THE PROBLEM & SOLUTION STREAMPAY

https://www.streampay.io/

What is STREAMPAY?

1. StreamPay is a universal payment and tracking method integrated with all forms of payments and currencies all over the world. Integrated into the consumer’s smartphone, the payment will show up in the user’s wallet. 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 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. A powerful tool, a smart contract will help the user to keep their funds safe. This new service would be the consumer’s funds.
2. StreamPay is an enterprise distributed ledger project based on blockchain technology. The purpose and design philosophy of this project aims to secure smart contracts and keep distributed ledgers scattered, especially for use by enterprises. Streampay technology keeps distributed ledgers to create articles to insert into smart contracts, so many players in a transaction can track the good back from the raw materials into the finished product using QR codes. Streampay enables players of a transaction to make policy decisions. Streampay also manages the payment process using cryptocurrencies in the player’s local currencies.

The Problem

1. Companies’ supply chains are now global, and they depend on the global supply chain to deliver goods and services to their end customers. Many companies spend millions of US dollars a year to maximize their supply chain to deliver increased profits to shareholders. Companies are looking for ways to better manage their logistics processes, transportation, inventory management, and quality assurance.
2. Having a response-based business model is the practice of keeping low inventory to respond to changes in the marketplace. It helps in shelving the latest products and services while reducing product returns and spoiled goods, employing the latest technology and providing the freshest food goods. This model reduces dwell time (time that finished goods are idle and provide no value).
3. To effectively manage this responsive supply chain, companies must monitor their suppliers and share information internally and externally. The faster critical information is shared with the supply chain network, the faster problems can be resolved and prevented. Sometimes, the problem is as simple as making a payment. However, increased globalization means the increased use of local currencies. Some countries do not accept payment from some banks, whereas some banks restrict the forms of payment or delay funds for days or even weeks. The global supply chain requires a global payment solution that is fully integrated into the supply chain risk monitoring solution.

The Solution

1. StreamPay is an enterprise supply chain risk monitoring and payment tracking solution that uses blockchain smart contracts to manage suppliers and finished goods. 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.
2. This solution gives companies the ability to monitor their supply chain to determine whether it faces any risks. StreamPay features a risk index that alerts users on their dashboards to any supply chain problems that could arise. StreamPay manages the quality assurance to ensure the finished goods meet the requirements set by the customers. Finally, StreamPay enables parties of a transaction to make policy decisions, and its smart contracts issue payments to suppliers when goods or services have been delivered, based on the terms of the smart contracts. The parties can pay in USD, euros, or cryptocurrencies, and the StreamPay wallet maintains the current local exchange rate. This provides users with a worry-free payment experience, and they do not need to buy and sell cryptocurrencies to pay for small items.
3. Utilizing StreamPay is as easy as using a credit or debit card. As part of the payment solution, users receive a debit card linked to their account.
4. The StreamPay debit card enables vendors and consumers to purchase products from any party they want, even outside of the StreamPay network.
5. The objective of the proposed project is to disperse risk across the platform to decrease volatility and the risk of fraud. Additionally, we provide an e-commerce site platform.
6. StreamPay has a proprietary algorithm that was developed to assess risk. It is the core of our risk index. StreamPay automatically calculates the best supplier based on the business rules provided by the user.

StreamPay

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