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Globeprice

GlobePrice turns everyday real-world transactions into trusted sources of global price data

Globeprice

Created At

ETHGlobal Cannes

Project Description

People purchase products and services frequently. At the same time, governments, companies, and universities need real-time prices of products and services globally. GlobePrice rewards users for submitting their everyday real-world transactions on-chain, creating a trusted source of global price data that governments, companies, and universities can use.

How it's Made

This project has been created to be a "compelling, well-architected concept for a 'killer app' on Zircuit—an application so impactful it inspires builders, excites users, and becomes a reference point for future innovation".

I used Zircuit as the blockchain for the protocol as it has Sequencer level security, which can prevent false price data from being added on-chain. It also enables account abstraction, which allows for gasless submissions for price-reporters (everyday users submitting their real-world transactions), as the customers (the organisations needing the price data) can cover gas. It also allows for reputation-based wallets and can track price-reporter performance and restrict low-rated price-reporters.

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