Kosen: Leveraging Blockchain Technology for Secure, Efficient, and Transparent Processes
1B.S. Electrical Engineering, Mongolian University of Science and Technology, Ulan Bator, Mongolia
2B.S. Web Developing, Mongol Kosen Technology College, Ulan Bator, Mongolia
3B.S. Electrical Engineering, Mongolian University of Science and Technology, Ulan Bator, Mongolia
A Paper Submitted in Partial Fulfilment of the Requirements for IBCOL 2023
Sustainable Development Goals
Keywords
Abstract
In a globalized world, efficient visa applications are the gateway to international travel and immigration. However, the current process is marred by challenges such as data security, inefficiency, and a lack of transparency. Our project, a trusted visa application app powered by blockchain technology, seeks to revolutionize this process.
Our solution empowers travelers and embassy officials by offering selective data sharing, utilizing blockchain technology for security and transparency, and introducing features like data validation, digital notarization, and lost document recovery. The market opportunity is vast, with a growing global demand for efficient visa application solutions.
Our business model ensures sustainability and growth, with revenue generated through subscription fees, transaction fees, and strategic partnerships. However, potential risks and challenges, including regulatory compliance and competition, are acknowledged, and mitigation strategies are in place.
This project is not just about technology. It's about transforming the way we travel and ensuring that the visa application process is secure, efficient, and user-centric. With a clear value proposition, a visionary team, and a commitment to resolving pressing issues, our trusted visa application app aims to set new standards in global travel and immigration services.