About Project

Online Money lending platform also referred as peer-to-peer lending platform (P2P) describes the process of lending and borrowing money between private individuals mostly via an online web-based platform without a direct arbitration of financial institutions such as banks or other financial agencies. In 2005 the first money lending platform called Zopa was created in the United Kingdom, several other types of money lending platforms have since followed. What caused peer-to-peer lending to become popular today is that it can now be carried out via the internet. The objective of this project is to develop a cloud-based money lending platform with both the direct auction and reverse auction mechanism and to implement blockchain technology to secure transactions between lenders and borrowers.