Anti-Money Laundering Blockchain

Project Title: Anti-Money Laundering Blockchain

Problem Statement

Anti-Money Laundering Blockchain will prevent many countries problem from the black money to go outside country, as we know the crypto has been using for money laundering for a long time and no one can prevent them to do that, it’s become now a global problem. “The most widespread crime is tax evasion. A recent report estimated that some 36% of Bitcoin investors plan on committing tax fraud this year.” The Anti-Money Laundering Blockchain will prevent anyone to avoid tax fraud. This will help a country to grow by preventing huge amount money being go outside with the help of Blockchain. As we know many countries banned crypto currency because of this reason, when we will create this Blockchain, Every country will allow that crypto currency which are created on our Blockchain.

Goals: What are you aiming to accomplish?

My goal is to create such Blockchain that will prevent fraud, money laundering, avoiding tax. We will create such Blockchain that will collect user information when they create a wallet to know who actually using this and for what they are using this & all the information will be kept on the Blockchain. We will make the Blockchain from scratch if it’s possible.
We will try to make the Blockchain transaction more faster than other Blockchain.

Impact: What impact will this project have?

This project will reduce the money laundering impact globally. This will solve the social problem by preventing drug traffickers, smugglers, and other criminal to get money from their helper. This will help a company, organization, society & the government to grow by getting economically stronger. As we know most of countries banned crypto, after we create this Blockchain, every crypto currency on this Blockchain will have no any legal issue to be banned by a country so everyone will be able to buy crypto from anywhere. Thousand of token has been getting created daily on the Ethereum and Binance Smart Chain but most of the created token has been getting created by scammer, people invest their money on those assets and they lose their money on it. After we create this Blockchain we will solve this scammer problem, so no one will be get scammed on our Blockchain.

Budget: How much funding will this require?

If we had to create a Blockchain from scratch then it will take time and huge money but we will try to make it in existing open-source projects if it’s possible to make such Blockchain. Blockchain is a feature-dependent technology, so the final price will vary in accordance with the project requirements.
If you had to create Blockchain from scratch then it can cost more than $150,000.

Timeline: What is the timeline for accomplishing this task?

  • Research about the Blockchain, collecting more information
  • Hiring Developers for work on the Blockchain development & research
  • Testing on test-net
  • Creating wallet and testing the wallet
  • Testing the security of users information
  • Creating & testing primary crypto currency on the Blockchain
  • Deployment of multiple Nodes
  • Building explorer
  • Mass Marketing

The timeline can be updated if needed, I don’t given any time frame because until we create the Blockchain giving time will not worth it, i don’t know how much time will it take to create such Blockchain.

Team: Are you looking for additional team members?

Yes, I need team member. A Blockchain developer (Who worked on Blockchain before), Financial advisor.
More team member will be needed but for now this will be enough.

Reporting: How will you report your progress to the community (e.g. weekly calls, reports)?

We will create a website where we will keep every information about the project including our spending. We will try to keep you reported 3 times in a month in a call or on zoom.

Design: Do you have any mock ups or screenshots?

For now we don’t have any mock up or screenshots.

Hi there, thanks for the submission.

I dont think this falls under the purview of something we are able to support for Akash.