The problem KrakenSecurities solves

The common practice of providing a physical warranty card often results in the loss of the card due to reasons such as theft or misplacement. Therefore, there is a need for a more efficient method of issuing and keeping track of warranty cards to ensure that consumers receive adequate protection and service for their purchases.

Value Propositions:

• Secure and scalable platform for the issuance and trading of on-chain securities
• Real-time updates on the status of securities
• Automated compliance with regulatory requirements
• Transparency and accountability provided by blockchain technology

Customer Segments:

• Institutional investors
• Regulators and legal bodies overseeing securities trading
• Startup companies seeking to issue securities
• Accredited investors

Customer Relationships:

• Personalized customer support for institutional and accredited investors
• Ongoing customer education about the benefits and risks of on-chain securities
• Online support for retail investors
• Regular updates on the platform's functionality and security measures

Cost Structure:

• Development and maintenance of the platform
• Marketing and customer acquisition costs
• Legal and regulatory compliance costs
• Employee salaries and benefits
• Security audits and compliance services

NFT Warranties:

The overall NFT market has seen tremendous growth in recent years, with NFT sales reaching a record high of $2.5 billion in the first half of 2021, according to a report by DappRadar. NFT warranties are a relatively new concept in the world of NFTs (non-fungible tokens) and are designed to provide buyers with an added layer of protection when purchasing N

Challenges we ran into

Currently, the buyer needs to manually input their information on the platform, which is a drawback. However, this issue can be resolved by creating a marketplace where customers can browse and purchase products posted by sellers. Although loyalty programs were not included due to time constraints, they can be added when this plugin is developed into a complete application. As NFT minting requires a significant amount of time, the waiting period for contract execution can cause delays, making the program slow, as is the case with other DApps.