Web3 Full Stack Project
Mortage Management Project
Project Challenges
- User Experience Complexity: Designing an intuitive and straightforward user journey for users who may not be familiar with mortgage processes and blockchain technology
- Data Security: Safeguarding sensitive user information and financial data throughout the mortgage application and repayment processes
- Integration with Traditional Systems: Creating seamless integrations with existing banking systems and processes for verifying identities and processing mortgage applications
- Smart Contract Reliability: Ensuring the reliability of smart contracts in managing property title tokens and facilitating automatic transactions
Solution
Design the architecture to accommodate API integrations with banking and financial institutions, facilitating secure data exchange. Collaborate with banks to develop a streamlined process for identity verification and mortgage approvals. Implementing a multi-signature approach can enhance trust in the transactions.
Employ best practices for data protection, including end-to-end encryption and secure access controls. Regularly conduct security audits and vulnerability assessments to identify and address potential risks.
Implement a fallback mechanism for handling exceptions to ensure smooth operation in unexpected situations.
Techenology used:
NextJs
NestJs
Prisma ORM
Postgres
Vercel