short-paper

Asset-Based Lending via a Secure Distributed Platform

Authors:

Andrew Kinai,

Isaac Markus,

Erick Oduor,

Abdigani DiriyeAuthors Info & Claims

ICTD '17: Proceedings of the Ninth International Conference on Information and Communication Technologies and Development

Article No.: 29, Pages 1 - 4

https://doi.org/10.1145/3136560.3136594

Published: 16 November 2017 Publication History

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Abstract

The advent of mobile money in Kenya has accelerated the development and deployment of financial inclusion products for the previously unbanked or underbanked population. However, the focus on cash loans to individuals has not been directly matched with an increase in lending to small and medium enterprises (SMEs) that operate in the informal economy. For the majority of SMEs in Kenya and Sub-Saharan Africa access to lending products as a business remains limited due to high cost associated with risk uncertainty, lack of appraisable collateral, and incompatible loan size. This has resulted in Sub-Saharan Africa having the lowest lending utilizations for SMEs worldwide. In this note we describe a distributed platform aimed at easing the offering of financial products to SMEs by integrating stakeholders in the retail trade sector in Kenya. The note covers the framework of the system and the design criteria used to develop the technology including the utilization of a blockchain backend built on hyperledger fabric and mobile phone applications for stakeholders to engage with system. Lastly, we describe the intended usage and pilot study for deployment and testing of the technology platform.

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Cited By

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Kumar DPhani BChilamkurti NSaurabh SRatten V(2023)Filling the SME credit gap: a systematic review of blockchain-based SME finance literatureJournal of Trade Science10.1108/JTS-06-2023-000311:2/3(45-72)Online publication date: 27-Sep-2023
https://doi.org/10.1108/JTS-06-2023-0003
Cunha PSoja PThemistocleous M(2021)Blockchain for development: a guiding frameworkInformation Technology for Development10.1080/02681102.2021.193545327:3(417-438)Online publication date: 21-Jun-2021
https://doi.org/10.1080/02681102.2021.1935453
Kinai AOtieno FBore NWeldemariam K(2020)Multi-factor authentication for users of non-internet based applications of blockchain-based platforms2020 IEEE International Conference on Blockchain (Blockchain)10.1109/Blockchain50366.2020.00076(525-531)Online publication date: Nov-2020
https://doi.org/10.1109/Blockchain50366.2020.00076
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Index Terms

Asset-Based Lending via a Secure Distributed Platform
1. Applied computing
  1. Electronic commerce
    1. E-commerce infrastructure

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Published In

ICTD '17: Proceedings of the Ninth International Conference on Information and Communication Technologies and Development

November 2017

333 pages

ISBN:9781450352772

DOI:10.1145/3136560

Conference Chair:
Umar Saif
Information Technological University, Pakistan

Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than ACM must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected]

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Association for Computing Machinery

New York, NY, United States

Publication History

Published: 16 November 2017

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Short-paper
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Refereed limited

Conference

ICTD '17

ICTD '17: Ninth International Conference on Information and Communication Technologies and Development

November 16 - 19, 2017

Lahore, Pakistan

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Overall Acceptance Rate 22 of 116 submissions, 19%

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Cited By

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Kumar DPhani BChilamkurti NSaurabh SRatten V(2023)Filling the SME credit gap: a systematic review of blockchain-based SME finance literatureJournal of Trade Science10.1108/JTS-06-2023-000311:2/3(45-72)Online publication date: 27-Sep-2023
https://doi.org/10.1108/JTS-06-2023-0003
Cunha PSoja PThemistocleous M(2021)Blockchain for development: a guiding frameworkInformation Technology for Development10.1080/02681102.2021.193545327:3(417-438)Online publication date: 21-Jun-2021
https://doi.org/10.1080/02681102.2021.1935453
Kinai AOtieno FBore NWeldemariam K(2020)Multi-factor authentication for users of non-internet based applications of blockchain-based platforms2020 IEEE International Conference on Blockchain (Blockchain)10.1109/Blockchain50366.2020.00076(525-531)Online publication date: Nov-2020
https://doi.org/10.1109/Blockchain50366.2020.00076
Li JZheng ZLi ZNiu ZQin HWang H(2020)A blockchain‐based traceable group loan systemConcurrency and Computation: Practice and Experience10.1002/cpe.574134:16Online publication date: 30-Mar-2020
https://doi.org/10.1002/cpe.5741
Dymek DGrabowski MPaliwoda-Pękosz G(2019)A PROPOSITION OF AN EMERGING TECHNOLOGIES EXPECTATIONS MODEL: AN EXAMPLE OF STUDENT ATTITUDES TOWARDS BLOCKCHAINTechnological and Economic Development of Economy10.3846/tede.2021.15702(1-30)Online publication date: 21-Feb-2019
https://doi.org/10.3846/tede.2021.15702
Bryant RCintas CWambugu IKinai ADiriye AWeldemariam K(2019)Evaluation of Bias in Sensitive Personal Information Used to Train Financial Models2019 IEEE Global Conference on Signal and Information Processing (GlobalSIP)10.1109/GlobalSIP45357.2019.8969527(1-5)Online publication date: Nov-2019
https://doi.org/10.1109/GlobalSIP45357.2019.8969527
Huang HCai JXie S(2019)Implementing an Asset Trading System Based on Blockchain and Game Theory2019 International Conference on Cyber-Enabled Distributed Computing and Knowledge Discovery (CyberC)10.1109/CyberC.2019.00045(219-226)Online publication date: Oct-2019
https://doi.org/10.1109/CyberC.2019.00045
Bore NKinai AMutahi JKaguma DOtieno FRemy SWeldemariam K(2019)On Using Blockchain Based Workflows2019 IEEE International Conference on Blockchain and Cryptocurrency (ICBC)10.1109/BLOC.2019.8751446(112-116)Online publication date: May-2019
https://doi.org/10.1109/BLOC.2019.8751446
Tavares BCorreia FRestivo AFaria JAguiar A(2019)A Survey of Blockchain Frameworks and ApplicationsProceedings of the Tenth International Conference on Soft Computing and Pattern Recognition (SoCPaR 2018)10.1007/978-3-030-17065-3_31(308-317)Online publication date: 10-Apr-2019
https://doi.org/10.1007/978-3-030-17065-3_31

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