BX Smart Labs

BX Smart Labs is building a platform that allows participants to access Rotating Credit and Savings Associations (RoSCAs) within and outside their communities. A RoSCA is a group of individuals that each contribute a set amount to a common fund on a regular basis, enabling alternative savings and lending vehicles for members. The platform uses smart contracts to automate the payments and withdrawals of a RoSCA through terms set by the participants and employs a reputation-based token to measure the performance of participants, i.e(paying on time and in full.