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Blockchain-Based Global Basic Income Distribution Platform Development

wesoftyou.com

Financial services

Challenges in Global Basic Income Distribution

Existing systems for distributing basic income are often inefficient, opaque, and prone to corruption. Reaching underserved populations with financial resources is difficult. There's a need for a secure, transparent, and easily accessible platform to facilitate a global basic income system, overcoming barriers related to financial inclusion and wealth inequality.

About the Client

GoodDollar is a fintech project focused on leveraging blockchain technology to create a global, decentralized, and transparent system for distributing basic income and reducing wealth inequality. It is an initiative associated with eToro.

Project Goals

Develop a secure and scalable blockchain-based framework for generating, financing, and distributing a global basic income.
Create a sustainable economic model for the long-term distribution of basic income.
Promote financial inclusion by providing access to a liquid and convertible digital asset.
Enable participation in the global economy for underserved populations.

Core System Functionalities

Integration with cryptocurrency wallets for secure fund management.
Real-time user dashboard to track account balances and transactions.
Smart contracts for automated and transparent distribution of basic income.
Liquidity provision for digital assets through decentralized exchanges.
Referral program to incentivize user adoption.

Technology Stack

JavaScript

React.js

Node.js

Express.js

Blockchain Technology (specific platform to be determined)

External Integrations

Cryptocurrency Wallets (e.g., MetaMask, Trust Wallet)
Marketing Analytics Tools (e.g., Google Analytics, Mixpanel)
Decentralized Exchange (DEX) for liquidity

Non-Functional Requirements

Scalability to support a large user base.
High security to protect user funds and data.
Reliability and uptime.
Transparency and auditability of transactions.

Expected Business Impact

Successful implementation of this project will enable GoodDollar to achieve its mission of reducing wealth inequality and promoting financial inclusion on a global scale. It will provide a sustainable framework for distributing basic income, empowering individuals and fostering economic growth in underserved communities. The project will establish GoodDollar as a leading player in the decentralized finance (DeFi) space and enhance the reputation of eToro as an innovator.