Next Generation Society. Technological and Legal Issues. Third International Conference, e-Democracy 2009, Athens, Greece, September 23-25, 2009, Revised Selected Papers

Research Article

A New Paradigm for Secure Social Lending

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  • @INPROCEEDINGS{10.1007/978-3-642-11631-5_34,
        author={Emmanouil Serrelis and Nikolaos Alexandris},
        title={A New Paradigm for Secure Social Lending},
        proceedings={Next Generation Society. Technological and Legal Issues. Third International Conference, e-Democracy 2009, Athens, Greece, September 23-25, 2009, Revised Selected Papers},
        proceedings_a={E-DEMOCRACY},
        year={2012},
        month={5},
        keywords={Social Lending P2P Lending Security Trust e-Services},
        doi={10.1007/978-3-642-11631-5_34}
    }
    
  • Emmanouil Serrelis
    Nikolaos Alexandris
    Year: 2012
    A New Paradigm for Secure Social Lending
    E-DEMOCRACY
    Springer
    DOI: 10.1007/978-3-642-11631-5_34
Emmanouil Serrelis1,*, Nikolaos Alexandris1,*
  • 1: University of Piraeus
*Contact email: serrelis@unipi.gr, alexandr@unipi.gr

Abstract

Social Lending is one of the latest trends in Social Networking, offering a communication and financial channel between individual borrowers and lenders. The various Social Lending transaction schemes could be subject to multiple security threats, in both financial and technical terms, which could affect the integrity of the service as well as the trust of citizens. This paper provides an overview of the basic characteristics of Social Lending as well as an analysis the potential security issues suggesting some appropriate corrective measures. The ultimate target is to enforce the Social Lending effort with an information security foundation that could become an appreciable alternative to the “traditional” lending system.