Group 3 [BLUEPRINT OF DIGITAL COLLATERAL PRODUCT]

[SIDDHARTH SINGH, MUSKAN BHATIA, MUSKAN SINGHAL , AASTHA, ANKIT SOMANI, PRITHVIRAJ PATIL ]

Our Team consists of members with diverse sets of backgrounds and specializations. This gave us the right blend of creative hats, devil’s advocates, and finance and tech experts for this project.

To start with, the reason why we as a team took up this topic is that the idea of digital collateral is becoming increasingly common, however, is a relatively new concept in India. But as more and more assets are digitized, such as crypto, and NFTs, digital collateral is likely to gain more popularity.

The opportunity that was there for us was to study some of the cases that have been/are being implemented globally, and think about how we could pick up some of the areas and attempt to apply them in the Indian context.

Our aim was to design a product that is a win-win for all the stakeholders involved – the manufacturer, dealer, customer, etc. and in an industry that is emerging in India.

That is how we shortlisted the EV two-wheeler industry and went on to brainstorm. We attempted to expand the scope of our product going forward, and analyze the operational, financial, and legal feasibility. One of the most interesting areas to explore was the “Lockout Technology” that was going to get integrated.

Where we put in our own ideas and judgment was the bit where we had to decide on the extent of the lockout and how we could make our product attractive to all the parties.

Towards the end, we as a team are happy that we were able to create a blueprint of our product and share it with the entire class.