A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, StreamPay, a universal payment and tracking method integrated with all forms of payments and currencies all over the world has arrived.
"Managing today’s supply chains all the links to creating and distributing goods—is extraordinarily complex. Depending on the product, the supply chain can span over hundreds of stages, multiple geographical (international) locations, a multitude of invoices and payments, have several individuals and entities involved, and extend over months of time. Due to the complexity and lack of transparency of our current supply chains, there is interest in how blockchains might transform the supply chain and logistics industry.
While the most prominent use of blockchain is in the cryptocurrency, Bitcoin, the reality is that blockchain essentially a distributed, digital ledger has many applications and can be used for any exchange, agreements/contracts, tracking and, of course, payment. Since every transaction is recorded on a block and across multiple copies of the ledger that are distributed over many nodes (computers), it is highly transparent. It’s also highly secure since every block links to the one before it and after it. There is not one central authority over the blockchain, and it’s extremely efficient and scalable. Ultimately, blockchain can increase the efficiency and transparency of supply chains and positively impact everything from warehousing to delivery to payment. Chain of command is essential for many things, and blockchain has the chain of command built in."
With that being said, StreamPay uses blockchain smart contract technology to trace raw materials to finished goods. The solution manages and monitors the supply chain and quality assurance to reduce risk and manage sustainability.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is STREAMPAY?
As depicted above and as indicated on the official StreamPay website, 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 on 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.
In addition, 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.
The Aim
The project aims to provide reliable contracts and distribute distributed accounting books to make articles executed in intellectual contracts.
The StreamPay Features and Tools
Ability to monitor supplier performance
Ability to integrate information from disparate legacy systems
Ability to analyze supplier risk-related performance
A customized, dynamic risk model that automatically calculates the risk of any supplier and alerts relevant staff members if a supplier moves to a higher risk category.
Reduced response time for risk-related incidents through alerts via SMS and email
Ability to analyze risk-related metrics by type, supplier, location, time, or any other variable collected
A streamlining of the entire audit and certification process
Sales and customer relationship management
Collection of customer data (e.g., applications, scope, number of employees)
Price quoting/proposals based on required days, rates, scope, or complexity
Audit scheduling (auto-schedules surveillance per the proper cycle)
Auditor assignments (matches auditor industry codes with customers)
Electronic audits via laptops/handhelds and on-site report writing
The processing of non-conformance, corrective actions, appeals, and complaints
Certification and re-certification management
Certificate generation and the tracking of expiration dates
Financial modules for customer invoicing and the creation of accounts payable records for auditor expenses
Post-audit surveys to assess customer satisfaction
Powerful information dashboards and reporting tools
Immediate availability of important information across the organization
Assistance in quickly identifying new trends and areas needing attention
Facilitation of the prioritization of necessary actions to be taken
Management of certification body compliance to ISO Guide 62, 65, and 66 and ISO 17021 and 17065
Post-audit certification, registration, invoices, and other results on a website
Acceptance and processing of customer requests via an online portal
Processing of online payments for services rendered
Why StreamPay Uses Blockchain Technology to Manage Smart Contracts?
Smart contracts are the backbone of enterprises. Blockchain technology will have important implications when it comes to contract management. Blockchain is becoming an area of interest to design new distributed ledger technologies.
Contract management helps with contracts that are self-enforcing or self-executing. Blockchain’s role in the contract is to replace the third party required to resolve legal disputes. Known as “smart properties” or “colored coins,” tokens can be used to represent any asset, from stocks to cars. The ability to hard-code transfer of ownership when trading these assets can potentially create “unbreakable” contracts.
How does the Blockchain transaction tracking system work?
Thanks to smart contracts and chain based blocks, technology users can also check traffic in the supply chain in real time. It will also manage payment processing on behalf of users, thus offering them an worry-free experience in the supply chain process.StreamPay has a global payment and tracking system, and they also implement blockchain technology in managing intellectual contracts. This system can be accessed through consumer smartphones and all forms of payment and currency around the world. The system is synchronized with the user's electronic wallet, 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.
What the StreamPay project has to offer us:
Currency own token STPY.
The absence of a third party (intermediary).
Ability to track the product since the first time thanks to QR code.
Reduce the possibility of fraud and identity theft.
Accelerate the process of delivery of finished products or services.
Full transparency and security of all processes.
Use your own Visa or MasterCard debit card.
Advantages of StreamPay
Improve supply chain
The fact that the platform allows users to track supply chain processes from when raw materials are purchased until processed into finished products, users can identify components in the supply chain that can be altered to improve supply chain processes. The process is faster
Using StreamPay blockchain technology can identify the parties in the supply chain that slow down the process. Thus, allowing companies to get rid of those parties and add new parties that can accelerate this process.
Reduce risk
Through the StreamPay transfer service, users can transfer money to other users without risk of volatility and fraud risk, as platforms eliminate risks on the platform and implement measures to ensure fraudulent user detection.
StreamPay Mobile Wallet App
When users log in to the StreamPay app, the feature screen is displayed as shown above. The QR code will be scanned to automate the release of the payment. After successful payment transfer, the user will receive SENT and RECEIVED notifications. Users will be able to download an application that will allow them to check the history of their accounts and how much they have received or sent. StreamPay clearly shows how it works; the supply chain management looks like the above screen. When a user successfully transfers funds, then that pop-up window that will appear.
Token Sale and ICO Details
The token sale starts on 1st September 2018, at StreamPay.io. 50,000,000 STPY tokens will be distributed during the token sale period. Pre-sale starts 30th June 2018. The Last day of the token sale is 31st January 2019. The price is set at the rate of 1 STPY token per $1.00 USD. Ethereum will be used to purchase in the tokens.
Parameters Of The ICO
Token symbol: STPY
Token Price: 1 STPY = 1.00 USD
Accepted Payment Method: ETH
Standard Token: Ethereum
Soft Cap: 100,000 USD
Hard Cap: 50,000,000 USD
Token Distribution
Fund Allocation
ROADMAP
MEET THE AMAZING TEAM
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website: https://streampay.io
Whitepaper: https://www.streampay.io/Portals/27/Skins/StreamPay/StreamPay-White-Paper-ICO_version2.pdf
Facebook: https: //www.facebook.com / streampayou
Twitter: https://twitter.com/StreamPayICO
Telegram: https://t.me/officialstreampay
Medium : https://medium.com/@StreamPay
Author: Cryptoholical
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.
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