Deffect bolo
This document describes the requirements for the Deffectbolo Credit and Loan financial platform, which is the lending of money by individuals without a financial institution. The platform uses the advantages of Blockchain and Smart contract technology to automate all currency lending processes. The available currencies for lending are Token on Tron Main Net, crypto-valued assets and fiat currencies like Stable coin.
This document is prepared for the entire development team to design, program, verify, and implement the platform.
In this application we develop the Deffectbolo platform with the collateral (DBLp) seamlessly integrated into the Deffectmodule (DML). They share the same interface and security models (User Roles and Rights).
The available loan currency is Token on Tron Main Net or DEF. Collateral will only be charged by valuable coins. However, the platform needs to be designed in a way that can be widely improved with more cryptocurrencies or fiat currencies in the future.
The DBLp platform includes the following features:
· Only sign on
· P2P loan settings
· Features Loan request of Borrower
· Funding features for loans deposited by depositer
· Smart contract
· Interface with Smart contract
· Interface with Creditability services
· Dashboard & Reports
To satisfy the requirements of this project the following assumptions and constraints must be as follows:
The Deffect module is a separate project and must be completed before being integrated into the DBLp.
In UI/UX design point of view, DBLp must have the same interface and security models as the Deffect module.
- Calculating and providing credit scores of borrowers is a separate project and must be completed before being integrated into DBLp.
The DBLp platform includes borrower, depositer, creditability services and smart contracts. The following chart provides an overview of the entire platform.
· The balance of depositer will be displayed on each token.
· Lenders create their investment profiles. This money will be used to finance loans to buy tokens of other value, scalable on the mulitple chain of ETH, EOS, Tron main net.
· Borrower makes a loan request.