Following are some of the key problem it solves which in turn solves a number of economy issues, financial crimes, etc.
- No fake currencies can be introduced into the system
- Money laundering is not possible
- Secure, flexible & digitised way to introduce/distribute/withdraw currencies
- Save the enormous costs & efforts of regulatory banking agency in ensuring cash cannot be duplicated

describe what can people use it for, or how it makes existing tasks easier/safer e.t.c

The problem it solves

Completing this big idea into 24 hrs hackthon.

Open Banking System

Solution aims at running the banking system & regulations on blockchain to achieve stop fake currencies, Money laundering, robberies.., etc.

The problem Open Banking System solves

Challenges we ran into