Blockchain Integration for Online Lending
Wayni is a digital platform for lending money online that allows users to upload their personal information, runs verification process in the backend for risk assessment using multiple sources through APIs and determines the amount available to lend based on an algorithm combining all these inputs.
Once the loan is determined, the user proceeds to confirm the desired amount and generate the transaction.
Wayni wanted to leverage the blockchain technology to keep a record of all the loans granted in an open, transparent and immutable manner. To achieve this, we develop an integration with the RSK blockchain that generates a wallet for each user and persist the transaction in the blockchain using encryption to protect sensible data from being exposed.
