Cross-Chain Payments on Blockchain Networks: An Apartment Booking Use-Case

Abstract

This article presents a solution that allows utilizing cross-chain payments for any use case. We chose to evaluate it on an apartment booking. Despite this, the solution allows users to rent anything they wish (ranging from power tools to cars or lands) in a decentralized manner through a system designed with the usage of smart contracts, non-fungible tokens (NFTs), or applications enhancing this decentralized technology, also known as dApps. Our solution utilizes a Multichain NFT bridge by XP Network that enhances NFT transfers from one chain to another and uses an Axelar GMP protocol to connect Polkadot Parachain called Moonbeam with Ethereum. This allows users to transfer assets from one chain to another. During the design evaluation, we explained the simplicity of design that the solution brings to users planning to utilize their token on the PolkaDot ecosystem or Ethereum in general.