Banking: Loan Applications Challenges Borrowing money from banks is a time-consuming and complex process. Banks accept loan applications and lend money to only good-risk borrowers. To ascertain the right borrowers, banks collect details of personally identifiable information (PII) such as DoB (Date of Birth) government IDs, electricity bill, passport number, and whatnot. They use information bits to assess an applicant’s credit rating that predicts their debt payback ability, and the likel...

Hyperledger Fabric is a platform that fits best for developing private and permissioned business solutions with distributed ledgers. It enhances confidentiality, resiliency, flexibility, and scalability of the network with its modular architecture. Hyperledger Fabric enables developers to build private blockchain solutions for organizations looking to set up private consortiums. Unlike public blockchains where anyone can join the network, users have to enroll through Membership Service Provider ...