Problem Statement

Managing group expenses can be a cumbersome task, especially when it involves splitting bills and tracking who owes what. This often leads to confusion, manual calculations, and potential disputes among friends, family, or business partners.

Proposed Solution

Introducing the Group Expense Splitter feature on Base MCP to streamline the process of splitting bills and expenses. This feature allows users to input expenses and participants, automatically calculates the amounts owed by each participant, and facilitates hassle-free settlement using USDC. With Base MCP's user-friendly interface, users can easily track expenses and manage group finances efficiently.

Alternative Solutions

Automated Expense Sharing Bot: Implementing an automated expense-sharing bot within the Base MCP platform could provide an equally effective solution to the Group Expense Splitter feature.
This bot would leverage smart algorithms to analyze expenses, allocate shares among participants, and execute settlements seamlessly. Users can interact with the bot through simple commands or a user-friendly interface, reducing manual effort and streamlining the expense-sharing process.

Use Case

The Group Expense Splitter feature is ideal for:

Friends splitting bills after outings or vacations.
Roommates sharing living expenses and utilities.
Business partners dividing costs for joint ventures or projects.
Users can input expenses, specify participants, and let the Base MCP handle the calculations and settlement, simplifying financial collaboration and reducing the burden of expense tracking.

Additional Context

The Group Expense Splitter feature aims to improve user experience, promote financial transparency, and enhance collaboration among individuals or groups sharing expenses. By automating the splitting and settlement process, users can focus on enjoying their time together rather than worrying about financial logistics.

Implementation Ideas

Develop a user-friendly interface with clear input fields for expenses and participants.
Implement automatic calculation algorithms to determine the amounts owed by each participant.
Enable seamless settlement using USDC within the Base MCP platform.
Include features for tracking expense history and generating reports for reference.
Ensure robust error handling and validation checks to maintain data accuracy and security.