Inspiration
The concept of immutability and decentralized ability in blockchain technology inspired us to develop this project.
What it does
We try to create an application that helps public or private organizations to track the transaction in a more transparent and legitimate manner
How we built it
We build this project using _solidity _and other programming languages
Challenges we ran into
Initially, it was just an idea but on implementation, we find it was challenging to make such a project in a short span of time Since this is our first project in the blockchain. It was quite challenging.
Accomplishments that we're proud of
Our project might win or lose but we are proud of trying this out.
What we learned
We learn how blockchain works in a practical way and learn solidity language and some basic accounting for our project
What's next for Tax Administration System
For instance, if our project gets implemented in tax administration in any government or private organization. Since each and every transaction will be validated by a simple program ie. smart contract. It eliminates human efforts. And the chances of tampering with the system and misinformation will be minimized. And it will have all the histories of transactions.
Advantages:
Transparent transaction, Highly secure, Tamper proof, Reduce cost validation.
Disadvantages:
Time-consuming
Log in or sign up for Devpost to join the conversation.