To change the microlending narrative, the concept of uncollateralised lending using Self-sovereign identification seems to be an ideal alternative to the extant DeFi lending model.
Applying for a loan can be slow, time-consuming, and paperwork-heavy process. Many applicants have previously been rejected from loans due to potential discriminatory factors, as a by-product of oversharing specific details such as zip code or name.
The use of digital self sovereign identity allows users to authenticate their creditworthiness and verify their Good Reputation Score.
Solidity JavaScript and React for the frontend Foundry a toolkit to test and deploy smart contracts . Figma is the design tooling used to create the UX/UI designs.
Polygon ID Technology is the Self Sovereign Identity solution that we utilized to add verified claims to the platform.
We deployed on each of these chains: Optimism Gnosis Chain Polygon
We wanted to also deploy on Klaytn and Scroll. However, Scroll has a gated mainnet, so we did not have access to the tech stack.
We elevated Metamask and Walletconnect tech stack to allow the user to connect to their designated wallet.