All my life I have been a citizen of India, and has been colsely observing the money management and and its development. and since the rise of UPI, I understand what effects, introduction of easy to use yet secure digital platform for money management can have on society.

While I love the concept of UPI a lot, I also want something easy to use yet secure to be added to crypto ecosystem, and mojorrly in the ourr region, where scams and thefts are a daily thing.

What if you are tavelling and lost your mobile phone, or cypto wallet. you might loose all your asset, One might say why would we travel with ourr crypto wallets, we will keep them safely locked in a locke, then how would you carrry out the required trransactions, we provide a solution to that.

Plus BASED SEA hackathon allows focus on smart wallets, to allow normal web2 users to onboard web3 with passkeys, now with delegated accounts they nneed not worry about them being loosing their passkeys ever

Why isn't Crypto as mainstream as Centralized monetary systems? What are some major factors making people avoid using crypto for usual monetary transactions?

One such factor is the sense of security, One might feel safe with their money when it is locked some where safe, when you are confident that your money is somewhere safe.
A monetary system becomes strong and preferred when it could allow you to have that sense of security and still be able to spend your money where ever you want.

One such solution banks came up was introduction of plastic money(credit and debit cards which now evolved into online payment systems), and now a person could bee safe about his money in the bank and carry the plastic money anywhere, in case the plastic money i.e. card or your mobile is stolen, one can easily call and disable the card and one will never loose anything other than a very small amount. Also now you could have multiple plastic cards which you could share with your family and allow them to spend from your account nd also set limits and restrictions on everything

With crypto the issue is, we always have to carry the account with us, be it a hardware wallet or in mobile. We needed something with crypto such that your highly secure hardware wallet could lie guilt free in a safe and you could carry out smaller transactions without any issue.

Delegated Accounts and Cypto Plastic Money tries to provide similar ability(as mentioned in challenges section) for crypto accounts by providing a delegator contract for main account and allowing multiple delegates i.e. family members to spend from the main account,

It also provides full ability to restrict daily limits for amount and number of transactions as well as per transaction limit and time delay between two transaction, also allowing you to monitor who initiated the transactions.

Next phase involves involvement of NFC transactions, and we are also working on a new type of NFC card based crypto delegated wallet to allow blockchain and crypto to go mainstream

**please note this is our first step towards creating actual plastic crypto in form of nfc card, We have the finalized the RTL designs for a IC , with NFC capabilities, and could sign wallet transactions on chip, and will be using delegator contracts. The chip is now in Verifications stages and we are reverifying the storage security capabilities for the same. we are in talk with a silicon proven edtech startup "VSD" in India to get our chips taped out, Our team was sponsored for a Complete internship by the startup to understand complete process related to IC design manufacturing, add now we re certified Physical Design Engineer.

We wanted to showcase the usefulness of delegated account to the community but were much busy with the Development and Testing of the IC design, and complete frontend for this project was built in only few days to be in mainstream community in this hackathon, while also making sure that we understand community and make necessary changes to the final expected product.

We first created a Delegator contract, could be found on our git repo contract's section in RemixIDE . and toughly tested out its capabilities.

Delegator contract could be deployed by any main account who wants to add delegates.
Then user would provide allowance to the Delegator contract to spend money on te accounts behalf, this could be restricted based on user's preference, and could add another security layer.

Then user could add as many delegates as he wants and provide separate name and values of daily limits for amount and number of transactions as well as per transaction limit and time delay between two transaction.

These delegates could be an wallet based account without restrictions

Then delegates could use our delegates sections to see their limits, and carry out transactions of sending USDT form the section, without requiring to have any available resources

If a delegate account is compromised or stolen or lost, one can directly login using main account and disable the delegate account, or can contact admin contract to get the delegate disabled.

We also made a Admin Contract to manage addresses of all delegate accounts, and allow disabling delegates without having access to main account in cases you are travelling, etc.

We also created a frontend for accessing the same using react and OnchainKit