Actalink - Empower Web3 Businesses with Payments & Process Automation

[iamtamaghna]

Project Description

Current Web3 Problems

→ Web3's dependency on manual signatures from user wallets for each individual transaction limits the potential for automation. This creates friction in processes that could be streamlined. Automating core Web3 operations requires a shift away from constant manual intervention or the added complexity of external smart contracts.

→ The steep learning curve associated with navigating Web3 applications leads to major barrier to mass adoption. Web3 applications often demand a level of technical knowledge that discourages many potential users. To compete with established Web2 counterparts and achieve mainstream success, Web3 interfaces must be drastically simplified.

→ The lack of fluid communication and asset transferability between different blockchains creates a fragmented Web3 ecosystem. Users are forced to navigate complex, multi-step processes to move assets or execute cross-chain operations, leading to increased costs and inefficiencies.

To fully realise Web3's promise of a decentralised and interconnected future, seamless interactions between blockchains must be prioritised.

Solution by Actalink

→ Simplifying User Experience for Mass Adoption
Actalink streamlines the Web3 onboarding experience by allowing users to connect with familiar social or email accounts or EOA wallets. This bypasses the technical complexities associated with traditional wallets, creating a welcoming entry-point that mirrors the ease of use found in Web2 applications.

→ Empowering Automation with Smart Wallets | Powered by Account Abstraction
Actalink leverages smart wallets as a service to free Web3 operations from the constraints of manual approvals. This enables businesses to implement process automation and build programmable interactions according to their unique needs.

→ Enabling Cross-Chain Connectivity
Actalink unlocks interoperability by using smart wallets to facilitate programmable communication between blockchains. This empowers seamless interactions, breaking down silos, and eliminating the costly, complicated processes previously required for cross-chain operations.

Actalink - Suite of Products

• Smart Wallet as a Service
• Programmable Payments
• Programmable Rebalancing
• Programmable Gas Handling

User Flow of Programmable Payments in a DApp - powered by Actalink

Traction

• 2 Clients in Smart Wallet as a Service
• 2 Clients in Programmable Payments
• 1 Client in Programmable Rebalancing

Go-to-Market Plan

Actalink’s value proposition is to use the Secret Network technology & ecosystem to offer real value by providing seamless UX and offer programmable features to their users for

Programmable feature is already being accepted in Ethereum ecosytem, we want privacy focused Secret Network to adopt Account Abstraction and offer broader privacy focused programmable solutions to automate various processes.

• Identify & offer unique use cases enabled by Actalink: Initially focus on a few key use cases (e.g., Enable Smart Wallet feature, Add programmable payments using Smart Wallets). This will demonstrate tangible applications of our solutions.
• Strategic Partnerships: Collaborate with existing Secret Network projects, especially in DeFi and NFT spaces. Joint promotions and integrations of Smart Wallet as service and add automation to various on chain interactions to demonstrate immediate value for the Secret Network community.
• Developer Engagement: Host hackathons and workshops centered around building with Actalink's toolkit on Secret Network. Offer incentives and bounties to foster a community of innovative developers.

Value Proposition for Secret Network ecosystem

Core Value Proposition

Actalink promises to deliver significant value to Secret Network by driving adoption, expanding use cases, and establishing a foundation for innovation:

• Accelerated User Onboarding: Actalink's streamlined UX, using familiar login methods (Metamask, Social login) and account abstraction, tackles a key barrier to mass adoption on Secret Network. Attracting new users who may be intimidated by traditional crypto wallets greatly expands the potential user base of Secret Network dApps.
• Unlocking Automation and Programmability: The focus on programmable features aligns perfectly with Secret's unique value proposition. Enabling sophisticated business logic, payment automation, and gas management tools makes Secret Network a more attractive environment for developers and enterprises, resulting in a wider variety of applications.
• Increasing Cross-Chain Interaction: By facilitating cross-chain connectivity through programmable smart wallets, Actalink positions Secret Network as a hub within the broader blockchain ecosystem. This enhances liquidity, unlocks new collaborative dApps, and draws users from other chains.

Specific Value Drivers

• SecretDeFi Growth: The combination of user-friendly onboarding and programmable payments creates a fertile ground for Secret DeFi expansion. More users will be comfortable interacting with DeFi products, and developers have the tools to build innovative, privacy-preserving financial applications.
• Competitive Advantage: By bringing Account Abstraction early to Secret Network, Actalink cements the network as a leader in both privacy and flexible programmability, differentiating it even further within the Web3 landscape.

Why building on Secret Network?

Our mission at Actalink is to unlock the potential of Web3 through user-friendly experiences and powerful programmable features. Secret Network aligns perfectly with this vision, making it the ideal platform for us to build on:

• Shared Emphasis on User Experience: Secret Network recognises, as we do, that privacy alone is not enough for mass adoption. We both prioritize streamlining user onboarding and creating intuitive experiences, making Secret Network's privacy features accessible to mainstream users. Actalink amplifies this by offering smart wallets as a service and then add programmable interactions, removing traditional crypto complexities.
• The Power of Programmability Meets Privacy: Secret Network's focus on programmable smart contracts opens up a world of possibilities for our solutions. Integrating privacy with our custom payment logic, gas management tools, and automated rebalancing will create unique, secure, and user-friendly financial applications that currently can't exist elsewhere.

Team members & Experience

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Sumit Kishore - Founder
→ 21 Years of Work Experience (7 Years in Web3 & 14 years in Finance & Investments)
→ At Consensys [since 2018-Present],
→ Founder of an Crypto AML/CFT Solution,
→ Project Lead of Crypto Index Fund,
→ Product Lead of Crypto Payroll dApp,
→ Crypto Tax dApp & Web3 Finance Ops dApp

At Actalink, Founder and CEO of Actalink [2023-Present]

In Traditional finance, Transition of Business Functions and Operations for Middle Office Functions at BNY Mellon, Citibank etc.
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Santanu - Software Engineer - Full Time
5+ years of experience building dApps, smart contracts on ethereum. Worked with Ethereum Foundation, Remix IDE, Loom Network, Gelato Network, Arrakis Finance.
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Tamaghna - Project Manager - Full Time
5+ years of experience in web3 product management (Smart contract Devtools, DAO platforms, Payment solutions), research and analysis.
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Aniket - Software Engineer - Full Time
2+ years of experience in bundling infrastructure tools for EVM chains.
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Karolina - Product Marketing - Part Time
5+ years of experience in Digital Marketing. Building acquisition strategies for international companies, data-driven with strong analytical skills.
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Yash - Software Engineer - Full Time
2+ years of experience in Frontend Developer - Autonomies [2021-2022], Web3 Developer - IbetYou [2022-2022], Web3 Developer - Wonderbox Labs [2022-2023], Web3 Developer - Polkasafe [2023 - 2023] & Software Engineer - Acta Link [2024 - Present]
Linkedin

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Nidhi - Product Designer
2+ years of experience in Creative designer - Coding Blocks (Jan 2022-Jun 2022), Product design researcher - Coto (July 2022 - December 2023), UI/UX designer - Intervue (Jan 2023 - Dec 2023) & UI/UX designer - Actalink (Jan 2024 - Present)
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Grant Request Overview & Milestones

Grant Request - $30,000

No.	Type	Terms	Amount	Duration
1	Guaranteed	Upon Legal agreement signature	$5,000	N/A
2	1st Milestone	Milestone 1 - Deliver Tools/Infra for Smart Wallet• Build Smart Wallet (using Metamask) for Secret Network Ecosystem (Open-source)• Build bundler, paymaster and Entry Points (Open-source)• Write smart contracts for accounts and entry points (Open-source)• Enable Smart Wallet creation for Metamask wallets. (Open-source)	$8,000	4 Weeks
3	2nd Milestone	Milestone 2  - Deliver Tools/Infra for Programmable Payments - Phase 1• Enable Users for programmable user operations on Smart Wallets  (Proprietary software)• Build APIs & SDK for integration in dApps and payment processors.  (Proprietary software)• Perform beta integration in 3-5 Secret Network applications ( Testnet)	$8,000	4 Weeks
4	3rd Milestone	Milestone 3  - Deliver Tools/Infra for Programmable Payments - Phase 2• Develop backend and smart contracts to enable bridging mechanism to Integrate cross-chain bridge in Smart Wallets (Open-source/Proprietary software - Depends on partnership agreement with Bridging protocol) ◦ This will enable Web3 Wallet’s (Metamask) funds on EVM networks for transactions on Secret Network Applications using Smart Wallets• Test Integration with another 3-5 Secret Network applications	$6,000	6 Weeks
5	4th Milestone	Milestone 4 • Deploy Smart Wallet and it’s features in Secret Network Mainnet • Partnerships with Secret Network Applications	$3,000	2 Weeks

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