CROSS-BORDER PEER-TO-PEER PLATFORM USING BLOCKCHAIN TECHNOLOGY THAT ENABLES INVESTORS TO DIRECTLY PROVIDE LOANS TO SMES SMALL AND MEDIUM ENTREPRENEURS AND OTHER POTENTIAL BORROWERS
There are 1 million potential investors around the world and 12 million potential borrowers around the globe while trillions of USD are idle due to lack of investment opportunities. FinanceforSME bridges this gap.
In developed countries - the ROI on deposit of money in banks is very low (negative in most cases). In developing countries - the rate of interest on bank loans is very high.
To attain Smart scoring to reduce default risk. Document e-management using digital signature in Blockchain becomes very difficult to handle.
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