Abstract

Gyaan, no.1 destination for providing all student banking needs includes, online digital accounts, loans, cards, overdrafts etc on the Blockchain for students, parents, and guardians.

Problems associated with the current traditional lending ecosystem for educational loans which involves 3rd parties, requires co-applicants and guarantors with good credit score and high collateral.

Gyaan is bringing a new alternate credit scoring system to help those who are unbanked with poor credit or no financial history (Estimated to be more than 2 billion worldwide) and connecting them with lenders around the globe and settling the transactions using smart contracts and AI. Students & Educational Institutes can verify & store securely their educational & academic certificates on the Blockchain to create an intrinsic value.

The Gyaan Ecosystem introduces novel concepts:

This white paper describes Gyaan Ecosystem and its products and concepts in detail. The Gyaan Ecosystem will be launched with ERC20-compliant tokens and will be integrated into other market leading DeFi Protocols by Q1 2025.

Gyaan ecosystem participants

Ecosystem participants are categorized as below.

1. Students and their families (parents, guardians) who are Borrowers.

2. Individuals, FinTech’s, Small Business Offices and Banks, who are Lenders.

3. Educational Institutions, Colleges, EdTech’s as originators or course providers.

4. General Investors who invested in the project either buying tokens or by equity investment.

5. Blockchain Infrastructure partners, DEX’s, DeFi Protocols, Liquidity Providers etc

Gyaan creates frictionless, transparent, and borderless payments for student loan markets. Borrowers will be able to borrow without the need of the intermediaries, 3rd parties and guarantor. Lenders will be able to lend with confidence earning secured, dedicated, and repeated returns for their investments.