Scryp

Add Gift Card QR Scanner
Digital Wallet for balances by brand
Send/Receive Securely
Payment QR Scanner
Scryp Exchange Market

Inspiration

Financial and economic crises follow a repeatable cycle. Dot-com bubble 2000s, COVID 2021, so what next? Business collapse, debts, unemployment, all of these issues and more are a direct result of a singular money system, designed for the Industrial Age that no longer works well in the Information Age.

Why now? Our idea, backed by academic research, could result in 30% additional economic growth. Forecasted consumer spending on gift cards, fueled by big brands in e-commerce and digital payments, is set to reach $200 billion by 2025. -Our competitors are classic Gift Cards wallets and Big Brands Apps with 2-4 options: store/use/redeem/share not backed by any currency. A recent M&A example is $110M acquisition of Stocard (UK) by Klarna (SW). Apple does not support Gift Cards. We aim to take the Gift Cards industry to the next level.

What it does

Based on cutting edge economics research by leading academics like Prof. Bernard Lietaer, we propose a complementary currency system, issued by businesses and backed by their products and services, functioning in support of the national currency system. Use blockchain technology to build an infrastructure for Gift Cards. Our solution uniqueness is in the economic impact and scalability: Gift cards, backed by business products and services, ensure continuous operations. Customers have more purchasing power. Government benefit from innovations to better support business and the economy.

Mobile Application built on blockchain infrastructure with main features: • Digital Wallet to track and combine balances by brand • Securely transfer and receive custom amount of gift card balance • Secure exchange market (trading your airline miles for Amazon gift card) • Seamless payment and checkout using your digital wallet • Public blockchain system, no proprietary database, little vendor lock-in for business • Businesses retain all their rights associated with gift card currency

How we built it

Ethereum Testnet, Smart Contract, UniSwap React for Mobile App

Challenges we ran into

We started from the scratch and found the team after idea refining.

Accomplishments that we're proud of

Just in 4 days our Traction: • We are a Full Stack Team from Development to Go-To-Market: Ux/Ui, MobApp and Blockchain development, Marketing. • During the hackathon, we formed a team, refined our idea, developed, and launched a mobile app, integrated with ETH testnet, created a Uniswap DeFi smart contract, conducted customer and promo interviews (including Delta), and worked on branding and pitch deck.

What we learned

We learned about Wynwood, Miami Tech Community, did great networking.

What's next for Scryp Ledger

We are preparing the Demo. Our Go-to Market strategy to start with B2B, Delta airlines and E-comm. We performed customers interviews and raised interest in our Pitch. Next step - to launch a Pilot, and showcase to the government representative.