P2P Loan Management System Using Blockchain in 6G Network System

Authors

  • Gayke P Information Technology, Dr.Vithalrao Vikhe Patil College of Engineering, Ahmednagar, India.
  • Gajanan Badak P Information Technology, Dr.Vithalrao Vikhe Patil College of Engineering, Ahmednagar, India.
  • Namdev Pund P Information Technology, Dr.Vithalrao Vikhe Patil College of Engineering, Ahmednagar, India.
  • Dattatray Jawale R Information Technology, Dr.Vithalrao Vikhe Patil College of Engineering, Ahmednagar, India.
  • Bhausaheb Kotkar M Information Technology, Dr.Vithalrao Vikhe Patil College of Engineering, Ahmednagar, India.
  • Shantilal Gaware S Information Technology, Dr. Vithalrao Vikhe Patil College of Engineering, Ahmednagar, India

DOI:

https://doi.org/10.26438/ijcse/v12i5.6873

Keywords:

Loan origination,, Transparency, Security, Blockchain

Abstract

Decentralized, secure platform that aids in managing loan operations is the loan management system that uses blockchain technology. Through the use of blockchain`s distributed ledger technology, security, immutability, and transparency are guaranteed. The loan lifecycle may be managed with this system in an open and effective manner, from the point of loan application to loan payback. Every stage of the loan application process is documented on the blockchain, resulting in an irreversible and permanent record of all transactions. The loan management system automates a number of loan-related tasks, including loan application, credit evaluation, approval, and disbursal, by using smart contracts. This guarantees more accuracy and transparency, gets rid of the need for middlemen, and shortens processing times

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Published

2024-05-31
CITATION
DOI: 10.26438/ijcse/v12i5.6873
Published: 2024-05-31

How to Cite

[1]
P. Gayke, P. Gajanan Badak, D. Namdev Pund, R. Dattatray Jawale, M. Bhausaheb Kotkar, and S. S. Gaware, “P2P Loan Management System Using Blockchain in 6G Network System”, Int. J. Comp. Sci. Eng., vol. 12, no. 5, pp. 68–73, May 2024.

Issue

Vol. 12 No. 5 (2024): IJCSE May Edition

Section

Review Article

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