Team Byte_Me_BirulManMang, comprising i-MTech students Hemang Seth, Shreyas Biradar, Aryaman Pathak, and Rutul Satishkumar Patel, clinched the winner’s title at the AI and Data Science Codeathon 2024. This prestigious event was organized by RBiH in collaboration with the IIIT-B Innovation Centre.
The team’s innovative solution, Nano Credit AI, integrates artificial intelligence and blockchain technology to assess the creditworthiness of nano entrepreneurs—those lacking traditional financial data. By utilizing AI modules such as OCR, NLP, and predictive modeling, the solution analyzes alternative data sources including community feedback, business activity, utility payments, and assets to generate dynamic credit scores.
Furthermore, a unique ID system powered by blockchain ensures secure, tamper-proof data sharing, allowing entrepreneurs to control and share their information with multiple institutions. The platform prioritizes inclusivity, data privacy, and fairness, providing underserved entrepreneurs with access to formal credit and contributing to global financial equality. This scalable solution has the potential to revolutionize credit access for nano entrepreneurs, empowering them to thrive in today’s digital economy.