This project seems to be fine, but in comparison to the blockchain, even if they are decentralized, they are still logging the transactions to the blockchain info, meaning to say that it seems to be okay to log transactions because, in the first place, people are still anonymous, we just need to be more discrete and precise so adding transaction history to backtrack transaction could still be a useful idea. In addition, I just want to ask if it will still use the blockchain as the backbone of the currencies or money you are making?
Of course it will use the blockchain technology, because it inspired the concept since the start of bitcoin and other coins. We need it to make the transactions more efficient and productive. Without this, everything won't work out as expected and may fail im the long run. Cashless society needs cryptocurrency principles in order to run anonymously, and prevent any possible delays that might occur.