Loan Origination System in Housing Sector Using Blockchain

Utkarsh,; Pamnani, Hemant; Saran, Puneet; Vetrivelan, P.

doi:10.1007/978-981-16-4625-6_91

Cited by 1 publication

(2 citation statements)

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“…The reviewed articles encompass a diverse range of geographical contexts, shedding light on the global interest in understanding the implications of blockchain technology for SMEs. The investigation spans various regions, including India (Kaur et al ., 2022; Paliwal et al ., 2020; Sahoo and Thakur, 2023), Ghana (Asante Boakye et al ., 2022, 2023), Saudi Arabia (Alshareef and Tunio, 2022), China (Chen et al ., 2021; Sun et al ., 2021a, b), Qatar (Dahdal et al ., 2020) and Russia (Christian et al ., 2020), and examines sectors as varied as housing (Utkarsh et al ., 2022), trade finance (Dahdal et al ., 2020; Truby et al ., 2022), livestock export (Miller et al ., 2023), e-commerce (Jiang and Chen, 2021; Li et al ., 2020) and automotive retail (Chen et al ., 2020). This diverse representation underscores the ubiquity of the exploration into blockchain's potential impact on SMEs across different nations and industries.…”

Section: Thematic Analysismentioning

confidence: 99%

“…The distributed ledger technology used by blockchain to record and share every information item solves the information asymmetry problem. Utkarsh et al . (2022) propose a decentralized system that stores debt history, including debt repayment and default records, allowing low-risk and high-quality SMEs to access loans without collateral by demonstrating their credibility and key performance indicators via transparent information dissemination.…”

Section: Thematic Analysismentioning

confidence: 99%

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Filling the SME credit gap: a systematic review of blockchain-based SME finance literature

Kumar,

Phani,

Chilamkurti

et al. 2023

JTS

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PurposeThe review examines the existing literature on blockchain-based small and medium enterprise (SME) finance and highlights its trend, themes, opportunities and challenges. Based on these factors, the authors create a framework for the existing literature on blockchain-based SME financing and lay down future research paths.Design/methodology/approachThe review follows a systematic approach. It includes 53 articles encompassing multiple dimensions of blockchain-based SME finance, including peer-to-peer lending platforms, supply chain finance (SCF), decentralized lending protocols and tokenization of assets. The review critically evaluates these approaches' theoretical underpinnings, empirical evidence and practical implementations.FindingsThe review demonstrates that blockchain-based SME finance holds significant promise in addressing the credit gap by leveraging blockchain technology's decentralized and transparent nature. Benefits identified include reduced information asymmetry, improved access to financing, enhanced credit assessment processes and increased financial inclusion. However, the literature acknowledges several challenges and limitations, such as regulatory uncertainties, scalability issues, operational complexities and potential security risks.Originality/valueThe article contributes to the growing knowledge of blockchain-based SME finance by synthesizing and evaluating the existing literature. It also provides a framework for the existing literature in the area and future research paths. The study offers insights for researchers, policymakers and practitioners seeking to understand the potential of blockchain technology in filling the SME credit gap and fostering economic development through improved access to finance for SMEs.

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