TY - GEN
T1 - Design of a Crowdlending System for Formalized SMEs Based on Smart Contracts in Metropolitan Lima
AU - Tornero-Cortés, Fabriccio
AU - Cabrera-Campos, Alvaro
AU - Burga-Durango, Daniel
N1 - Publisher Copyright:
© 2023 IEEE.
PY - 2023
Y1 - 2023
N2 - 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.
AB - 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.
KW - blockchain
KW - crowdlending
KW - smart contract
KW - SMEs
UR - https://www.scopus.com/pages/publications/85183028321
U2 - 10.1109/ICALTER61411.2023.10372891
DO - 10.1109/ICALTER61411.2023.10372891
M3 - Contribución a la conferencia
AN - SCOPUS:85183028321
T3 - Proceedings of the 2023 IEEE 3rd International Conference on Advanced Learning Technologies on Education and Research, ICALTER 2023
BT - Proceedings of the 2023 IEEE 3rd International Conference on Advanced Learning Technologies on Education and Research, ICALTER 2023
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 3rd IEEE International Conference on Advanced Learning Technologies on Education and Research, ICALTER 2023
Y2 - 13 December 2023 through 15 December 2023
ER -