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The GRAFT Blockchain project, which aims to create a decentralized and alternative payment network such as a credit card for all types of payment (including, but not limited to, cryptocurrencies), has big plans for 2019.
GRAFT (sollobal Real-time Authorizations e Funds TRansfers) is the world's first decentralized payment network, which uses a two-level privacy blockchain to create a reliable ecosystem of service providers, participants and users that work as an alternative to traditional centralized payment networks.
2018 was very productive, with the publication of the project of the first versions of the main network components of the first level, including:
- Top-level Blockchain Node (mainnet)
- Proxy Supernode (mainnet)
- Full Supernode (testnet)
- Mobile wallet (mainnet)
- Mobile POS (mainnet)
2019 will be an exciting year of progress for GRAFT with an extensive development roadmap, which includes the release of operational features related to the main use cases of the store on the mainnet. These exciting versions will become the basis of the GRAFT platform, allowing virtually anyone to participate in the creation of an alternative, people-based payment network and include the following:
- Full Supernode (beta on testnet and mainnet)
- BigCommerce plugin
- Update for the Verifone terminal application
- Portfolio and POS updated
- Payment gateway for a commercial service provider
- Reference exchange broker (BTC, ETH, other altcoins)
- Smart card software
- New version of CryptoFind
In addition, the project team plans to release emulators and simulators for various components of the network to allow testing.
With a central group of developers who lead the project and with an involved community of reviewers, programmers, early adopters and testers, the GRAFT project works together to build a secure and cutting-edge platform that will promote the Open Payment initiative. Decentralized Network.
While there are many payment networks established in the world, including those in the traditional payment card processing system, the centralization of these solutions creates an imbalance of power that is ultimately disadvantageous for businesses and consumers who have become part of these networks for currency transactions. Initially, GRAFT should be beneficial for those who are underbanked (or depleted), as well as high risk traders who are facing disproportionately high transaction fees from traditional payment processing companies. However, since the GRAFT network will have lower transaction costs, strict privacy controls (based on the CryptoNote protocol) and the ability to create loyalty rewards programs based on automated blockchains, the GRAFT platform and its ecosystem should challenge centralized payment processors on the whole line as a new generation point of sale payment solution, adaptable to the needs of the market.
A decentralized payment platform like GRAFT will allow open and free trade without the intervention of central banks, monopolized payment card networks and / or governments, initiating a new generation of economic opportunities by providing all means to participate in the network of payments. Through the use of distributed supernodes, The ambitious goal of the platform is to "Uberize" the payment space, where participants are encouraged to perform automated payment network functions, including real-time authorizations, exchanges, fault-tolerant gateways, services of commercial service providers, etc.
For more information on GRAFT and its blockchain technology at the decentralized point of sale, visit http://www.graft.network.
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