The problem ChainCo solves

• Storing of supreme documents and intellectual assets becomes increasingly complex as these assets scale for an organization for tracking. A real-world asset can be tokenized as a utility for users to hold and receive specific access which can further lead to rewards.
• Authorized vendors (such as institutes) can issue credentials in bulk using a secure CSV parser. However, issuing assets in bulk can be time-consuming and involve trial-and-error methods.
• Our tokenized promise, an ERC5192 token representing ownership of a real-world asset, is a utility token that grants access to future rewards and staking opportunities in liquidity pools. Traditional systems lack this real-world benefit of storing and holding promises as proof of real world asset ownership. Soul Bound Tokens are Non transferrable NFT's acting as identity tokens
• We offer simple QR code-embedded proofs representing ownership promises of real-world assets. Anyone can easily scan and verify these proofs with confidential data sharing. While Zero-knowledge proofs (ZKPs) are complex for web2 provers and verifiers to generate and verify real-world credentials
• Even in web3 world most identity protocols hold confidential data within native data types in the smart contracts that can cause data breach. We tackle this using chainco's confidential global states
• Provide a dynamic reputation protocol which takes in consideration the current market demand for that real world asset that the user owns. This feature is built using generative AI
• We allow users to swap their native crypto tokens providing low slippage costs, facilitating liquidity creation in the network for our DApp. However, interoperability remains a challenge for other decentralized storage vaults.

Challenges we ran into

• Understanding the pain points in web3 systems which included researching about reputation protocols, storage vaults and verifiable computation
• The utility token was a simple erc721 NFT which increase high risk of the utility token(promise of holding the asset) itself being forged easily. We came up with Soul Bound Tokens for this matter to fight digital forgery.
• ChainFlip SDK which provides low slippage swaps setup caused conflicts in node modules
• Most confidential states on blockchain are public or external which results in data breaches. We use on-chain encryption of data in our global states for all confidential data and decrypt it off-chain using fhemvmjs library