Silkpay

Basic Information

• Project name：SilkPay

• smart contract repository: https://github.com/TecSong/SilkPay

• smart contract deploy:

  • bnb chain testnet: SilkArbitrator 0x6a5d75E3dAf97aF3D689657Cb884e30f8F88fa06 SilkPayV1 0x9B32575506321b5c2d68bdA2Dc0F29b56DE0c387

Vision and Mission

SilkPay is a payment protocol, which aims to solve problems in various payment scenarios on the basis of low cost and high efficiency solutions, including prepayment, regular payment, and credit payment. We also introduce an arbitration mechanism to resolve payment disputes, and we will also use zk technology to protect privacy during payment and arbitration in the future.

Advantages

• Uniqueness:
  • We create a universal platform for advance payment, arbitration and split payment.
  • Embedded Zero Knowledge proof tools to make sure court evidence upon submission is kept secret.
  • During voting, we also keep all onchain users anonymous by using ZK technology.
• Efficiency:
  • By using pre-payment protocols, we bundle up transactions into batches to save gas fees.
• Security:
  • We set the payment amount and whitelist receivers ahead of time before the payment is triggered, to prevent loss of funds.

How it works

• 

Application Scenario

• payments in DAOs, such as the payment of remuneration
• payments in hackathons, such as designating the winner among the contestants and paying out the prize money
• and so on

Functions completed during hackathon delivery

• Complete the logic of pre-payment
• Complete the logic of the arbitration mechanism
• suport ERC20 token payment
• Implement the logic for spliting bills

Further Improvements

• **Support batch payment
• Use ZK technology to protect the privacy of payment and arbitration

See More

• video demo:
• project deck: