The problem Blockwise solves

In the current crypto ecosystem, the challenge of seamless and user-friendly transactions persists, especially for individuals ranging from newcomers to experienced web3 users. Existing platforms often struggle to address the complexities of splitting payments in a decentralized finance (DeFi) environment. The need for a solution that caters to both novices and seasoned users, allowing for effortless crypto-to-crypto or crypto-to-INR transactions, is evident. Recognizing this gap, Blockwise aims to serve as a DeFi payment platform, dedicated to resolving the splitting conundrum and providing a smooth transaction experience for all users within the crypto space.

Challenges we ran into

1. Regulatory Compliance: Dealing with cryptocurrency regulations can be complex and varies globally. Ensuring compliance with existing and evolving regulations in different jurisdictions is a significant challenge.

2. Smart Contract Risks: Smart contracts are susceptible to vulnerabilities and bugs that can lead to financial losses. Conducting thorough audits and implementing secure coding practices is essential.

3. Interoperability Issues with multiple chains: Integrating with various blockchain networks and ensuring interoperability can be challenging.