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Open Banking System

Solution aims at running the banking system & regulations on blockchain to achieve stop fake currencies, Money laundering, robberies.., etc.

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Last updated: 12 August 2018 11:08 AM

Created project

The problem Open Banking System solves

Following are some of the key problem it solves which in turn solves a number of economy issues, financial crimes, etc.

  • No fake currencies can be introduced into the system
  • Money laundering is not possible
  • Secure, flexible & digitised way to introduce/distribute/withdraw currencies
  • Save the enormous costs & efforts of regulatory banking agency in ensuring cash cannot be duplicated

Challenges we ran into

Completing this big idea into 24 hrs hackthon.

Technologies used

Discussion