Welfare

The Problem We Want to Tackle

During difficult times, financial operations typically have low transparency, limited traceability, delays, required intermediaries, extra costs and are vulnerable to any misuse. By leveraging FTs/NFTs in the Maxonrow blockchain, how do we improve the relationship between businesses and governments during a pandemic? How do we help the government subsidy process and speed up SME business recovery?

Summary of Problem Statement

• How do we improve the process flow between businesses and the government during a pandemic? Financial operations, especially during difficult times, are prone to having low transparency, limited traceability, delays, required intermediaries, and extra costs. By leveraging blockchain Maxonrow FT/NFT, how can we eliminate intermediaries to lower transaction costs, take back control from financial intermediaries while providing transparency to beneficiaries of welfare programs?

Example Solution

• A secured & transparent platform for the government to provide subsidy/relief to business
• A platform for government that automate data verification and reporting, facilitate regulatory oversight, reduce operational friction, and eliminate errors associated with manual auditing.

Start Up The Project

Step 1 - Start up blockchain localnet

• Start localnet here

Step 2 - Clone project

• Clone project $ git clone https://github.com/maxonrow/challenge-welfare.git

Step 3 - Navigate to path

• Go to path cd challenge-welfare/welfare

Step 4 - Build & run service

• run npm i & subsequently with sudo npm run serve & your service should be up at http://localhost:3001/

Step 5 - Expected output

Step 6 - Checkout article

• checkout our cookbook.
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