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PoET Based Permissioned Chain for Banks
A Permissioned Blockchain To Rule’Em all
Created on 6th October 2019
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PoET Based Permissioned Chain for Banks
A Permissioned Blockchain To Rule’Em all
The problem PoET Based Permissioned Chain for Banks solves
Solves the current problem banks depending upon third party for payment solutions , our Project aims at security and ease of payment for customers. we implement various methods for payment. We as a humans are Forgetful so this is a perfect go for every individual and also the bank .
- No Need to Depend on Third Party to Execute Payments
- Settlements are Easy and More Reliable
- Fast and Secure Transactions
- Distributed Ledger and no trust is needed
Why for Customer
-Humans are forgetful
- Humans want it Easy
- We are not aware about security
- We are Lazy
- We Like Less Charges
Challenges we ran into
Permissioned Blockchains are Complex , debugging is a tedious process especially when you have a time llimit
Technologies used
Discussion
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