DSplit
Unite, Share, and Settle Expenses Seamlessly with DSplit! A global, trustworthy, and decentralized platform for transparent expense splitting and payment recording, free from reliance on centralized i
Created on 4th June 2023
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DSplit
Unite, Share, and Settle Expenses Seamlessly with DSplit! A global, trustworthy, and decentralized platform for transparent expense splitting and payment recording, free from reliance on centralized i
The problem DSplit solves
DSplit is used to add and share an expense.
- In traditional Splitwise, tracking shared expenses becomes challenging when individuals contribute unequally. A decentralized Splitwise can address this issue by transparently recording contributions on a blockchain, ensuring accurate and fair expense distribution.
- Trust and accountability are key concerns in centralized expense-sharing platforms like Splitwise. By decentralizing the system using blockchain technology, a decentralized Splitwise can provide a tamper-proof and transparent ledger, enhancing trust and accountability among participants.
- Existing expense-sharing platforms rely on a centralized infrastructure, making them susceptible to downtime, security breaches, or data loss. A decentralized Splitwise eliminates the need for a central authority, ensuring continuity and data integrity even if the platform itself faces issues.
- When individuals from different countries share expenses, currency conversion and settlement complexities arise. A decentralized Splitwise can leverage blockchain's global nature to enable seamless cross-border transactions, facilitating easy and transparent expense settlement among diverse participants.
Tracks Applied (5)
Financial Application
Web3.0 dApp
Most innovative dApps on Gnosis Chain
GnosisChain
Develop Near dApps specialized for Mass Adoption
NEAR Protocol
Criteria
Filecoin
Technologies used
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Discussion
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