Smart Contracts
The SmartContract App enables users to create contracts and lock up Ripple Currency in an escrow account. When the provisions are met, the system automatically releases the Ripple funds.
Ripple CBDC Innovate and NYU Business School Capstone
The objective was to democratize contracts, offering individuals or small businesses that do not have access to typical legal services and financial payment systems a way to leverage control over their finances. One prototype that explores Smart Contracts using Ethereum cryptocurrency in the real estate space, and another explores a templated Smart Contracts app using Ripple cryptocurrency.
Initially, the real estate smart contract app was proposed in NYU’s Business School, but after several interviews with a Real Estate Agent in New York — decentralizing the process was not going to work. There were many modifications and emails sent after the signing of a contract, that it was not feasible nor straight forward with just a set of provisions.
We had another opportunity to research blockchain, Web3, DeFi with the Devpost CBDC Ripple hackathon, and generalized the app. Instead of a real estate app, we stepped back and made it a generic contract app that would connect to a ChatGPT pipeline for templates.
- Click-through Prototype for 3 use-cases (i.e. Just click through each link and page): https://tinyurl.com/smartchains
- Devpost: https://devpost.com/software/smartcontract-democratizing-contracts
- Video Demo on Youtube: https://youtu.be/0rappYOzOIw
- Video Demo on Vimeo: https://vimeo.com/855725763
- Github: https://github.com/newyorkannie/smartcontract
Image Gallery
Schematic of how the contract, provisions and escrow will work in Ripple.
Persona used Ripple Smart Contract App.
Smart Contract Real Estate App submitted to NYU's Business School as a project, August 2023.