🧊Sappchat's Application and Platform
Last updated
Last updated
Sappchat is a Blockchain-based, distributed mobile instant messaging application that utilizes the blockchain to carry out financial operations in parallel to secure communications between its users.
Our vision is to introduce an app that will be fully secure, will maintain the privacy of users and their anonymity, without collecting data on users and their interactions or disclosing data to companies and governments, as other MIMs do. Therefore, Sappchat prioritizes the security and the anonymity of users and therefore its user-to-user communications will be based on a distributed architecture, without going through a single and centralized server. This architecture prohibits the collection and the storage of users' data and interaction by our company or by any other party, as all the communication data are not transferred and managed by a single node, but rather by an everchanging network of multiple nodes that dynamically inter-connect to each other during discussions and then disconnect.
An end-to-end encryption will ensure that text, video and audio messages and feeds, as well as the files transmitted between users, will be secure from eavesdropping or from intervention of any external party.
Users can remain completely anonymous, as the only requirement for signing up and operating the platform is their wallet address, as a unique and anonymous identifier. We do not request or attempt to retrieve any further details, such as the mobile ID, geolocation or phone data – We respect the security, safety and anonymity of users and do not attempt to collect any data about them, their habits of app use, their contacts or their communications.
Sappchat enables both person-to-person chats and group discussions. At any time, groups can be deleted from the app and users can be blocked, should a user feel any concern about his or her privacy and safety.
With Sappchat, cryptocurrency payments and transfers are completed immediately and with ease. Sappchat provides an electronic wallet that supports multiple tokens on the Blockchain and the transfer of funds from one user to another can be completed in one click, during chats or between them (see Fig. 4).
TRANSFER WHILE CHATTING
In addition to cryptocurrency payments and transfers, Sappchat provides a "one-stop shop" for all the crypto-based financial operations and needs of its users. Sappchat integrates a mobile cryptocurrency exchange to carry out crypto exchanges and trades. The exchange supports a broad range of cryptocurrencies that are listed and traded on the main exchanges, as well as conversion to and from our APP token. With one click, users can dedicate funds to DeFi and enjoy interest gains for their crypto assets (see Figure 5).
ALL - IN - ONE FINANCIAL ECOSYSTEM
Sappchat integrates an online shopping experience, where users can offer and purchase unique NFT artworks and stickers to enrich their communication experience. The NFTs can be browsed via the Sappchat store and purchased with one click by confirming the payment from the user's wallet. The NFT is delivered to the user's wallet and can be used in personal and group chats, benefitting Sappchat users with extensive options to personalize their communications with others (see Fig. 6).
COOLEST NFT SHOP
Sappchat's cryptocurrency payments, transfers, trades, DeFi and online shopping are completely anonymous and are managed and completed only via the wallet addresses of senders and recipients of funds without any additional information or reference to the context of the payment (such as a chat or a purchase of NFTs). By doing so, Sappchat ensures that not only your communications and messages will be secured, but also your financial operations will remain private, anonymous and safe.
Sappchat bases its architecture on transactions of APP tokens to conduct financial operations by users. The APP token will be issued on the Binance Smart Chain that will serve as the backbone of all the financial operations of Sappchat, including cryptocurrency transfers, payments, exchanges, trade and DeFi. In latter stages of the projects, we plan to integrate additional Blockchains to be supported by Sappchat, including our Blockchain to carry out fully secure communications between users on it at the highest encryption strength.
One of the unique and innovative features introduce in Sappchat is the integration of Artificial Intelligence (AI technologies into the application. By using the AI engine and the advanced models and algorithms applied for data analysis on the platform, Sappchat can serve users in multiple ways: First, the anonymous data on user communications and the capacity of the Blockchain to transmit messages will constantly be analysed. The AI-based recommender system will alert Sappchat and will open new nodes or dedicate additional computing and processing power when peaks in use are predicted. This feature can optimize and better utilize the Blockchain and provides better service quality to support high capacities on communications on the Blockchain. Second, the AI technologies will track the values of cryptocurrencies and their trade and will offer Sappchat users recommendations based on financial predictive analytics, including exchange rate forecasts and expected completion of transactions (see Fig. 7).
ARTIFICIAL INTELLIGENT
The major AI technologies embedded in Sappchat's platform will be based on neural networks for ongoing training and analysis of the performance of the Blockchain as well as for financial predictions and insights. These will be complemented by a series of Machine Learning algorithms for statistical learning, where the analysis process is presented in more detail and can be followed by users (see Fig. 6.
