StreamPay technology keeps distributed ledgers to create articles to insert into smart contracts so supply chain manufacturers, suppliers, vendors, logistics companies, and customers can track goods and services from the raw materials to the finished product using QR codes and digital signatures. Once the user subscribes to the platform, he will receive a debit card, which can be either a Visa or MasterCard card. The card allows the user to make purchases or services from any merchant who accepts Visa or MasterCard. The platform will include intellectual contracts in the payment tool to ensure the safety of the user's facilities. In addition to simplifying the transaction process for merchants, this service will also allow sellers to offer discounts, deploy a loyalty program for customers, and more effectively control shares.
StreamPay also has a global system of payment and tracking, which implements blockchain technology in managing intellectual contracts. The system is accessible through the consumer's smartphone and is compatible with all forms of payments and currencies around the world. The system is synchronized with the user's electronic purse, so any payments made on the platform will be reflected on the user's wallet. Users can also make deposits or transfer their funds to other users regardless of their geographic location. For the implementation of the contract between manufacturers, suppliers, sellers and logistics companies will be responsible for smart contracts. Customers will be given the opportunity to track the product or service from raw materials to finished products thanks to the QR code.
Integrated into the consumer’s smartphone, the payment will show up on the user’s wallet. Just like a holder of a bank account, StreamPay enables the consumer to deposit funds and transfer them to different parts of the world.The consumer will be given a debit card, either Visa or MasterCard. This will enable him/her to make payments to any merchant who accepts Visa or MasterCard. A powerful tool, the smart contract will help the user to keep their funds safe.” In order to maximize all these processes and make a big profit, companies spend millions of dollars a year. But even with such financial investments in this area, there are still actual problems in logistics, quality assurance and when working with suppliers for more efficient management. Having considered all the existing problems, the StreamPay project offers its solution.
StreamPay is a completely decentralized system with the introduction of blockchain technology, which uses smart contracts to effectively manage suppliers and finished products. The StreamPay project includes a supply chain for monitoring risks and payment for tracking goods and services. For the implementation of the contract between manufacturers, suppliers, sellers and logistics companies will be responsible for smart contracts. Customers will be given the opportunity to track the product or service from raw materials to finished products thanks to the QR code. The consumer will be given a debit card, either Visa or MasterCard. This will enable him/her to make payments to any merchant which accepts Visa or MasterCard. A powerful tool, a smart contract will help the user to keep their funds safe. This new service would be the consumer’s funds make payments to any merchant which accepts Visa or MasterCard.
StreamPay Smart Contract Process
- Both buyer and seller agree on the conditions set by StreamPay and create a smart contract.
- StreamPay tokens (STPY) will be sent to the buyer’s wallet as a guarantee of the payment on delivery. StreamPay will join the Bancor Network to increase liquidity for quick conversion into fiat currencies.
- StreamPay holds the funds in cryptocurrency within the smart contract.
- StreamPay can also instruct the bank to hold funds on a payer’s account or a credit card.
- StreamPay tracks the goods using QR codes from raw material to finished product.
- Upon the receipt of the goods to a buyer, if the delivery QR code matches the QR code set by the buyer in the smart contract, StreamPay instructs the seller to release the payments.
ICO parametersToken
Token: STPY
Token Price: 1 STPY 1,00 USD
Accepted method of payment: ETHStandard Ethereum
TokenSoft cover: $ 100,000
Hard cover: $ 50,000,000
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eth: 0x52Cba3bDC27B274AAcbF21b1153d1d1374467a9D