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README.md

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Logo

Description

PayClosur is an innovative fintech project that provides a secure and reliable platform for online payments and transactions. Our use of smart contracts and escrow services ensures the security and transparency of all transactions, protecting both buyers and sellers from fraud and misrepresentation. With PayClosur, you can transfer money with complete confidence and enjoy a hassle-free online payment experience.

Problem

In today's digital landscape, online payments have become increasingly prevalent. However, many users are still wary of making payments online due to concerns about fraud and security.

Solution

PayClosur addresses these concerns by providing a secure and reliable platform for online payments and transactions. The use of smart contracts and an escrow service ensures the security and transparency of all transactions, giving users peace of mind when making payments online.

Flow Diagram

Flow

Benefits

  • More secure, efficient, and transparent payment system
  • Increased trust and confidence in the payment system
  • Increased participation and revenue in various sectors and use cases

Technologies Used

  • Ethereum blockchain
  • React.js frontend framework
  • Solidity
  • Smart Contracts
  • Metamask Integration
  • Truffle framework
  • Hardhat
  • Google Cloud Platform (GCP) for deployment, Cloud Storage for storing user details, pub/sub for notification services and hosting

Use Cases

  • Auctions: Facilitate online auctions securely and transparently.
  • Escrow funds: Manage escrow funds with greater security and transparency.
  • Charity funds: Manage charity funds transparently and provide donors with confidence.
  • Real estate: Facilitate real estate transactions with greater security and transparency.
  • Healthcare: Manage healthcare payments, including insurance claims and reimbursements, with greater efficiency and transparency.
  • Supply chain management: Manage payments along the supply chain transparently and efficiently.
  • Education: Manage payments for educational expenses, including tuition fees and scholarships, with greater transparency and efficiency.
  • Government services: Manage payments for government services, including taxes, fines, and fees, with greater efficiency and transparency.

Future Deliverables:

  • Adding UPI Payment Integration: PayClosur aims to make online payments and transactions more accessible and convenient for users. As part of our commitment to improving our platform, we plan to integrate UPI payment functionality into our existing blockchain payment system. This will allow users to transfer money quickly and easily using their UPI accounts, while still benefiting from the security and transparency of our blockchain-based system.

  • Continuous Improvement: We are committed to providing the best possible user experience on our platform. To this end, we will continue to improve and optimize PayClosur's functionality and performance. We will listen closely to user feedback and suggestions, and use this information to guide our development efforts.

  • Integration with Other Platforms: In the future, we plan to integrate PayClosur with other online platforms and services, to make it even more convenient and accessible for our users. This may include integration with popular e-commerce platforms, social media platforms, and other online marketplaces. By expanding our reach and integration, we hope to provide users with a seamless and hassle-free payment experience, no matter where they are or what they are buying.

Conclusion

With PayClosur, users can transfer money with complete confidence and enjoy a hassle-free online payment experience. Our platform is designed to be user-friendly and accessible to anyone, regardless of their technical expertise.

Installation

  • Clone the repository: git clone https://github.com/tknishh/payclosur.git
  • Install dependencies: npm install/ npm i
  • Build the project: npm run build
  • Start the server: npm run dev
  • ..