Inspiration
To give the best to all the citizen of the country
What it does
if the user is qualified for any fund available then they will be notified from our application automatically, and if they wish they can continue the procedure to get the benefit To get the benefit , the user would need to upload more documents such as fingerprint, face scan etc. to confirm their identification
How we built it
We will create an application that will allow users to upload papers like wage receipts and Aadhar cards. Once the user uploads all of the required materials, our application will scan them and match them against all available government fund policies. The user will automatically be alerted through our application whether they are eligible for any funds that are available, and if they so choose, they can proceed with the process to receive the benefit.The user need to provide additional papers, such as a fingerprint or face scan, to prove their identity in order to receive the reward. By doing so, we will disrupt the supply chain, cut out the middlemen, and provide eligible individuals with direct policy benefits.
Challenges we ran into
Cryptography: Cryptography will provides the security and authenticity for transactions. We will use public-key cryptography to create digital signatures that will ensure that only authorized parties can make transactions on the blockchain. Distributed Systems: Distributed systems will enable the decentralized nature of blockchain by allowing for multiple nodes to communicate with one another in a peer-to-peer network. This will ensures that the system is not controlled by a single centralized authority. Smart Contracts: Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. Smart contracts can automate the execution of policies, making the process faster and more efficient. Internet of Things (IoT): IoT devices will be used to interact with the blockchain, allowing for the creation of secure and decentralized systems for data management and communication. Artificial Intelligence (AI): AI will be used to analyze blockchain data and detect patterns or anomalies in the network. This can be useful for identifying potential security threats or monitoring the blockchain for fraudulent activity. Interoperability Protocols: Interoperability protocols allow different blockchains to communicate with each other, which can be useful for creating our complex applications which require the exchange of information across multiple blockchain networks.
Accomplishments that we're proud of
Before this, I worked under 2 start-ups so I know how things gonna work in a company
What we learned
Process and progress I have learnt from my previous experience
What's next for Fundmapper
Development costs: The cost of building a blockchain system will depend on the size and complexity of our project, as well as the technology stack we will use. This includes costs for software development, infrastructure, testing, and security. Integration costs: If the blockchain system needs to be integrated with existing systems or applications, this can add additional complexity and cost. Network costs: Running a blockchain network requires computing resources and bandwidth, and this can add to the cost of the project. Maintenance costs: Once the blockchain system is up and running, ongoing maintenance and support costs will be incurred. Regulatory and compliance costs: Depending on the industry and jurisdiction, there may be additional costs related to regulatory compliance and legal fees.
Built With
- ai
- android
- blockchain
- c++
- database
- web
