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
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
Challenges we ran into
Completing this big idea into 24 hrs hackthon.
Technologies we used
Updates
- Created ProjectAugust 12, 2018 11:08 AM3 years ago
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