The problem InnoWallet solves

The main problem InnoWallet solves is the fragmentation and complexity of managing multiple rewards programs across different retailers and services. By consolidating these programs into one seamless platform, users can effortlessly shop, earn crypto rewards, and redeem loyalty points, making the process of accumulating and using rewards straightforward and efficient. This reduces the frustration of tracking various rewards and ensures users maximize their benefits from every purchase.
Many loyalty programs restrict how and where rewards can be used, limiting their usefulness. InnoWallet offers greater flexibility by allowing users to earn and redeem crypto rewards across a wide range of retailers and services, providing more options and increasing the overall value of the rewards.
Traditional rewards programs often lack transparency, leaving users unsure about how their rewards are calculated and redeemed. InnoWallet provides a clear, user-friendly interface where users can easily track their earnings and understand the value of their rewards, enhancing trust and satisfaction. They may often be lacking real-time updates or personalized recommendations. We have used advanced recommender models to provide tailored suggestions for earning and using rewards based on user preferences.
Combining cryptocurrency rewards with traditional loyalty programs can be cumbersome and often requires multiple platforms or systems. InnoWallet bridges this gap. InnoWallet streamlines the referral process, making it easy for users to refer friends and family and earn additional rewards, thereby enhancing user engagement and expanding the platform's user base. It handles complex transaction processes behind the scenes, so users only need to interact with straightforward and familiar actions.

Challenges we ran into

One of the challenges we encountered during the development of InnoWallet was synchronizing real-time data between the blockchain and the frontend application. This problem primarily arose because blockchain transactions and smart contract interactions can take variable amounts of time to be confirmed, and keeping the frontend in sync with the current state of the blockchain was crucial. There was a noticeable lag between users performing actions (e.g., making transactions, earning rewards) and seeing those actions reflected in the frontend. This lag was due to the time it took for blockchain transactions to be mined and confirmed, which affected the responsiveness and accuracy of the user interface.
To solve this, we utilized smart contract events to notify the frontend of significant changes. By listening to these events, we could update the user interface in real-time as soon as the blockchain confirmed a transaction. We also implemented optimistic UI updates, where the frontend temporarily assumes that a transaction will succeed and reflects the changes immediately. Once the blockchain confirms the transaction, the frontend updates accordingly, or rolls back if necessary.
We also encountered a significant challenge when the Diamante server, which was initially planned for handling our crypto transactions and reward management, experienced downtime. This downtime impacted our ability to manage and process Diamante-based transactions and rewards effectively. As a temporary solution and proof of concept, we integrated Ethereum blockchain technology. This allowed us to continue developing and testing key functionalities while dealing with the Diamante server issues.