Cybervein Blockchain Hackathon

With humanity moving deeper into the Information Age, modern societies produce increasingly large amounts of data that hold vast economic potential. Alas, lacking technological methods and economic incentives, this data remains siloed in isolated databases where it is prone to malevolent manipulation and its economic and cultural potential remains unutilized. The traditional way of data management has a lot of disadvantages. You are expected to use blockchain technology to build an application that is immutable to make it more secure and interconnected.

People have no way of proving their identity. In India, a person's details are distributed across multiple databases. This makes it very difficult to manage versions of the data. There is a need for a mechanism that provides a verifiable, digital identity for these individuals, which can be created using Blockchain technology. A system that allows multiple stakeholders to access all the data in one place can be built using Blockchain. Can you build an application that will help to solve the problem and allow a person to manage identities effectively?

Digital Wallets are secure systems that store payment information and passwords of users for a range of payment methods and websites. These wallets are designed to hold and use your cryptocurrency. With the use of Near Field Communication (NFC) technology, Digital wallets can be used to complete purchases more easily and quickly. Users can also create secure passwords without worrying about having to remember them later. Some mobile payments have incorporated the use of Digital Wallets that allows users to pay for purchases directly from their smartphones. Keeping these things in mind, create a blockchain application for smart wallets.

Blockchain in education is initially focused on providing a more secure and immutable record of attendance or performance to replace current methods of issuing certificates. The blockchain initiative supports lifelong learning and provides verified recognition for learning that is accomplished outside of formal institutions. For example:

-This initiative can improve the literacy rate of girl children by automatically generating cash payments to their families when their daughter achieves a 90% attendance rate.

-Instantaneous transfer of currencies across borders to charitable organisations and emergency support will allow faster, more targeted response rates. Lower cost in transferring funds internationally could mean an overall increase in the funds sent to charities.

By using the provided examples, you are required to create a blockchain application that would improve the social sphere of society.