STREAMPAY - Supply Chain Risk Monitoring and Payment Tracking Solution Using Blockchain smart contract technology to trace raw materials to finished goods

Cryptographic tokens and cryptocurrency undoubtedly became what they world needed to solve real life issues as regards payment in businesses and other areas.
Blockchain has become a hallmark for ‘trust economy’. Effectively, it is lifeblood for supply chain. The blockchain technology offers decentralised way to record digital moments which is designed the be secure, transparent, robust, auditable, and efficient. Which is in a way perfect for supply chain management.
Supply chain effectiveness depends on traceability a lot. And blockchain can become a way out there. The decentralized approach of blockchain makes the records it contains highly traceable.
It is extremely handy when it comes to preventing changes in the product details. Blockchain allows eliminating costly intermediaries and makes the data accessible and easy-to-control at every single moment. In our world today numerous supporters, investors from different field of professions and businesses around the world have embraced new technological innovation which has helped reshape the world. Basically the rise of cryptocurrency and subsequent attention brought to blockchain technology has prompted nearly every industry to evaluate the benefits of integrating the technology into their operations One firm at the forefront of this innovation is STREAMPAY 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.

ABOUT STREAMPAY

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.

They have developed a platform that 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 project aims to provide reliable contracts and distribute distributed accounting books to make articles executed in intellectual contracts.

Problems StreamPay Seeks to Solve

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.
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).

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.

SOLUTIONS PROVIDED

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. 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.

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.

The StreamPay debit card enables vendors and consumers to purchase products from any party they want, even outside of the StreamPay network.

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.

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.

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

TEAM

For more information, please visit the links i have provided below;

Website: https://streampay.io
Whitepaper: https://www.streampay.io/Portals/27/Skins/StreamPay/StreamPay-White-Paper-ICO_version2.pdf
ANN: https://bitcointalk.org/index.php?topic=4554555.msg41020244#msg41020244
Facebook: https: //www.facebook.com / streampayou
Twitter: https://twitter.com/StreamPayICO
Telegram: https://t.me/officialstreampay
Medium : https://medium.com/@StreamPay

Author: BrainerdPaul
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409