TrustBridge
Privacy-preserving cross-border remittance platform reducing fees by 92%
What it is
TrustBridge - Privacy-Preserving Cross-Border Remittance Platform
TrustBridge reduces remittance fees by 92% (from 7% to 0.5%) and transfer time from 2-5 days to 5 minutes. Traditional services charge $70 to send $1,000; we charge $5.
Solution:
Uses Chainlink Runtime Environment to orchestrate: privacy-preserving KYC (Confidential HTTP), real-time FX rates, AI route optimization, risk assessment, and smart contract execution.
Tech:
Solidity contracts deployed on Sepolia, TypeScript CRE workflows, web interface with ethers.js. Supports 10+ currencies and 7 blockchains.
Prize Tracks:
Privacy (Confidential HTTP), CRE & AI (route optimization), Risk & Compliance (fraud detection), DeFi (smart contracts).
Impact:
Makes remittances affordable for millions of migrant workers worldwide.
How it Works
TrustBridge reduces cross-border remittance fees by 92% using Chainlink Runtime Environment. Traditional services charge 7% ($70 on $1,000) and take 2-5 days. TrustBridge charges 0.5% ($5) and completes transfers in 5 minutes.
Built with Chainlink CRE orchestrating 5 steps: privacy-preserving KYC, real-time FX rates, AI route optimization, risk assessment, and smart contract execution. Deployed on Sepolia testnet with support for 10+ currencies and 7 blockchains.
Targets Privacy, CRE & AI, Risk & Compliance, and DeFi prize tracks.
Links
Created by
- ADIGUN EMMANUEL OLAMIDE