In the present scenario, the government declares a project and releases a tender for builders to express interest to work on. Then the builder who expresses the best interest favorable in terms of material quality and cost to the government finalizes the proposal. The government then releases funds that are, in turn, used by the builder to buy materials. This involves middlemen at multiple stages and an unaccounted commission. Much of the funds go unaccounted. With the RFID and blockchain combined, we are trying to solve the problem by greater accountability.
What it does
BlockMat suggests creating a seamless payments network built on the Matic using moon pay as our payment service API. We at TransMat designed a model where the fund allocation happens in blockchain, the usage to buy raw materials occurs in the blockchain. Each transaction is logged on the ledger, which would available publicly hence increasing transparency. NO ONE DOES WORK WITHOUT BEING BENEFITTED.So even if the parties involved take commissions, it is accounted for!
How I built it
We are using flutter as frontend tech stack and Matic for backend payments. The application database is hosted on MongoDB. Ledgers are built using Hedera HashGraph
Challenges I ran into
We still need to figure out a way to make public ledgers much better!
Accomplishments that I'm proud of
Hacking the chain first time was fun.
What I learned
Flutter being combined with blockchain
What's next for BlockMat
Using the two most secure techs available today, RFID and blockchain, we are trying to encrypt the process from each end. Each material batch used for the government project would be sealed, verified, and details regarding the contents of the shipment would be stored in RFID. With the detailed database available to the government, the government would get a wholly monitored process at hand.