_Everyday thousands of deals are signed between parties,the best example can be instagram.
Influencers make deals with Companies for shoutouts ,which are usually for products.
Given this nature there is no system for safety for the influencer or the companie.
Our Idea is to use Blockchain to develop a solution for this problem.
Workflow: After the user had logged in it
The party will then create a new contract and then add the address of the next party
Once that is done the contract will be registered in the chain
Once the deal or the job is complete , both parties will verify that the contract is complete
The funds will be transferred
If the contract is not verified then ,a dispute is charged and then actions can be taken internally to resolve it.
Project Limitations
Limitation: Each party has to verify that the deal is complete
To Handle Dispute internally,we will require humans to do it Or else AI systems will need to be developed.
Future Aspects: AI systems to handle disputes
Hackathon Name*
_SPIT HACKATHON
Project Title*
_Smart Contract Using BlockChain
Project Description*
_Everyday thousands of deals are signed between parties,the best example can be instagram. Influencers make deals with Companies for shoutouts ,which are usually for products. Given this nature there is no system for safety for the influencer or the companie. Our Idea is to use Blockchain to develop a solution for this problem.
Workflow: After the user had logged in it The party will then create a new contract and then add the address of the next party Once that is done the contract will be registered in the chain Once the deal or the job is complete , both parties will verify that the contract is complete The funds will be transferred If the contract is not verified then ,a dispute is charged and then actions can be taken internally to resolve it.
Project Limitations
Limitation: Each party has to verify that the deal is complete To Handle Dispute internally,we will require humans to do it Or else AI systems will need to be developed. Future Aspects: AI systems to handle disputes
Project Repository*
_https://github.com/ArnavParekhji/Contract_BlockChain
Tech Stack*
_-React Native -Node js -XDC01-docker-Nnodes
Team Members and Contact info*
_Nishay Madhani nshmadhani@gmail.com https://github.com/nshmadhani
Arnav Parekhji arnav17121999@gmail.com, https://GitHub.com/ArnavParekhji
Viram Shah viram1999@gmail.com https://www.github.com/viram-ms
Nishant Nimbare nishantnimbare@gmail.com https://github.com/nishant-nimbare