Hello! 👋
We are team POISON 🔥 - a team of 2 participating in the ETHKL 2023 Hackathon! 💪🇲🇾
P.O.I.S.O.N 🔥 = Proof of Interaction So Obviously Needed (duh)
Read further to explore the whys, the hows and the use cases of our hackathon project and what we are trying to achieve in Exploring New Frontiers in Ethereum!
Imagine a world where every off-chain interaction, no matter how unique or complex, can be seamlessly and verifiably recorded on the blockchain. Welcome to 'Proof of Interaction,' an open and extensible protocol that brings this vision to life.
We have Real World Assets (RWA), tokenisation, phygital goods etc but there is no way of tracking Real World Avents (RWE) or standardised ways of having, storing or tracking RWE.
This is important to achieve things like:
- Smart contract automation based on physical interactions or events
- Tracking of events & the verification of such data
- More trustlessness
- Better UX
Think of some applications like gaming, treasure hunts, recycling rewards, attendance rewards, so on and so forth!
Taking inspiration from the simplicity & ingenuity of Sign In With Ethereum (SIWE), we allow users to interact with any arbitrary data and sign a message with that data encoded in it. That message is then stored on chain and validated with oracles to ensure the integrity and validity of such data
The data can then be verified using multiple oracles and cryptoeconomic incentives can be deployed to ensure high availability and correctness of such data.
Let's assume that after attending an event, you will earn a reward/claim your stake back for the event. This can be done easily like the diagram below
Now obviously you'd assume your users go through an easy user journey, but the reality is often disappointing
That's where Account Abstraction comes into play!
There is plenty more to talk about, but the best way is to just explore the repository!
We do hope that this can grow to make an impact on Ethereum's community as a whole and propel the growth of this space! 🚀
Made with ❤️ by Team POISON 🔥