The problem BlockBorrow solves

Direct Interaction:

P2P lending networks eliminate intermediaries, allowing borrowers and lenders to interact directly without the need for traditional financial institutions.
This direct interaction reduces costs associated with intermediaries and enhances transparency in lending transactions.

Global Accessibility:

Unlike traditional lending systems constrained by geographical limitations, P2P blockchain lending operates on a global scale.
Borrowers and lenders from diverse locations can participate, fostering financial inclusion and expanding access to capital.

Efficiency and Transparency:

Blockchain technology ensures efficiency through automated processes facilitated by smart contracts.
The transparency of blockchain records builds trust among participants by providing immutable and verifiable transaction history.

Cost Reduction and Speed:

P2P lending on the blockchain reduces operational costs associated with traditional banking, such as paperwork and physical infrastructure.
Automated processes and smart contracts enhance the speed of loan origination, approval, and disbursement.

Inclusive Credit Scoring:

P2P blockchain lending platforms leverage alternative data sources and advanced algorithms for credit scoring.
This inclusive approach allows individuals with limited credit histories or unconventional financial backgrounds to access financing opportunities.

Challenges we ran into

We had a hard time deploying smart contracts into virtual environment
Integrating frontend with the blockchain smart contracts was a difficult task