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Development of a Real-Time Event Payments and Networking Platform with Multi-Currency Support
  1. case
  2. Development of a Real-Time Event Payments and Networking Platform with Multi-Currency Support

Development of a Real-Time Event Payments and Networking Platform with Multi-Currency Support

geckodynamics.com
Business services

Identifying the Challenges in Streamlining Event Transactions and Attendee Engagement

The client faces difficulties in providing real-time transaction control and oversight during business events. Their current solution lacks efficiency, and previous providers have failed to deliver a comprehensive platform on time. They need a system capable of managing multiple types of transactions, including currency exchange, product purchases, and payments, while supporting attendee networking and event agendas, all under tight deadlines and with evolving requirements.

About the Client

A mid-sized startup or enterprise organizing business or industry-specific events requiring efficient transaction management, attendee networking, and multi-currency handling.

Goals for Developing a Next-Generation Event Management and Payment System

  • Design and develop a scalable, multi-platform application (iOS, Android, Web) for managing event transactions and attendee interactions.
  • Implement real-time transaction processing with support for custom event-specific currencies and currency exchange features.
  • Provide comprehensive attendee networking features, including agendas, profile management, and messaging capabilities.
  • Enable event organizers to generate detailed reports and transaction overviews for post-event analysis.
  • Ensure the platform can be developed and launched within a 4-month timeframe to support scheduled event timelines.
  • Achieve a user-friendly UI/UX, facilitating adoption and smooth operation during live events.
  • Establish secure payment processing and data management compliant with industry standards.

Core Functionalities and Features for the Event Management Platform

  • Product catalog management for event offerings and goods
  • Processing of payments in an internal event-specific currency and capabilities to exchange this currency to USD or other fiat currencies
  • Real-time exchange platform for event currency (e.g., Hex) to standard currencies like US Dollars
  • Interactive event map and agenda to enhance attendee navigation and engagement
  • Networking features enabling attendee profiles, messaging, and contact exchange
  • Purchasing capabilities for event currency and goods, integrated with payment gateways
  • Comprehensive user management and role-based access control
  • Transaction recording and reporting dashboard for event organizers

Technology Stack and Architectural Design Preferences

Mobile development using React Native or native SDKs for iOS and Android
Web application built with React.js
Backend development utilizing Node.js
Cloud infrastructure supporting CI/CD and scalable deployment

Essential External System Integrations

  • Payment gateways for handling card transactions and digital payments
  • Currency exchange APIs for real-time exchange rates
  • Notification services for event updates and attendee communication
  • Analytics and reporting tools for data analysis

Performance, Security, and Reliability Expectations

  • System scalability to accommodate up to thousands of concurrent users during live events
  • High availability with 99.9% uptime during event periods
  • Data security compliant with industry standards (e.g., PCI DSS for payments, GDPR for data privacy)
  • Real-time transaction processing with minimal latency
  • Responsive design ensuring optimal user experience across devices

Projected Business Outcomes and Value Delivery

This platform aims to significantly enhance event transaction efficiency, providing real-time oversight and management capabilities. By supporting multi-currency transactions and attendee networking, it will improve user engagement and operational control. Successful development and deployment within 4 months will enable the client to execute their scheduled events smoothly, increase transaction volume and revenue, and establish a robust digital foundation for future event scaling and feature expansion.

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