The problem GoldLedge solves

Our proposed system for gold exchange in India is a digital solution, linking Aadhar IDs with Hallmark Unique Identification Numbers (HUID). By prioritizing security through blockchain technology, we ensure protection for all transactions and data. This approach emphasizes transparency, providing clear visibility into ownership verification which fosters trust and reliability within the gold exchange ecosystem. Key features include the Aadhar-HUID linkage for traceability and blockchain security for immutable ownership records. The system also aims to reduce gold smuggling by creating a transparent digital trail for ownership. Additionally, it facilitates faster gold loan processing, efficient gold exchange, and quick victim redressal in theft cases. By integrating Web3 technologies and maintaining comprehensive transaction histories, our system sets a new standard for transparency and security in the industry.

Challenges we ran into

integrating frontend with smart contract, learning ether.js