The problem PockETH TOGETHER solves

In today's fast-paced world, especially in urban settings and colleges, group activities - like dining out, trips, or celebrating occasions - often involve financial collaboration. However, managing these shared expenses can be a hassle. The traditional methods are fraught with challenges: cumbersome cash pooling, unclear expense tracking and the awkwardness of payment follow-ups.

Our Solution: PockETH

PockETH steps in as a one-stop solution for these pain points:

1. Simplified Money Pooling
   Whether it's a weekend getaway or splitting the bill for a team lunch, users can create a pool where everyone can contribute their share seamlessly.
   The process is digitized and simplified, eliminating the need for physical cash handling and the risk of mismanagement.

2. Transparent Expense Tracking
   Keeping a clear record of who paid what and how much is spent or owed.
   The platform offers real-time notifications and monthly statements, ensuring transparency and trust among users.

3. Flexibility in Transactions
   Users have the choice to spend using crypto or fiat currency, catering to diverse preferences and needs.
   This flexibility, combined with secure transaction protocols, makes financial dealings more inclusive and safe.

4. Collaborative Financial Management
   For events or projects, users can collaborate, setting permissions and roles for financial management.
   It enables a democratic and organized way to handle group finances, reducing the burden on one individual and enhancing security through collective oversight.

The Impact

PockETH transforms group financial interactions from a tedious, often insecure task into a smooth, transparent, and secure process. It caters to the modern lifestyle where experiences are shared, and finances need to catch up. The app not only makes existing tasks easier but also opens up new possibilities for group activities without the worry of financial logistics.

Challenges we ran into

Throughout the development cycle of the product, we ran into several technical and non-technical problems. Some of the major technical bugs and hurdles we faced were:

1. We wanted to implement social login for our dApp to ease out the onboarding process for web2 users. We had to explore multiple code bases and SDKs and finally we solved the process using Web3 Auth.
   2.We tried to implement account abstraction using Safe SDK, but then we faced several issues/internal bugs. Finally we had to shift to the Alchemy SDK to implement the abstraction feature.