The problem Split IT solves
- People can make groups and add people to groups
- Every person in the room can add an amount and tag members involved in the transaction only in the room and
- Every person will have to deposit the required amount so that it can be deducted automatically from their account
- This will ensure that the person has enough amount to spend on the trip/transaction
- Once the limit is reached, people would not be able to tag this person for a transaction
- Smart Contract - Automatic deduction of the amount finally
- Escrow account - MultiSig for verification of adding the amount
- Push Notifications for each addition or settlement of transactions
Challenges we ran into
Integrating push chat took some time