Abstract

With the growth of digital assets known as cryptocurrency, where there is no central authority to process a transaction, anyone in the world can participate and start sharing assets with other parties. Today, chat applications have billions of active users [Statista, 2018a] messaging text, audio, images and video. Transacting with cryptocurrency could be as intuitive and simple as sending a simple message, where users could send and track their cryptocurrency while seamlessly chatting with other users. Users still need to access third-party services and entrust their credentials to these services in order to have their requests processed. This exposes the users to potentially malicious parties intercepting and manipulating their transactions. If the users were to have control over their assets locally, security flaws would be drastically reduced and transactions simplified on the user’s device. In order to allow users to manage their assets in a more secure way, their data would need to be locally stored in a safer manner such that it would only be accessible by the owner. The solution is to provide a functional mobile chat application on the user’s device that can be used to interact with and manage cryptocurrency using the Ethereum platform. Users do not require any previous knowledge about the platform or cryptocurrencies and this solution will allow them to take advantage of the opportunities that cryptocurrencies afford. Using the Ethereum platform, the solution application will have its own local node connected to the network, which will allow users to manage accounts, receive and send assets to other users and monitor the status of their assets while chatting.