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Metamask
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Main Interface
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AI assistant
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Inspiration:-
UPI is a success story because it brings real-time remittance of funds on fingertips of the people. However, cryptocurrency is still assumed to be a very tech-savvy product/medium to do transactions. Moreover, solutions like UPI make the transfer of funds easier within the domestic borders of the country and doesn’t hold much utility when it comes to international transactions. Crypto being de-regularised can be used to perform real-time transactions across the globe. It also solves the problem of acceptance in other parts of the globe, where domestic currencies need to be exchanged and has a hassles process. The normal bank transfer of currency from one country to another takes an entire day and also requires currency conversion, but using crypto or digital coins we can easily overcome this currency conversion problem.
So we have developed this wallet-based user-friendly solution to perform real-time transactions in Crypto with anybody from anywhere in the world.
What it does:-
It helps in international as well as domestic transactions of cryptos over the web3 network. It is user-friendly wallet for real-time funds transfer.
How we built it :-
We will use blockchain technology to develop an entire decentralized web application for the smooth and secure transfer of assets over the web3 network. The model will contain the authentication of users and then the creation of a new wallet(metamask/custom). This two-factor authentication makes our prototype unique and different. Later on, the react frontend with a dynamic and seamless load page will serve as our user interface. Users will be asked to connect their wallet to the dapp(decentralized app) and start using the services. As the entire project focuses on the growth and security of cryptocurrencies hence we also have an add-on feature which will be an AI-based voice application that users can use to generate all news and prices regarding these currencies.
1) We are targeting the finance sector majorly the digital gold and other related schemes. 2) For inter-continent fast and seamless transactions. 3) Potential users with legal values.
Challenges we ran into
While developing it was very hard to write proper smart contracts and then connect our frontend with our blockchain app. Another major problem was to collect relevant data about cryptos and other digital currencies. As in India cryptos are not much used but countries like Australia, the USA, and China use this new form of money.
Accomplishments that we're proud of
After several failed attempts we managed to create a decentralized application for finance named as Krypt - An etherwallet with AI assistant and chat functionality.
What we learned
1)Proper time management. 2)Teamwork. 3)Courage to get out of our comfort zone and build something on a large scale.
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