⭐ Smart Contracts
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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.