Fintact
We keep the financial chain intact by making it transparent and optimized.
The problem Fintact solves

Cash flow is one of the most important part of supply chain and it has the power to make or break a business, especially smaller and medium enterprises that do not have a lot of cash.

Our product is a blockchain based solution that helps bring investors, core enterprises and SME's together and resolves the cash flow crisis by allowing investors to fund the working capital of SME's during the production stage. Since the core enterprises only have to pay on the completion of their order, it helps them maintain their cash flow/liquidity.

Investors are able to generate a lucrative revenues by providing short term, low risk loans to the SME's - Core enterprise supply chain.

Thus, our product creates a win-win situation for all the parties involved by catering to each of their individual needs and in turn being beneficial to all of them at the same time.

Challenges we ran into

1.Developing a two way authentication of Core enterprises and SME's. They are only able to seek investmentsonce both the parties approve the invoice.

  1. Writing a custom smart contract with escrow and deploying it on the network.

3.Development of marketplace for the investor to analyse the opportunities and invest accordingly.

  1. Development of suggestive aglorithm to diversify the investment.

  2. Integration of smart contract with the backend.

  3. Use of OrO in your application.

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