UNiDLoan? is an app for university students who need loans to fund their research and progress to be connected to interested investors.
We connect students and investors through the power of decentralized blockchain. Investors can provide loans to students in need, in exchange for receiving interest on their loan. They can also set terms and conditions on the loan. Once the student meets the terms and conditions on the loan, the investor, if they are satisfied, can renegotiate a new loan. The cycle continues, and slowly a large decentralized speedy loan program develops for students in desperate need.
Why invest?
- Receive interest on your loan + able to renegotiate a better loan
- Get access to cutting edge research and progress depending on your loan conditions
- Make the world a better place and take students along with you
How we built it:
We used Next.js for our frontend and backend along with MongoDB to host all our data. We used NEAR tokens to facilitate transactions and Starknet to create smart contracts for event management.
Challenges we ran into:
We mostly ran into challenges with integrating NEAR and Starknet, not because their use-case was unclear, but because it was one of our first few times working with blockchain technology. The hardest part for us was understanding how smart contracts work and how we could deploy and use them.