AlphaFin, Dhosa Chandaneswar Bratyajan Samit Tech Partnership for the benefit of rural Indian women
AlphaEnd, a fintech company that helps clients transition to blockchain-based financial systems, today announced the successful integration of a blockchain-powered microfinance institution, together with Dhosa Chandaneswar Bratyajan Samit headquartered in Calcutta, India.
“The significance of this achievement is that for the very first time, the loan proposal is immutably recorded on the Casper blockchain which provides verification and authentication of the loan and the identity of the lending microfinance organization. “, has explained Dr Adel Elmessiry, the CTO and President of AlphaFin and the creator of Decentralized lending network.
âDue to COVID-19 and the disasters it has created – especially in the area of ââloans and micro-loans – there is no easy way to meet these needs without being able to validate identity and the authenticity of the actual loan transaction on both sides. . Well in place, we are finally opening a new way across the world for humanity to help each other. We can’t wait to get started and have DCBS as a partner.
âWe are delighted that Dhosa Chandaneswar Bratyajana Samity has been successfully integrated into the DLN testing platform. We can now download 150 loan proposals for goat herders in the Sundarbans Biosphere Villages of South 24 Parganas District, West Bengal, India, âsaid D.Hosa Chandaneswar Bratyjana Samity secretary Animesh Naiya.
The DCBS / Alpha Fin collaboration will serve as a proof of concept focused on the current project of the fintech company, a decentralized autonomous organization called the Decentralized Lending Network (DLN.org). The Decentralized Lending Network is a financial technology project that lives on the blockchain.
AlphaFin provides advice, compliance assistance and the application of turnkey solutions. He works with the United States-based impact organization, Let’s Rethink This, to publicize and accelerate his projects and partnerships.
Dhosa Chandaneswar Bratyajan Samity is a development organization working to improve the financial situation of women in rural India. It was established in 2003 in a remote village of Dhosa in the Sundarban region of West Bengal and was registered under the West Bengal Companies Registration Act in 2003.