The problem SOLIBANK solves

In today's modern day era the concentration of power in a single entity is mocked and being rejected faster than ever. We have taken this a step further to the Banking chain. Since, the access to all of the accounts actually lies in the hands of a central entity in the current banking system, we have decided to change that to avoid the misuse of power and manipulation of money, because let's be honest who wants their hard earned money to be lost by corrupt practices.

We present to you Solibank, a modern day secure and decentralized banking system which is and built and deployed on the local blockchain network. This banking system maintains the transparency of all the transactions as every transaction and account creation is logged on to the blockchain network and the blockchain network being immutable cannot be fiddled with.
This also ensures that each and every person is responsible for their own account on the virtual banking system and don't need to worry about any malpractices.

We have tried to impart most of the functionalities like Deposit, Withdraw, Transfer and Multiple Account Creation, currently we are also working on improving this application by the day and have implemented the Loan Functionality in testing phase. Continuous criticism and improvements like reducing the gas fees and including account hashes instead of serial numbers are being worked upon for future endeavous.

Challenges we ran into

We were really sceptical on how to connect the frontend with the solidity part since members of our team wer individually good at solidity and react and we didn't know how to integrate both of these parts, so we had to go through a lot of web3 library tutorials to finally achieve it.

Also, debugging in solidity is a little tiring, that was another hurdle.