Credwise

[IMPACT]

Credwise is a DEFI protocol that us BNPL platform built on CARDANO blockchain.

Here we bring Credwise– futuristic platform that intent to share the benefits with all participants. We aim for the market for everyday transactions and micropayments powered with Crypto and BNPL.

Platform integrates third party apps, merchants, online ecommerce stores and famous staking mechanism. Introducing Credwise token that is reward format on defined events – purchase, installment paid.

Credwise is bringing two sets of features

1. Integrated wallets of CARDANO, ETHERUM and AURORA and corresponding defi functions like show transactions, wallet transfer, staking to earn a yield and more.

2. Introducing Credwise tokens to integrate BNPL model for cryptocurrency

App displays transactions for each token be it CARDANO, Ethereum and Aurora. App as well has features to filter and search on transactions. Transfer allows to move tokens among integrated wallets and with Credwise as well. Credwise Wallet tab highlights dashboard that indicates available Credwise tokens as balance, Limit and spent**. This dashboard drives limits for an individual on limits to BNPL credit for an ecommerce transaction be it online or offline store.

This way, user has options either to make payment through available tokens in CARDANO, Ethereum, AURORA wallets or through Credwise tokens that is BNPL path. Here in case of BNPL option- repayment can be done through defined EMI. This can be done through available wallet currency or their debit or credit cards.

Post installment, users get rewards in form of Credwise tokens

This is achieved through proven tech stack that gives us needed agility, scale and ease of integration in ecosystem. Outsystems as a low code platform to bring experience to users through multiple channels – web, mobile android and ios both.

Node.js to get the APIs generated on top of CARDANO blockchain, for the consumption be ecommerce platform or Credwise app on various demoed features.

Developed APIs, balance and transfer include underlying CARDANO API based on CARDANO account ID.

Initially it took bit of challenges to bring multiple wallet coins to Credwise as single platform. For Hackathon we could achieve CARDANO, Ethereum and Aurora chains in solution through Credwise.

[FEASIBILITY]

Credwise is extendable to add more wallets and interoperable to connected with e-commerce platforms like Amazon, Shopify and more.

Conceptualization to realization of Credwise as additional token to support BNPL ways of lending to reach the untapped shoppers.

Aligned to Web 3.0 with transparency, openness and scale at core of solution.

Tentatively expecting 4-6 months of timelines on finishing development and rollout for first milestone.

node.js, javascript , blockchain understanding, user experience development, financial system domain knowledge some extent, outsystems low code as optional

[AUDITABILITY]

Following agile methodology - with 4 weeks of scrum development. Follow sprint lifecycle - develop, demo, retrospective, prioritization, feedback and so on

DoD includes integrating cryptocurrency support in ecommerce site to begin with couple of online and couple of offline players as first milestone

Entirely new one