthiness. The decentralized bank app will use the credit score calculation system to approve loans only for those who have a good credit score, ensuring that the loans are granted to individuals who are likely to pay them back. By utilizing a decentralized banking system and a fair credit scoring system, financial inclusion can be promoted and individuals can be empowered regardless of their background or profession. This innovative system aims to make a real difference in the lives of individuals and communities who have historically been left behind by traditional financial systems.
And thats how the flow of our app works.
- Reducing rate of frauds
- Bringing blockchain interactions on a mobile app
- Credibility Check
- User-Friendly and Polished UI
- Multiluigal support
- personlised Chatbot
CredibilityScore deployed to: 0xff98AaD3673dd1Dd17E9e2c93ba1af0CCE489fd9
ApniBachat deployed to: 0x7245dA6074F2FcE3930D57F6326A69a249361d7a
- Hussain Pettiwala
- Eshan Trivedi
- Aryan Parmar
- Kunal Chaturvedi
This project is licensed under the MIT License - see the LICENSE file for details.