Defi Loans, NFTs and On-Network ID

Develop a defi system where custom loans can be written and funded by consumers for consumers.

Nine years experience in the financial services industry most recently as Director of Legal Operations.

Objective: Offer a method in which a loan can be structured, published and funded by consumers for consumers on a Defi market place. The loan structure and all of the consumers identification and private information shall be stored in an NFT. The smart contract shall dictate the terms of the loan, repayment and interest due.

This proposal meets the criteria of the challenge since it will drive the use of NFTs in a number ways:

1. NFTs will act as proof of funding a loan and will give the owner rights and permissions to principle and interested as agreed upon in the loan structure loan receiver.
2. NFTs will include the loan recipients name, address, telephone, government ID and signature.

1. Debt collection can then take place if needed using the NFTs. 

Definition of Success:

1. Developers hired to construct Defi/Dapp/Website. (3months)

1. Website constructed (6months)

1. Defi/Dapp constructed (12months)

1. Launch Date (15 months)

Budget Requirements:

Developers ($100,000)

Consulting ($75,000)

Website/Data Storage ($25,000)

Total ($200,000)