SappChat

SappChat - the world's first decentralized messaging application meets decentralized banking based on blockchain technology and artificial intelligence.

SappChat is developing a platform that integrates both blockchain-based decentralized mobile communications and crypto-currency financial transactions, including payments, fund transfers, crypto exchange for conversions, and crop farming (DeFi). Sappchat communications are completely anonymous as the platform does not require any personal or mobile data to register and provides end-to-end encryption for all messages and shared files. In addition, the SappChat platform will support multiple online shopping and e-commerce solutions and will use artificial intelligence technologies to support voice-driven communication and financial transactions.

Mobile apps have become an integral part of modern phones that contain multimedia features such as text/audio/video chats, group chats, message notifications, status updates, and media sharing.

The average smartphone user spends 82 percent of their time on email, social interaction, and entertainment. Smartphones are an essential part of life in the 21st century, with over 3.5 billion users worldwide.

Due to its characteristics, the use of mobile applications exceeds that of social networks, with the most prominent application being WhatsApp (with over a billion users), WeChat (with over 900 million Chinese users), Facebook Messenger (over 1.3 billion users) and Viber (800 million registered users and 260 million active users).

However, it seems that today no communications and financial transactions are any longer private and secure. Virtually any mobile messaging application transfers our most private messages to the servers of the companies that serve them, where our text messages, photos, audio and video recordings and stream are processed, processed and analyzed by advanced algorithms with only one goal - to generate company profit for an account of our most private moments and, more generally, of our lives.

Once we press the "record" or "submit" button, we will not be able to control the content. Employees of the company can view and read them. AI can process them to offer us ads on literally every online channel, and data about us can be sold to other parties. In addition, governments around the world are eavesdropping on our most private conversations under conditions that allow mobile messaging companies to operate within their borders, and messaging in repressive regimes can cost a person their freedom.

Mobile payments, money transfers, and shopping are not excluded from these types of privacy breaches in most parts of the world. Financial institutions are successfully hacked, and data is distributed on the Internet or sold through the dark web. Uploading lists of credit card details and other payment methods to the Internet has become the norm. Banks are required to disclose any customer and transaction data to/from their accounts if any government agency wishes to receive it.

This description is not from a science fiction book. This is a reality in which we live, communicate and act insecurely and have no right to privacy in relation to our interpersonal communications and financial transfers.

Sappchat is fundamentally changing the way mobile apps are used. At Sappchat, we strive to give everyone around the world back control over their personal security and privacy, and most importantly, control over YOUR life.

Sappchat offers a complete, secure and private ecosystem for your mobile communications and operations. Sappchat fully implements Blockchain technology and its strong encryption to ensure complete user privacy. Sappchat runs on Sappchain, a decentralized, community-based blockchain platform where all communications and financial transactions take place not in a central node, but on a network run by a community of its users and supporters.

Our mobile instant messaging includes end-to-end encryption of your text messages, photos, audio and video messages. With Sappchat, no one (including us!) other than you and the people you call can eavesdrop and listen in on your conversations. They remain completely secure and confidential between you and the recipient.

Sappchat also provides a simple and convenient solution for payments and financial transfers. As an integral part of our application, we offer a decentralized mobile exchange (mDEX). You convert any amount of our $APP token to any other cryptocurrency, make payments or transfer it to any other Sappchat user at minimal cost and almost immediately, regardless of your location and the location of another user. At any time, recipients of the $APP token can convert it to another cryptocurrency of their choice or keep it in their wallets. Payments, international and international transfers, and currency exchange have never been so easy!

Sappchat operates DeFi, which allows you to profit from your cryptocurrency holdings 24/7. Once you approve it, the app will connect the cryptocurrency balance in your wallet with borrowers to provide them with the liquidity they need. In return, you will receive interest and principal on the loan. Thus, your crypto-currency assets can always bring you passive income.

In addition to communications and financial solutions, Sappchat also operates an online store for buying and selling NFTs. This service is fully integrated with our payment and cryptocurrency solutions, thus providing you with a complete cryptocurrency e-commerce platform.

Comparative analysis

Benchmarking was based on a comparative study of projects and platforms for mobile communications based on centralized and decentralized solutions.

The results of the comparison, taking into account several platform attributes, are as follows:

SappChat is a free, decentralized and feature rich application that provides an ecosystem for mobile users to communicate, pay with cryptocurrencies, exchange and DeFi (growing crops), as well as online shopping and e-commerce. SappChat offers end-to-end encryption and runs on its Sappchain blockchain. SappChat also integrates voice recognition and artificial intelligence technologies to manage its many features, financial transactions, and crypto asset management with just your voice.

Echo is a free decentralized chat application powered by the Graphene blockchain. Echo provides end-to-end message encryption. In addition, it has integrated Payger, a coin-agnostic payment platform for storing, transferring and trading digital assets. However, Echo did not develop its online store and e-commerce solution, does not implement artificial intelligence technologies into its platform, and does not support crop farming through DeFi.

Signal is a centralized open source platform for encrypted messaging. Signal includes its own encryption protocol for end-to-end encryption without using the blockchain. It does not provide e-commerce solutions, does not support cryptocurrency transactions, and does not implement artificial intelligence solutions.

Crypviser is a subscription based secure messaging app. The application implements blockchain-based end-to-end encryption for the transmission and storage of messages. Crypviser also supports payments and transfers in cryptocurrency. However, Crypviser does not include online shopping and e-commerce solutions, crop farming, and DeFi and AI technologies.

WeChat is a free centralized mobile communications platform owned by China's Tencent Corporation. It provides its users with a vast ecosystem. WeChat has an integrated fiat (RMB) payment system, a fiat currency (RMB) savings account, and a shopping platform. However, WeChat does not have end-to-end encryption and includes backdoors that allow other parties to read users' sent and received messages.

WhatsApp is a free centralized mobile messaging platform owned by Facebook. It provides end-to-end encryption based on its own protocol. However, WhatsApp does not include shopping and e-commerce solutions, does not support financial transactions or payments using fiat money or cryptocurrencies, and does not use artificial intelligence technologies in its application.