Chichin2024-06-25T12:40:30+05:30

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Chichin Blockchain in Banking

Success Story of Chichin Platform

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Chichin is a very useful banking and trading platform powered by Ethereum Blockchain. It provides a complete solution that includes a trading app, chichin tokens with an electronic and cold wallet to easily buy/sell coins, send/receive money instantly between app users. The cold wallet allows transferring the Ethereum coins between two users offline, using Bluetooth, WiFi, and NFC.

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Business Overview

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Client (Banco San Juan Internacional Inc), a corporation organized and existing under the laws of the Commonwealth of Puerto Rico, wanted to build a cloud ecosystem for currency interchange.

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End client wanted a complete platform that enabled different small & big traders and their customers to perform crypto transactions easily and to facilitate them with a web dashboard and mobile app and a cryptocurrency wallet.

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Clients also wanted to allow their users (buyer/sellers) to transfer Ethereum coins in offline mode, via Bluetooth, WiFi-Hotspot and NFC which will be reflected in their online wallet as soon as the online node commits the transaction on the Ethereum network.

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The Challenge

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No doubt, for any application where payment transactions are involved, the major challenge is to secure the application from internal and external threats.

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As there is a cold wallet, we need to ensure certain cases such as what we do when the phone is stolen, protect the user’s private key or mnemonic, transport channel security etc.

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Sending offline transaction to multiple sellers was a hard use case to implement.

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Our Approach

[/fusion_text][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]This was one of the most challenging projects we have done so far, but we have invested our best efforts to achieve this and provide the best possible solution to our client. We did very hard research and analysis to craft a solution to implement a complete currency trading platform with Chichin token, electronic, and cold wallets. [/fusion_text][/fusion_builder_column_inner][/fusion_builder_row_inner][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container admin_label=”” hundred_percent=”yes” equal_height_columns=”yes” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” border_size=”” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”” padding_right=”” padding_bottom=”20px” padding_left=”” admin_toggled=”yes”][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ spacing=”” center_content=”yes” hover_type=”none” link=”” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”max-width-inner-1140″ id=”” background_color=”” background_image=”” background_position=”left top” undefined=”” background_repeat=”no-repeat” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” padding_top=”0px” padding_right=”0px” padding_bottom=”0px” padding_left=”0px” margin_top=”” margin_bottom=”0px” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][fusion_builder_row_inner][fusion_builder_column_inner type=”1_1″ layout=”1_1″ spacing=”” center_content=”no” hover_type=”none” link=”” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”left top” undefined=”” background_repeat=”no-repeat” border_size=”0″ border_color=”” border_style=”solid” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no” border_position=”all”][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

Top-notch features of Chichin developed by SoluLab:

[/fusion_text][fusion_content_boxes layout=”icon-with-title” columns=”4″ title_size=”22px” heading_size=”2″ title_color=”” body_color=”#333333″ backgroundcolor=”” icon=”” iconflip=”” iconrotate=”” iconspin=”no” iconcolor=”” icon_circle=”” icon_circle_radius=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” icon_size=”” icon_hover_type=”none” hover_accent_color=”#333333″ image=”” image_id=”” image_max_width=”” link_type=”” button_span=”” link_area=”” link_target=”” icon_align=”left” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_delay=”” animation_offset=”” margin_top=”” margin_bottom=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”mar-bot-20″ id=””][fusion_content_box title=”Buy/Sell and Send/Receive tokens ” backgroundcolor=”” icon=”fa-check fas” iconflip=”” iconrotate=”” iconspin=”no” iconcolor=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” image=”https://staging.solulab.com/wp-content/uploads/2020/06/Buy-Sell-and-Send-Receive-tokens.svg” image_id=”26325|medium” image_max_width=”50″ link=”” linktext=”Read More” link_target=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

Ability to buy/sell and send/receive tokens between multiple sellers and buyers and committing them on Ethereum blockchain to maintain consensus

[/fusion_content_box][fusion_content_box title=”Chichin Token with whitepaper” backgroundcolor=”” icon=”fa-check fas” iconflip=”” iconrotate=”” iconspin=”no” iconcolor=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” image=”https://staging.solulab.com/wp-content/uploads/2020/06/Chichin-Token-with-whitepaper-.svg” image_id=”26326|medium” image_max_width=”50″ link=”” linktext=”Read More” link_target=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

Created and listed chichin token on cryptocurrency exchange. Also, develop white paper and marketing materials for promotion.

[/fusion_content_box][fusion_content_box title=”Advanced dashboard” backgroundcolor=”” icon=”fa-check fas” iconflip=”” iconrotate=”” iconspin=”no” iconcolor=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” image=”https://staging.solulab.com/wp-content/uploads/2020/06/Advanced-dashboard.svg” image_id=”26327|medium” image_max_width=”50″ link=”” linktext=”Read More” link_target=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

Dashboard to check balance, transaction summary, necessary statistics etc.

[/fusion_content_box][fusion_content_box title=”Send via Bluetooth, Wifi-Hotspot and NFC” backgroundcolor=”” icon=”fa-check fas” iconflip=”” iconrotate=”” iconspin=”no” iconcolor=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” image=”https://staging.solulab.com/wp-content/uploads/2020/06/Send-via-Bluetooth-Wifi-Hotspot-and-NFC.svg” image_id=”26328|medium” image_max_width=”50″ link=”” linktext=”Read More” link_target=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

Ethereum raw transactions can be easily transferred through BlueTooth, wifi hotspot and NFC

[/fusion_content_box][/fusion_content_boxes][fusion_content_boxes layout=”icon-with-title” columns=”4″ title_size=”22px” heading_size=”2″ title_color=”” body_color=”#333333″ backgroundcolor=”” icon=”” iconflip=”” iconrotate=”” iconspin=”no” iconcolor=”” icon_circle=”” icon_circle_radius=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” icon_size=”” icon_hover_type=”none” hover_accent_color=”#333333″ image=”” image_id=”” image_max_width=”” link_type=”” button_span=”” link_area=”” link_target=”” icon_align=”left” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_delay=”” animation_offset=”” margin_top=”” margin_bottom=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”mar-bot-20″ id=””][fusion_content_box title=”High-performance” backgroundcolor=”” icon=”fa-check fas” iconflip=”” iconrotate=”” iconspin=”no” iconcolor=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” image=”https://staging.solulab.com/wp-content/uploads/2020/06/High-Performance.svg” image_id=”26329|medium” image_max_width=”50″ link=”” linktext=”Read More” link_target=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

Performed best practices on Ethereum network by setting an optimal gas price for improved performance

[/fusion_content_box][fusion_content_box title=”PIN based authentication for offline feature” backgroundcolor=”” icon=”fa-check fas” iconflip=”” iconrotate=”” iconspin=”no” iconcolor=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” image=”https://staging.solulab.com/wp-content/uploads/2020/06/PIN-based-authentication-for-offline-feature.svg” image_id=”26330|medium” image_max_width=”50″ link=”” linktext=”Read More” link_target=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

Asking for a four-digit pin stored on the local device to access the transfer feature. This would protect the wallet even if the device was stolen

[/fusion_content_box][fusion_content_box title=”Nuget package library plugin” backgroundcolor=”” icon=”fa-check fas” iconflip=”” iconrotate=”” iconspin=”no” iconcolor=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” image=”https://staging.solulab.com/wp-content/uploads/2020/06/Nuget-package-library-plugin.svg” image_id=”26331|medium” image_max_width=”50″ link=”” linktext=”Read More” link_target=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

Nuget package library plugin.connectivity to identify if a device is using an app in offline or online mode

[/fusion_content_box][fusion_content_box title=”Check wallet balance and transaction summary” backgroundcolor=”” icon=”fa-check fas” iconflip=”” iconrotate=”” iconspin=”no” iconcolor=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” image=”https://staging.solulab.com/wp-content/uploads/2020/06/Check-wallet-balance-and-transaction-summary.svg” image_id=”26332|medium” image_max_width=”50″ link=”” linktext=”Read More” link_target=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

Buyers/Seller can check the updated balance and the transaction summary for successful and unsuccessful transactions

[/fusion_content_box][/fusion_content_boxes][/fusion_builder_column_inner][/fusion_builder_row_inner][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container admin_label=”” hundred_percent=”yes” equal_height_columns=”yes” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”#f9fafc” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” border_size=”” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”100px” padding_right=”” padding_bottom=”80px” padding_left=”” admin_toggled=”yes”][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ spacing=”” center_content=”no” hover_type=”none” link=”” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”max-width-inner-1140″ id=”” background_color=”” background_image=”” background_position=”left top” undefined=”” background_repeat=”no-repeat” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”” margin_bottom=”0″ animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][fusion_builder_row_inner][fusion_builder_column_inner type=”1_2″ layout=”1_2″ spacing=”” center_content=”yes” hover_type=”none” link=”” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”left top” undefined=”” background_repeat=”no-repeat” border_size=”0″ border_color=”” border_style=”solid” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no” border_position=”all”][fusion_images picture_size=”auto” hover_type=”none” autoplay=”yes” columns=”1″ column_spacing=”5″ scroll_items=”1″ show_nav=”yes” mouse_scroll=”yes” border=”no” lightbox=”no” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=””][fusion_image image=”https://staging.solulab.com/wp-content/uploads/2020/06/1-165×300.png” image_id=”26333|medium” link=”” linktarget=”_self” alt=”” /][fusion_image image=”https://staging.solulab.com/wp-content/uploads/2020/06/2-165×300.png” image_id=”26334|medium” link=”” linktarget=”_self” alt=”” /][fusion_image image=”https://staging.solulab.com/wp-content/uploads/2020/06/3-165×300.png” image_id=”26335|medium” link=”” linktarget=”_self” alt=”” /][/fusion_images][/fusion_builder_column_inner][fusion_builder_column_inner type=”1_2″ layout=”1_2″ spacing=”” center_content=”yes” hover_type=”none” link=”” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”left top” undefined=”” background_repeat=”no-repeat” border_size=”0″ border_color=”” border_style=”solid” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no” border_position=”all”][fusion_text]

About App

[/fusion_text][fusion_content_boxes layout=”icon-on-side” columns=”1″ title_size=”” heading_size=”2″ title_color=”” body_color=”#333333″ backgroundcolor=”” icon=”” iconflip=”” iconrotate=”” iconspin=”no” iconcolor=”” icon_circle=”” icon_circle_radius=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” icon_size=”” icon_hover_type=”none” hover_accent_color=”” image=”” image_id=”” image_max_width=”” link_type=”” button_span=”” link_area=”” link_target=”” icon_align=”left” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_delay=”” animation_offset=”” margin_top=”” margin_bottom=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”mar-bot-0″ id=””][fusion_content_box title=”” backgroundcolor=”” icon=”” iconflip=”” iconrotate=”” iconspin=”no” iconcolor=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” image=”https://staging.solulab.com/wp-content/uploads/2019/01/red-checkmark.png” image_id=”” image_max_width=”26″ link=”” linktext=”Read More” link_target=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]A complete cloud ecosystem which makes the transaction process convenient and helps buyers and sellers to transact anywhere and anytime, without any costs, withdraw funds through checks and transfer to their personal bank accounts.[/fusion_content_box][fusion_content_box title=”” backgroundcolor=”” icon=”” iconflip=”” iconrotate=”” iconspin=”no” iconcolor=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” image=”https://staging.solulab.com/wp-content/uploads/2019/01/red-checkmark.png” image_id=”” image_max_width=”26″ link=”” linktext=”Read More” link_target=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]The platform worked as PaaS (Platform as a service) which includes website and app for big traders and small traders, middleware API with trading dashboard and wallet[/fusion_content_box][fusion_content_box title=”” backgroundcolor=”” icon=”” iconflip=”” iconrotate=”” iconspin=”no” iconcolor=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” image=”https://staging.solulab.com/wp-content/uploads/2019/01/red-checkmark.png” image_id=”” image_max_width=”26″ link=”” linktext=”Read More” link_target=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]The product owner will have access to an admin panel to manage everything from back office.[/fusion_content_box][fusion_content_box title=”” backgroundcolor=”” icon=”” iconflip=”” iconrotate=”” iconspin=”no” iconcolor=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” image=”https://staging.solulab.com/wp-content/uploads/2019/01/red-checkmark.png” image_id=”” image_max_width=”26″ link=”” linktext=”Read More” link_target=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]The whole platform is built on scalable microservices powered AWS infrastructure and uses Infura Ethereum API.[/fusion_content_box][/fusion_content_boxes][/fusion_builder_column_inner][/fusion_builder_row_inner][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container admin_label=”” hundred_percent=”yes” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”yes” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” status=”published” publish_date=”” class=”” id=”” border_size=”” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”100px” padding_right=”” padding_bottom=”60px” padding_left=”” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”” background_image=”https://staging.solulab.com/wp-content/uploads/2020/06/Result-300×71.jpg” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_blend_mode=”none” video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ admin_toggled=”yes”][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ spacing=”” center_content=”yes” hover_type=”none” link=”” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”max-width-inner-1140″ id=”” background_color=”” background_image=”” background_position=”left top” undefined=”” background_repeat=”no-repeat” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” padding_top=”0px” padding_right=”0px” padding_bottom=”0px” padding_left=”0px” margin_top=”” margin_bottom=”0″ animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][fusion_text]

Results – A journey from Ideas to Success

[/fusion_text][fusion_content_boxes layout=”icon-on-side” columns=”2″ title_size=”” heading_size=”2″ title_color=”” body_color=”#ffffff” backgroundcolor=”” icon=”” iconflip=”” iconrotate=”” iconspin=”no” iconcolor=”” icon_circle=”” icon_circle_radius=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” icon_size=”” icon_hover_type=”none” hover_accent_color=”” image=”” image_id=”” image_max_width=”” link_type=”” button_span=”” link_area=”” link_target=”” icon_align=”left” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_delay=”” animation_offset=”” margin_top=”” margin_bottom=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”mar-bot-0″ id=””][fusion_content_box title=”” backgroundcolor=”” icon=”” iconflip=”” iconrotate=”” iconspin=”no” iconcolor=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” image=”https://staging.solulab.com/wp-content/uploads/2019/01/white-checkmark.png” image_id=”” image_max_width=”26″ link=”” linktext=”Read More” link_target=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

Helped various companies and organization to streamline their payment and financial process

[/fusion_content_box][fusion_content_box title=”” backgroundcolor=”” icon=”” iconflip=”” iconrotate=”” iconspin=”no” iconcolor=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” image=”https://staging.solulab.com/wp-content/uploads/2019/01/white-checkmark.png” image_id=”” image_max_width=”26″ link=”” linktext=”Read More” link_target=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

Transaction process become more convenient after getting offline, it helps increase consumers, build trust and reduce operational cost

[/fusion_content_box][fusion_content_box title=”” backgroundcolor=”” icon=”” iconflip=”” iconrotate=”” iconspin=”no” iconcolor=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” image=”https://staging.solulab.com/wp-content/uploads/2019/01/white-checkmark.png” image_id=”” image_max_width=”26″ link=”” linktext=”Read More” link_target=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

Large market adoptions and it will motivate people to use cryptocurrencies in many parts of the world where the internet is expensive and intermittent

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Technologies we used

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Client Testimonial

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“They did a very hard research to find the best solution to implement the idea we have envisioned and their communication process was very smooth.”

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Pedro Fabian Crespo B.

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General Manager, Banco San Juan Internacional, Inc.

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Say Hello !

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