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XinFinOrg / Open-Hackathon

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https://xinfinorg.github.io/Open-Hackathon/
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[SPIT] Simplifying stock trading using Blockchain #13

Closed Meet11 closed 5 years ago

Meet11 commented 5 years ago

SPIT Hackathon

Crypto Holdings

We aim at providing Blockchain based solution to the complexities that arise in the Share Market during exchange of stocks. Primarily, we target at reducing the time taken for a stock exchange between the end user and the company.

Problem Statement

In general, the time period taken for a complete transaction of shares takes up to 3 days which we plan on reducing to a couple of minutes using blockchain technology. Apart from this, we also plan on making a global platform where interested investors can invest in global markets without the hassles involved in registration processes.

Limitations

Although, high scalability of the XDC blockchain, there still lie the scaling limitations to our applications as of now due to high number of required transactions in a short period of time, which would require high rate of verification for transactions. For the current implementation of our idea/prototype we are assuming that the trading is done in a static market (Share prices do not change according to real time)

Tech Stack

Xinfin’s XDC Blockchain : https://github.com/XinFinOrg/XDC01-docker-Nnodes Python

Contact Details

Team id : meetgujrathi878 Meet Gujrathi : meetgujrathi@gmail.com Ritik Poshattiwar : ritik.poshattiwar@gmail.com Advait Thakur : thakuradvait58@gmail.com

punit-agarwal commented 5 years ago

Hello @Meet11 Thanks for submitting the issue. Please change the issue title with a sentence that explains your project. Thanks.

punit-agarwal commented 5 years ago

Thanks for changing the title @Meet11