Problems ? 1) Payers are unaware of how their money is utilized 2) Fraudulent authorities indulge in corruption These problems restrict payers from paying proper tax or donate in a campaign as they are not sure about the legitimacy of authorities in the chain
Solution ✔️ : Blockchain-Based Fund Manager Track: Payer can track how his individual contribution is being used. Audit: Anyone can audit how the total funds are being utilized Corruptionless: The exchange of funds between authorities is publicly available and is immutable.
(Transparent/ Immutable/ Decentralized/ Secure/ Traceable/ Scalable (Due to Matic))
Future Aspects ?
Payment via UPI | Onboarding more people Currently, users pay in Matic Tokens,UPI can be integrated as a mode of payment. But it was not possible to get a GSTIN number to connect with payment APIs like (Razor or Google pay) in such a short time.
Uploading Result Proof | Adding more Legitimacy Currently, the last stakeholder of authority chains just enters the result as text without giving any proof for it. We plan to add a feature where they can upload result receipt or photo through MoBit.
Why we chose Matic ? 1) Matic is a Plasma solution built on Ethereum with PoS as consensus, therefore it has higher transaction throughput compared to public blockchains without compromising security. 2) Matic supports real-time updates through eth-dagger which results in better UX. 3) Matic has Decentralized storage integrated through Mobit, which we are planning to integrate in our next version.