ChainBank: Empowering Students to Build Strong Financial Habits

  • Tarang Rajpal
  • Hrishikesh Patil
  • Varad Deshmukh
  • Dhananjay Pai
  • Sharmila Sengupta
Keywords: Blockchain; Decentralized Finance; Web3; Smart Contracts; Non-Fungible Tokens (NFT), Decentralized Autonomous Organization (DAO); ERC 20 and 1155 standard; Faucet.

Abstract

ChainBank is an innovative decentralized autonomous organizational system specifically designed to support students in improving their financial habits. Students have the opportunity to invest their money in a distributed pool and receive tokens in return, while also gaining the ability to actively engage in decision-making through voting on proposals. ChainBank offers its members a powerful voting feature, enabling them to collectively make important decisions regarding the platform’s operations. ChainBank’s primary objective is to target regular students who often struggle with irregular financial habits. Engaging with ChainBank helps students to develop essential skills and knowledge that will positively impact their financial well-being both now and in the future.

References

[1] Buterin, Vitalik. "A next-generation smart contract and decentralized application platform." white paper 3, no. 37 (2014): 2-1.

[2] Schär, Fabian. "Decentralized finance: On blockchain-and smart contract-based financial markets." FRB of St. Louis Review (2021).

[3] Wang, Qin, Rujia Li, Qi Wang, and Shiping Chen. "Non-fungible token (NFT): Overview,
Published
2023-08-31
How to Cite
Rajpal, T., Patil, H., Deshmukh, V., Pai, D., & Sengupta, S. (2023). ChainBank: Empowering Students to Build Strong Financial Habits. Asian Journal For Convergence In Technology (AJCT) ISSN -2350-1146, 9(2), 24-28. https://doi.org/10.33130/AJCT.2023v09i02.005

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