Challenges
Best identity or reputation applications built on ComposeDB
we have an inovative use ov compose db to securely share terms of loans for an interpersonal credit score
Web3Modal DeFi Challenge: Making Bank (Without the Banks)
wwe build a new type of bank based on friends and family lending
Best Use of Polygon
we run an inovative bank on polygon
A credit line for every wallet
we create a new type of credit score
MetaMask Snaps - Identity 🪪 & Communication 💬
social recovery that relyes on lenders in a lending pool.
#BUIDLathon 2023 Impact + Public Goods Track
For the last 5000 years, friends and family lending has been the most robust credit system. It relies on human-to-human reputations and morals. With these reputations as collateral, we build a new type of interpersonal credit score. No fake accounts, no phony reputation -- just a trust-contract. Working on solar panels as a Ph.D. in quantum chemistry, I realized that even if solar panels pay for themselves in 2 years, a village in Africa has only 1 or 2 months of savings. Most of the developing world's problems are solved with credit. clean water, housing, starting a business, getting an education, and so on
Project details
IRL-Trust
https://github.com/kirilligum/irl-trust
The on-chain interpersonal credit score for unbanked
For the last 5000 years, friends and family lending has been the most robust credit system. It relies on human-to-human reputations and morals. With these reputations as collateral, we build a new type of interpersonal credit score. No fake accounts, no phony reputation -- just a trust-contract.
Working on solar panels as a Ph.D. in quantum chemistry, I realized that even if solar panels pay for themselves in 2 years, a village in Africa has only 1 or 2 months of savings. Most of the developing world's problems are solved with credit. clean water, housing, starting a business, getting an education, and so on
Current microfinance and web3 lending solutions are stuck at scaling verifications.
So this is how we do it:
1. An intuitive dApp -- you create a loan, get friends and family in, extended connections join in, and you pay the loan off.
2. social recovery for non crypto native
3. A marketplace with interpersonal credit score
4. fake accounts have low interpersonal credit score and are excluded
5. we built with huma, ComposeDB, wallet connect, circle, polygon, and metamask snaps
Our team are all outstanding coders and product creators. And we witnessed the pain of financial exclusion.
The term "smart-contract" is tech-focused and scary. It's time to grow human trust to the entire world. People need a trust-contract.