e-Infrastructure and e-Services for Developing Countries. 11th EAI International Conference, AFRICOMM 2019, Porto-Novo, Benin, December 3–4, 2019, Proceedings

Research Article

Proof of Concept of Blockchain Integration in P2P Lending for Developing Countries

  • @INPROCEEDINGS{10.1007/978-3-030-41593-8_5,
        author={Fatou Mbodji and Gervais Mendy and Ahmath Mbacke and Samuel Ouya},
        title={Proof of Concept of Blockchain Integration in P2P Lending for Developing Countries},
        proceedings={e-Infrastructure and e-Services for Developing Countries. 11th EAI International Conference, AFRICOMM 2019, Porto-Novo, Benin, December 3--4, 2019, Proceedings},
        proceedings_a={AFRICOMM},
        year={2020},
        month={2},
        keywords={Blockchain Fintech Developing countries P2P lending Smart contracts},
        doi={10.1007/978-3-030-41593-8_5}
    }
    
  • Fatou Mbodji
    Gervais Mendy
    Ahmath Mbacke
    Samuel Ouya
    Year: 2020
    Proof of Concept of Blockchain Integration in P2P Lending for Developing Countries
    AFRICOMM
    Springer
    DOI: 10.1007/978-3-030-41593-8_5
Fatou Mbodji1,*, Gervais Mendy1,*, Ahmath Mbacke1,*, Samuel Ouya1,*
  • 1: Ecole Supérieure Polytechnique (ESP)/Université Cheikh Anta Diop de Dakar (UCAD)
*Contact email: fatou.mbodji@esp.sn, gervais.mendy@esp.sn, ahmathbamba.mbacke@esp.sn, samuel.ouya@gmail.com

Abstract

Blockchain is depicted as a promising technology for fintech notably in developing countries. That’s why, it’s important to be interested in it, so as to know how to realize these probables blockchain’s benefits. It presents a diversity of choices that impact on results in various ways. Studies have focused on fintech services business models such as P2P lending, others on the blockchain impact on finance, some even particularized in the case of developing countries. In these areas, a massive penetration of mobile phones is noted. It is in this context that fits this present study. In this paper we study the feasibility of a P2P lending platform based on blockchain and adapted to developing countries. The main contribution made by this article is: we developed a protocol and a business model of Peer-to-Peer (P2P) lending suitable to developing countries and accessible via mobile phone. The protocol integrates a service against the diversion of objectives which is based on smart contract.