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

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.