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Beepo

Beepo is a decentralized Social Neobank simplifying access to web3

Beepo

Created At

ETHOnline 2024

Project Description

Project Beepo is a decentralized Social Neobank that simplifies access to Web3 technologies by integrating a non-custodial wallet with multiple social media functionalities. It aims to empower users with secure, decentralized communication and financial transactions within a single platform, enhancing both social interaction and financial autonomy. https://beepoapp.net/

Vision: To create a seamless and secure decentralized platform where users can communicate, share, and transact without reliance on external third-party applications, fostering a new era of Web3 social engagement.

How it's Made

The Beepo Project integrates cutting-edge Web3 technologies to create a seamless and user-friendly platform for communication, transactions, and business operations. At its core, Beepo leverages Web3Auth's MPC (Multi-Party Computation) wallet and authentication infrastructure, alongside XMTP (Extensible Message Transport Protocol) for communication. This combination provides a robust, decentralized platform that caters to both everyday users and businesses.

Key Components and Technologies: Web3Auth (MPC Wallet & Authentication Infrastructure): The Beepo platform utilizes Web3Auth for secure wallet management and authentication. Web3Auth's MPC wallet ensures decentralized key management, enhancing security by splitting the private key across multiple parties, reducing the risk of hacks. By using familiar authentication methods like Google Sign-In, Beepo simplifies user onboarding, making Web3 more accessible to non-crypto-savvy users while maintaining the integrity of decentralized ownership.

XMTP Communication Technology: XMTP powers Beepo's real-time, decentralized messaging infrastructure. With end-to-end encryption, users can securely communicate, share status updates via the Moments feature, and send tokens directly within chats. XMTP's decentralized nature ensures that user messages and interactions are private and tamper-resistant, enhancing the overall security of the communication layer.

Feature Integration: Multichain Wallet: The Beepo wallet supports multichain transactions, enabling users to execute cryptocurrency transfers seamlessly across different blockchain networks. This wallet integrates directly into the chat feature, allowing users to send and receive tokens in-chat while also managing other crypto activities, including cross-chain swaps, without leaving the app.

"Moments" Feature: Inspired by popular social platforms, Beepo introduces Moments, where users can share status updates or public content with their network. This enhances the social aspect of the platform, allowing users to engage with one another through both messages and visual content, driving interaction.

Business Transactions and SME Tools: One of Beepo’s standout features is its tailored support for small and medium enterprises (SMEs). Drawing inspiration from WhatsApp Business, Beepo enables businesses to upload product catalogs directly onto the platform. SMEs can conduct transactions, execute sales, and communicate with customers through in-app messaging, creating a streamlined experience for businesses to manage orders and offer customer support in one place.

Partner Technologies & Benefits: Web3Auth & XMTP: These partner technologies were crucial in bringing the platform to life. Web3Auth's authentication simplifies the onboarding process while maintaining robust security. XMTP's decentralized messaging ensures privacy and resilience, both critical for Beepo's vision of secure, on-chain communication. Notable Hacks: To ensure scalability and efficiency, we employed several unique approaches, such as integrating Web3Auth's MPC wallet with our multichain transaction capabilities, allowing users to switch between chains and execute transactions without the complexity traditionally associated with multichain wallets. Another noteworthy solution was creating a modular backend that allows businesses to manage catalogs, inventory, and customer communications seamlessly within one interface, giving SMEs the flexibility to operate in a decentralized ecosystem

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