AUTOMATED CRYPTO MICROPAYMENTS

FOR YOUR PRIVATE BLOCKCHAIN NETWORK!

AUTOMATED CRYPTO MICROPAYMENTS

FOR YOUR PRIVATE BLOCKCHAIN NETWORK!

WHAT IS IT?

BARTER is a blockchain framework built on top of Hyperledger Fabric, Dash, Bitcoin and VizLore’s ChainRider service. It is a micro-payment enabler service that can be exploited to support a range of use-cases that need a secure and scalable M2M micro-payment solution, specifically designed for the IoT.

HOW IT CAME TO BE ?

At the moment there are no standardized payment solutions for performing micro-transactions in IoT ecosystems. The traditional payment systems are not suitable for IoT micro- payments. That is true due to three facts: transaction costs are high, transaction speed is low, and there are no automated payment solutions. Together these three enablers would empower more sophisticated business models and novel services in the IoT domain.

HOW IT CAME TO BE?

HOW CAN YOU
USE IT?

If you have a use case or a business process with a payment workflow and want to make it cheap, fast and completely digital, without any 3rd parties involved, BARTER is the optimal solution. You can use BARTER to create custom, automated day-to-day payment workflows for your business processes, with payment notifications.

BENEFITS?

BARTER is a completely digital micro-payment service and does not involve banks or credit cards. By using Dash cryptocurrency, BARTER achieves a light transaction cost of approx. 4 cents and the transaction confirmation time is 1-3 seconds.