Finguard: A Blockchain-Enhanced Distributed Fintech Solution for Secure and Transparent Community Savings

Introducing a grip of a Blockchain technology that can be used to transform the way Community Savings can be carried forward. The various savings and payments are automated through smart contracts which can carry out all savings contributions and payouts in a secure and verifiable way, using Truffle and Ganache-based ledger to provide immutable and secure transaction records. Financial companies could base the savings scheme on the Rotational Savings Scheme (Chit fund model) where they get the opportunity to contribute every month and take their payout in their own month. It has a dashboard that makes it easy for the participants to be able to track their contributions, the reviews they received, and their payouts. Operations are managed by the admin which verifies users, validates users, retrieves data from the database, and also checking fraud detection. Natural Language Processing (NLP) is utilized in the system to do sentiment analysis on user reviews to create trust scores for various financial companies to improve credibility as well as transparency. It is a scalable, secure, transparent ecosystem for building a community savings blockchain solution based on this blockchain.