The problem IncomeTax using Blockchain solves

Focus and objective of the project is to route the system to a secure serverless network to prevent another Decentralised autonomous organization from penetrating the Ethereum system and convince the Indian government to get on board.Using Ethereum , we are creating an automated platform for income tax systems, ensuring financial transparency and efficiency, since governments of all levels and organizations including nonprofits do not file their own taxes.

With smart contracts, all taxes are transparent, since each user has a unique hash that contains their taxation level, and this hash to available to the government and relevant organizations. The goal of this project is to create a proof of concept for a tax decentralized system.We made using Matic Network is a scaling solution for public blockchains. Based on an adapted implementation of Plasma framework with an account based implementation , Matic supports all the existing Ethereum tooling along with faster and cheaper transactions.

Challenges we ran into

1)We learned Blockchain technology from scratch and implemented it in a functional back-end system .
2) Bitcoin is not programmable. Instead, we used Ethereum so that we can alter the rules of contracts and of the trading platform.
3)worked hard so as to integrate with Matic network as the concept is totally to all of our team members