Inspiration
Read about a farmer who received numerous microloans, still turned away by banks. He owned land and made money from his harvest. He was financially excluded, trapped her in a debt repayment cycle
What it does
We help facilitate borrowers and investors get microloans. We store all transactions in a blockchain so there is a permanent record to hopefully build:
Unforgettable Credit Rating – user unable to erase credit history Certification System – other users testify if goal was achieved or not Fraud – disincentivised as will be apparent across network
How we built it
Ark, Flask, Azure
Challenges we ran into
Blockchain learning curve, web issues
Accomplishments that we're proud of
We learned how to create our own blockchain using Ark and create a fairly decent platform
What we learned
Blockchain and why microloans are important
What's next for Acred
Possibilities are endless
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