Arbitrum Project Hackathon Repository

Smart Contract Link: https://sepolia-explorer.arbitrum.io/address/0xD777fe83A62d693f8d3E8995078fD469147f0F00

PARA Token Address: 0xD777fe83A62d693f8d3E8995078fD469147f0F00

Team Members:

Mark Nicholas Cagas | discord: nicooreos

Mark Ilagan | discord: iidabang

Hazel Mendoza | discord: sasaki1539

Dwainne Dyland Zapanta | discord: dzdzdzdzdzdzdz

About the project

Project Title: RFID-Enabled Fare Incentivization with Smart Contracts

Overview:

The RFID-Enabled Fare Incentivization project combines cutting-edge technology with blockchain innovation to revolutionize fare payment systems. Leveraging Solidity-based smart contracts and RFID technology, this project aims to incentivize users to utilize RFID cards for fare payment in a seamless, efficient, and rewarding manner.

Key Components:

1. Solidity Smart Contract - Developed as an ERC20 contract, it incorporates specialized functions designed to interact with RFID technology. This smart contract is initially deployed on the ArbitrumSepolia, ensuring transparency, security, and immutability of transactions.

2. RFID Integration - The heart of the project lies in its integration of Radio-Frequency Identification (RFID) technology. Each user is provided with an RFID card containing a unique identifier.

3. STM32 Microcontroller: The RFID reading system is powered by an STM32 Microcontroller. This high-performance microcontroller efficiently processes RFID data, enabling seamless communication between RFID cards and the smart contract.

Functionality:

1. Fare Payment - Users can conveniently pay for fares by tapping their RFID cards on designated readers. The STM32 Microcontroller captures the RFID data and initiates a transaction through the Solidity smart contract

2. Incentivization Mechanism: The smart contract is programmed to incentivize users for utilizing RFID cards for fare payment. Through predefined algorithms and reward structures, users earn tokens or other benefits each time they utilize their RFID cards, encouraging widespread adoption and usage

3. Transaction Verification: Every fare payment transaction is securely recorded on the blockchain. Users can verify their transactions in real-time, ensuring transparency and accountability within the system.

Benefits

1. Efficiency - The integration of RFID technology streamlines the fare payment process, reducing transaction times and enhancing user experience.

2. Transparency: By leveraging blockchain technology, the system ensures transparent and auditable transactions, mitigating the risk of fraud or tampering.

3. Incentivization: The incentivization mechanism encourages users to adopt RFID-based fare payment, leading to increased usage and customer loyalty.

Future Developments

1. Scalability: The project is designed to be scalable, accommodating a growing user base and expanding transportation networks.

2. Integration with Mobile Platforms: Future iterations may explore integration with mobile applications, allowing users to manage their RFID cards and monitor incentives conveniently from their smartphones.

3. Enhanced Security Features: Continuous enhancements in security protocols will be implemented to safeguard user data and prevent unauthorized access or misuse.