StreamPay (STPY)

What is StreamPay

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.

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. It also allows inspectors to issue certifications to suppliers and partners. 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 a worry-free payment experience, and they do not need to buy and sell cryptocurrencies to pay for small items.

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. Parties to smart contracts can set terms to determine when payments should be released. The tracking of the goods using QR codes automates the process of releasing payment. In addition, StreamPay manages the volatility in the price of cryptocurrencies, which is shared with users, and the contract with the merchant is blocked to provide consumers with stable exchange rates. The merchant will thus save money on credit card processing fees.

The StreamPay debit card enables vendors and consumers to purchase products from any party they want, even outside of the StreamPay network. Users of the StreamPay wallet receive deeper payment transaction processing discounts. Additionally, they can transfer their money to other businesses or friends and family in different countries using our StreamPay transfer service.

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. The merchant payment application provides the tracking information provided from the QR codes, and the StreamPay merchant payment application creates a QR code and prints it for placement on the good. As the raw materials are developed into the good, the parties to the transaction can trace the components, allowing them to improve the supply chain process. StreamPay supply chain management using blockchain assistance determines who in the supply chain is slowing down the process. The enterprise can then switch parties and add new parties that can speed up the process.

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. For example, if a steel supplier for an automaker has a change in management, this may increase risk for the steel supply. The risk index then determines whether the effects are negligible or catastrophic. An external influence from a change in government may cause the supply to decrease or the costs to increase, but the risk index can alert users to the severity of the problem and the probability of occurrence.