The problem CharConnect solves

Problem:
Traditional donation processes often leave donors uncertain about the impact of their contributions. After going through the effort of finding and verifying an NGO, donors typically have no insight into how their money is utilized, leading to concerns about transparency, trust, and potential fraud. With 1 in 5 individuals experiencing fraud in charitable giving, the lack of accountability and credibility creates a significant barrier for those wanting to support good causes.
Solution CharConnect:
• Joint Accounts: Shared private key, individual passwords for security (Both Have the Transparency).
• Transparent Transactions: Clear, secure deposits and withdrawals.
• Blockchain Bills IPFS: Auto-stored, pending verification for accountability (Scanned through OCR).
• Signature Scanning: ML-powered for enhanced security (3rd Layer of Verification).
• Universal QR Code Payments: Easy payments with any Universal cryptocurrency. (i.e. – Paytm of Blockchain)
• Smart Contracts: Auto fund release upon NGO milestones.
• Generative AI Insights: Data analysis through graphs and charts. (To verify the NGO’S In our Website)
• Gas Fee Optimization: Reduced transaction costs with Hive.

Challenges we ran into

Joint Accounts Security: Ensuring secure access with a shared private key while keeping individual passwords added technical complexity in encryption and access control.

Transparent Transactions: Achieving real-time transparency without compromising user data privacy required careful blockchain management.

IPFS & OCR Integration: Storing bills on IPFS with OCR verification faced latency and accuracy issues.

ML for Signature Verification: Training an accurate ML model for varied signature styles was challenging and needed extensive data for reliability.

Universal QR Code Payments: Implementing a QR payment system compatible with multiple cryptocurrencies added interoperability and security hurdles.