Project Name : GreenPay
Project Track : Web3
Team Name : Greenverse
Team Member(s) : 5
Project Goal :
GreenPay has a vision to help entrepreneurs, business owners and the creative industry by providing a marketplace platform that can bring together buyers and sellers in a cryptocurrency-based payment ecosystem that is fair, anti-fraud and also at a lower cost.
GreenPay believe that one of the key roles of succession crypto currencies industries in the digital age is to facilitate transactions in easy way and serve as a secure payment method with broad acceptance.
Our vision is to make online payments worldwide easy, fast, safe and cheap.
Project Repo : Github
Project Milestones :
Mar 13, 2022: Start of Hackathon, we should already have social media ready and build a community.
Mar 31, 2022: We should have basic designs for one website and service(Payment Gateway Platform).
Brief description of project :
GreenPay platform, which is an open type TRC20/ERC20/BEP20 cryptocurrency payment system, can compete with legacy centralized payment system by resolving the problem that cryptocurrency could not be applied to real life with combination of blockchain technology and network.
The financial service sector uses blockchain’s security, immutability, transparency, and ability to cut out third party or middleman while in commercial service focused on securing data and identity & legitimacy object.
Blockchain concept work just like cryptocurrency in which used a decentralized ledger containing all transactions for every single unit of currency that employ verification based on cryptographic proof, where the various member of the network validates the transactions.
Blockchain also used as Smart contracts that refer to a contract that is automatable and enforceable which have the ability to automate processes and control behaviours.
The application of smart contract can be seen in product manufacturing, supply chain management, vehicle provenance, and sharing resources such as electricity.
