DEVISING A BLOCKCHAIN BASED E-WALLET PROTOTYPE ‘KRYPT’ FACILITATING COIN EXCHANGE AND NFT STORAGE THROUGH MOBILE APPLICATION PLATFORMS

Abstract

Digital currency is a by-product of several financial communications and merging of various technological motivations. Currency exchange, pervasive digital wallet design, ATM, including of mining, exchange of digital value models, all and everything was part of this philosophy. Bitcoin was just a trend setter and is considered as an application of this Blockchain concept. Today Blockchain act as the backbone of Financial Technology industries and also supports Industries like
Supply chain, Internet of Things, Medical utilities, Valuing systems and even Digital Polling Operations. In short, Blockchain is today designed not just to preserve transparency and cost effective utilities of the customer; but also his rights, duties, responsibilities and basic financial interests. Considering the picture from the side of an administrative unit like a central government, it has enhanced the convenience for collection of taxes and other financial transactions and maintaining
value balance factors for the country, citizens and the entire globe. Moreover any kind of digital currencies and transactions can be much better assessed and recorded, than whichever Legacy systems or traditional paper pen based ledger books. Electronic Wallet is today's technology and has gained immense interest on various areas of Financial
Technology applications, and is getting wide spread acceptance in various allied fields too. This paper tries to result the necessity of a FinTech Application, by creating an e-wallet model supported by Blockchain concept. The e-wallet proposed, is devised as a full-on mobile application; suitable for first hand traders and Novice Traders., who operate on Coin Exchange, NFT portfolios and similar Digitally empowered Value Maintenance Systems.