Inspiration
Managing physical business-client contracts can be expensive. It may sometimes involve hiring lawyers, witnesses, banks and managing signatures. FinPEN is built to make real-world business contract management tamper-proof and low-cost. You can call FinPEN the "Poor person's contract Lawyer."
What it does
Fin PEN is an AI powered blockchain DApp built to convert real-world business contracts into tamper-proof smart contracts.
How we built it
A client takes a photo of a real-world business contract and uploads it to the app. The app's image processing AI captures the contract's data and the data captured is added to Chainlink's blockchain as a smart contract.
Challenges we ran into
Blockchain smart contracts can be expensive to deploy.
Accomplishments that we're proud of
We are proud of the we have replaced physical contract signatures with blockchain digital signatures.
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