GRAFT. A Decentralized Crypto Payment System
GRAFT
GRAFT is a decentralized platform based on the blockchain that will allow merchants the possibility of selling their products in cryptocurrencies, in a simple and fast way; without having to change its infrastructure. This is achieved with the implementation of the RTA protocol (authorization in real time), as can be seen in the following image, the process is performed by the supernodes that make up the network. They are chosen randomly and will be responsible for authorizing the purchase process in suggestions, while then processing or writing the transaction in the blockchain.
To achieve the exchange of cryptocurrencies, this is where service brokers come in, as you can see in the image. These are chosen by the merchant.
All this process is transparent to the client and the merchant. GRAFT also allows users to keep their privacy using the CryptoNote protocol.
GRAFT allows the merchants to make use of conventional marketing strategies at no extra cost, by giving them the opportunity to create loyalty rewards, gift cards, discount coupons and store credits for its customers.
But it also holds certain information of both the client and the merchant, in order to prevent the customer from buying items prohibited by the laws of the governments where the GRAFT system is operating (weapons, drugs, alcoholic beverages in case of the customer is a minor ); and on the other hand, as mentioned at the beginning, merchant information to determine that they do not sell stolen or illicit items. It also has a reputation system, used for these cases.
Obviously, this is a great advantage for customers, since they can use their digital wallets to buy any items, such as food, medicine, etc; anywhere in the world where the GRAFT network is used. Regardless of the type of cryptocurrency they have, users can purchase what they want. Expanding in this way the clientele and the income of the merchants.
GRAFT FLYER
The following is a flyer made by me. Where you can see the benefits of the GRAFT network from the point of view of the merchant (on the right) and customers (on the left)
The images are taken from Pexels.com. The sources of the images are the following:
https://www.pexels.com/photo/come-in-we-re-awesome-sign-1051747/
https://www.pexels.com/photo/chef-holding-white-tea-cup-887827/
Anexes
Video Introduction
Payments type comparison
Source
Team
More Information about GRAFT
- GRAFT
- GRAFT Medium
- GRAFT Twitter
- GRAFT Reddit
- GRAFT BTCTalk
- GRAFT Facebook
- GRAFT YouTube
- GRAFT WhitePaper
My Instagram Link
https://www.instagram.com/p/BlY40vrABoc/?utm_source=ig_web_copy_link
If you want to participate in this contest, go to:
https://steemit.com/graphics/@mediaworks/260-steem-graphics-design-contest-graft
graftgraphic2018
¡Buena Suerte Jadams!
Muchas gracias Andres!
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hi @jadams2k18
Graft seem to be one of those projects which can bring more adoption into crypto market.
Great piece of work. As always! Good luck with the contest.
Yours, Piotr
It could be a great solution for all of us who like to buy stuff with crypto some day
nice catch. did not know graft took made legal considerations
Thanks! The documentation indicates that GRAFT takes into account some legal aspects depending on the laws of the country, corresponding to what the customer can buy and what the seller can sell.
Thanks for your comment.