BLOCKCHAIN & AI BASED UPI WALLET PAYMENT GATEWAY
Blockchain Community India has developed its own unique UPI wallet payment gateway. This is unique in the sense that it allows its user to make offline payments as well. Apart from this, as it is supported by technologies like Blockchain and Artificial Intelligence. Hence it has got all the good features of AI and Blockchain like security, predictability, and many more.
Blockchain Community India UPI Wallet â€“ An introduction
This wallet is one of the safest and most secure digital currency wallets that is being developed by Blockchain Community India. It helps in online and offline transactions in the form of digital transactions.
About Blockchain Community India
Blockchain Community India is a conglomerate of technocrats and business domain experts who have come together to explore the entrepreneurial setup related to modern age technologies â€“ Artificial Intelligence and Blockchain. These two technologies will play a major role in the digital transformation of the world around human beings. On one hand, while Blockchain brings a secure and transparent manner to transact and communicate with the digital world, Artificial Intelligence will help human beings with processing huge amounts of data being extracted by the connected world and bring out information from this raw data.
Features of Blockchain Community India UPI Wallet
Each transaction on this platform is recorded in the form of a public ledger or the form of a blockchain, hence you donâ€™t have to worry about the authentication of the transaction and the person with whom you are dealing. Apart from this, all KYC details of that person are also synced into the Bitkart database before they can transact on this platform like a live banking system works. Hence, no frauds are possible on this centralized system.
All the blockchain transactions in this public ledger are maintained and authenticated in the form of a blockchain. Hence, no one could preferably back this system. The information shared on this system is so managed that a normal person can track it and it automatically populates the most popular peer-to-peer exchange using clone scripts.
This UPI wallet helps you transact anywhere in India in both online and offline mode. Like in terms of lockdown you wouldnâ€™t feel safe to go out and take our money, you would still be able to transact with this UPI Wallet. In many instances, our phone, internet doesnâ€™t work due to the shop being in a basement or some remote areas. Then also, you could transact through this wallet in its offline mode. This is one of the best features of this wallet.
This UPI Wallet ensures complete privacy of its uses as it does not rely on any third-party operator as other flat money transactors do. The software of this app helps you get in contact with the buyer or seller and the transaction takes place directly between two peers. Also, no one could intentionally or unintentionally steak your fiat currency while you are transacting over this app.
This UPI Wallet uses advanced blockchain technology to help authenticate the peers on its platform before you start the transaction. It thus helps avoid any kind of double spending on the platform. A peer in the absence of technology like blockchain could sell the digital money to two or more peers at the same time. However, blockchain introduces the ledger-like functionality into the platform which authenticates the peer and books the transaction with double entry or debiting the account of the sender and crediting the account of the receiver like normal banks do.
Blockchain community India has developed a unique way to help people, grow with its community. Anybody can be part of this growing company is through their wallet. You simply must deposit the amount into their wallet and earn interest on this deposited amount. While the amount is still available for you to spend through their wallet at any retail store. So, you can also become their partner without investing a single rupee into their venture, simply by downloading and using their wallet.