Kavodax aims to revolutionize global money transfers by developing a peer-to-peer cross-border payment infrastructure powered by blockchain technology. The project focuses on utilizing stable-coins to ensure price stability, eliminating the need for banks or middlemen, and providing an easy onboarding process with instant Know Your Customer (KYC) verification. The goal is to create a system that reduces remittance fees to under 1% and processes transactions in under 3 minutes. This project will allow learners to apply their knowledge of blockchain technology, financial systems, and software development to create a prototype that addresses the challenges of high remittance costs and slow transaction times. The project will involve tasks such as designing the system architecture, developing smart contracts, and implementing a user-friendly interface for seamless transactions.

The project deliverables include a functional prototype of a blockchain-based cross-border payment system. This will consist of a detailed system architecture diagram, a set of smart contracts for transaction processing, and a user interface that facilitates easy onboarding and transaction execution. Additionally, a report documenting the development process, challenges faced, and solutions implemented will be required. The prototype should demonstrate the ability to process transactions in under 3 minutes with remittance fees below 1%.