What Is StreamPay?

StreamPay is an enterprise distributed ledger platform based on the decentralized blockchain technology. The project seeks to secure smart contracts and keep distributed ledgers scattered to create articles that are executable in smart contracts. The platform is especially beneficial to enterprises, as it helps them track the movement of goods using the StreamPay merchant payment application to track information provided on the product’s QR codes.

The QR codes enable the parties within the transaction to monitor the movement of the goods from when they were raw materials until their manufacturing into finished products.

How StreamPay Blockchain Payment Tracking System Works

Through the smart contracts based on blockchain, technology users can also validate the movement in supply chain on a real time basis. It will also manage the payment process on behalf of the users therefore offering them a worry free experience throughout the supply chain process.

StreamPay also has a global payment and tracking system that implements blockchain technology in managing smart contracts. The system is accessible via a consumer’s smartphone and is compatible with all forms of payments and currencies all around the world. The system is synced to a user’s e-wallet therefore, any payments made on the platform will reflect on the user’s wallet. Users can also make deposits or transfer their funds to other users regardless of their geographical location.

Once a user signs up to the platform, they will receive a debit card, which can be either a Visa card or MasterCard. The card enables the user to make purchase products or services from any merchant that accept Visa or MasterCard. The platform will integrate smart contracts into the payment tool to guarantee the safety of the user’s funds.

Furthermore, StreamPay provides merchant with basic Point of Sale Services. The services include calculating the amount a customer should pay, creating an invoice for the calculated amount and providing the customer with the payment options they could use. Apart from simplifying the transaction process for merchants, this service will also enable merchants to offer discounts, roll out a loyalty program for customers, and control stock more efficiently.

StreamPay Advantages

Improving Of Supply Chain

As the platform allows user to track the supply chain process from when the purchase of raw materials until when they are processed into finished goods, users can identify the components within the supply chain that can be altered in order to improve the supply chain process.

Faster Processes

Using blockchain technology, StreamPay can identify the parties within the supply chain that are slowing down the process. This therefore enables enterprises to get rid of such parties and to add new parties who can speed up the process.

Reduced Risks

Through the StreamPay transfer services user can transfer money to other users without having to face the risk of volatility and fraud as the platform disperses the risk across the platform and puts in place measures to ensure the discovery of fraudulent users.

StreamPay STPY Token ICO Details

The platform will operate using the StreamPay tokens. The tokens enable users to access the services offered by the platform and be part of the StreamPay Token (STPY) Network. The tokens can be purchased during the Pre-ICO that is expected to take place on June 30, 2018.

Parameters Of The ICO