DowryLink with Dowerin

Inspiration

The inspiration for DowryLink with Dowerin came from a desire to leverage the blockchain to alleviate a specific aspect of human suffering. During a wind-storm-induced power outage came the idea to improve dowry agreements, which lead to further research uncovering that significant dowry-related domestic violence occurs around the world. Much of this dowry-related violence is reportedly due to dowry disagreements that are, at their core, contract disputes. Dowry remains a deeply ingrained, and debated, cultural practice in many parts of the world and remains a point of contention at the beginning of many marriages. Specifically, there often exists a disagreement about the amount of dowry that is expected to be paid. This can lead to many unfortunate circumstances. For example, I read a story where a young bridge-to-be ended her life because she believed she would never have enough dowry to marry. This was a jarring realization. In response to these realizations, I envisioned a better way to approach the dowry contact process and, more broadly, a better way to approach the marriage contact process. The use case of the DowryLink platform could, in the future, be expanded to all marriage contacts, that are today issued via county or state license. This fragmented method of certifying marriage contracts (marriage licenses) is ripe for disruption.

What it does

DowryLink with Dowerin facilitates a dowry contract on the blockchain that is agreed upon by all parties prior to a marriage taking place. It introduces a new token, Dowerin, which is introduced as both a trade-able token and a grant-able asset to low and no income brides-to-be to provide for dowry. The objective of these grants from the perspective of DowryLink is two-prong: to provide hope and a better future for brides-to-be, and to provide an expensable donation for offsetting DowryLink profits, as the market value of the grants should be a non-cash deductible expense.

Chainlink Oracle Data is integrated into each DowryLink Smart Contact and ensures an accurate price for the token or assets included in the contract.

How I built it

Using Moralis and Avalanche, along with Chainlink Oracle Data, I created a webapp using a React front-end hosted directly from a GitHub instance using AWS Amplify. I issued the Dowerin token on the Ropsten Test Network. I chose the .in domain as it is the Indian (India) domain name system, and India has been particularly rough on cryptocurrency. They also continue to struggle with dowry related incidents. Highlighting that cryptocurrency can be used for social good, specifically to reduce or eliminate dowry disputes, may both benefit the crypto industry and create a positive social impact.

Challenges I ran into

Developing the concept for the project did take some time, as my requirements were to solve, or improve, an issue related to human suffering using blockchain. Moralis was helpful in speeding up the development process, and using pre-built platforms such as React and WordPress allowed for more focus on building out the DowryLink app.

Another unique challenge is the pending legislation in India regarding private cryptocurrencies. It is my view that using a testnet token, as opposed to a mainnet token, should allow the use of Dowerin under Indian law.

Accomplishments that I'm proud of

Using crypto and blockchain to build a solution that may improve marriage relationships throughout the world is a particular point of pride. Seeing how it would be easier to put marriage contracts (marriage licenses) on the blockchain was also a lightbulb moment.

What I learned

I learned there are many unique problems, and not just digital ones, that can be solved using the blockchain. While crypto and blockchain have been thought of as speculative, in reality, they will disrupt entire industries. And hopefully lower the cost, both financially and emotionally, of disputes.

What's next for DowryLink

Continue to build out the platform and prove market fit. Successfully launch Dowerin, and make contact with grantees. Potentially raise capital by proving a profitable business model that is customer-friendly. And keep a focus on expanding DowryLink as the entity to register, not only dowry contracts (which will generally be from lower-income countries) but also wedding contracts (which could come from high-income countries). The wedding industry is generally able to price their products above their marginal value because they are capturing a specific point in time that many people only pay for once. I imagine DowryLink, in time, can create a market for blockchain-registered wedding contacts and can replace, or at least supplement, wedding licenses.

Points of Contact

Built With

Share this project:

Updates