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FairPay AI

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FairPay AI

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Jhybo07 Oct. 26, 2025
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Challenge: Safety and ethics

Industries

Finance/DeFi

Technologies

Blockchain & infrastructureData science & analyticsOther

Tags

AIDF rules

Description

FairPay AI ensures ethical automated lending by using transparent AI scoring models for DeFi loans. Borrowers are assessed fairly without hidden bias, and repayment terms are dynamically adjusted to avoid over-indebtedness. The system empowers financial inclusion while embedding fairness, accountability, and data privacy into decentralized lending ecosystems.

 

Detailed Idea

Alignment with DF goals (BGI, Platform growth, community)

Problem description

AI-powered lending often inherits biases from historical data, leading to discrimination against marginalized users. Over-indebtedness and opaque scoring reduce trust and exclude vulnerable populations from fair finance opportunities.

 

Proposed Solutions

FairPay AI applies explainable, bias-checked models, ensuring equitable credit evaluation. Smart contracts enforce adaptive repayment schedules and ethical oversight. Users can audit AI decisions, promoting transparency, fairness, and inclusive participation in decentralized lending systems.

 

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