DBank (A decentralized banking website)

Abstract

In the landscape of traditional banking and supply chain financing, numerous challenges persist, such as high costs, delays, and centralized, opaque financial systems.Our project, 'DBank,' leverages blockchain technology and decentralization to address these issues.The primary aim is to create a blockchain-based platform that integrates supply chain data with financial transactions, thereby reducing costs, improving cash flow, and enabling secure and efficient financing.Additionally, we aim to develop a user-friendly Decentralized Banking Application using Dfinity's Internet Computer and Motoko, which will allow account creation, deposits, withdrawals, and peer-to-peer transactions, fostering financial accessibility.The DBank web application is a transformative solution for supply chain financing challenges in India.It aims to seamlessly integrate supply chain data with financial transactions, addressing inefficiencies and high costs, and providing improved access to credit.Our research methodology included a comprehensive analysis of existing systems to inform the development of DBank.The expected outcomes include enhanced efficiency, transparency, and security in financing processes, reduced costs, and improved liquidity management, marking a significant milestone in India's financial technology landscape.