This is a submission for the Build Better on Stellar: Smart Contract Challenge : Build a dApp
What I Built
We build SoroFlow - A B2B SaaS Application for Payrolls and Automated Payments on the Stellar Ecosystem.
This platform focuses on enterprise payments between companies, organisations, projects and their team members or employees.
Organisations can create Payroll, scheduled transactions, distribute funds to multiple people at once, etc with a lot of additional features like Invoice management, etc.
Demo
My Code
GitHub Repositories -
Journey
We believe one thing that stops Web3 adoption at mass level is business level transactions, much of the progress in crypto adoption in the past decade has been due to its usage on personal level.
For crypto and web3 to go truly global, we need more and more businesses to adopt Web3 and unlike normal transactions, business transactions are mostly automated and executed in a batch.
Most of the Web3 projects don't focus on businesses and we felt we could feel this gap with our project.
Additional Prize Categories: Super Sustainable
Traditional banking services used by companies for payrolls and other payments takes up substantial human and energy resources.
It is not uncommon for traditional MNCs to have around 1Lakh+ employees, that accounts for over million transactions each year. This consumes a lot of energy and resources while also costs money to businesses.
On Stellar, you could process 2000 transactions with 1 XLM token, as of writing this, that's $50 for a million transactions, thus, much more resource friendly than traditional banking, thanks to Stellar Network.
This not only saves money for the businesses but also energy and human resources which can we diverted for more important causes, thus is sustainable for all the parties involved.
Team Submissions:
- Shlok Jagtap
- Swapnil Shinde (@atmegabuzz)
- Sahil Wasnik
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