The BlockBolt Payment Protocol is a decentralized, contactless payment ecosystem aimed at transforming the interaction between businesses and consumers through blockchain technology. By integrating interoperability, Internet of Things (IoT) capabilities, a commerce platform, and a user-friendly design, BlockBolt simplifies traditional cryptocurrency payments. This delivers a streamlined, secure, and highly accessible payment infrastructure.
BlockBolt won the Sui x KuCoin Hackathon, and received a grant from the Sui Foundation and DFINITY Foundation, demonstrating its innovation and potential.
Core Products
- Multichain Payment Gateway
- Enables seamless payments across multiple blockchain networks.
- Supports cryptocurrency and fiat (CC and COD), enhancing accessibility for businesses.
- Commerce Platform
- Blockbolt has designed an easy-to-use eCommerce website framework that is comparable to Shopify. This platform enables vendors to create and manage their online stores from their dashboards without coding knowledge.
- IoT Device – SoundBox
- Introducing the BlockBolt SoundBox, a compact and convenient speaker that provides real-time audio payment verification for every crypto payment received via BlockBolt QR Code.
- POS System
- Blockbolt has developed a straightforward POS system that can process cryptocurrency payments. This basic version is compatible with every Android POS and Swipe machine. With a unified inventory system, merchants can effortlessly monitor sales across all channels.
- Invoice Management
- Generate and process invoices with cryptocurrency payment options for B2B and retail businesses.
Technical Architecture
The technical architecture of BlockBolt is built on the IC blockchain. The project will deploy smart contracts on the Internet Computer network to manage the conversion and transfer processes.
Merchant SDK Information Architecture
Wallet SDK Information Architecture
Merchant User Flow Diagram
Customer User Flow Diagram
Automated Process and Security:
Our program enables the payment by acting as a middle layer between the wallet and the merchant IC address. It identifies the payment, uses the smart contract to transfer funds using the IC network, and ensures lower fees and instant settlements for both the merchant and the user. The payment process will include a ‘Scan and Pay’ method.
Our payment system operates using a unique approach:
The Merchant and Wallet processes work independently without being directly connected for payment verification. Our protocol ensures that payment verification occurs solely on the blockchain without the need for any intermediary. It establishes a direct link between the merchant/wallet and the blockchain.
Our “Scan and Pay” feature is designed to enhance security by preventing wallet drain. User can conveniently make payments without connecting their wallet; all they need to do is scan the QR code and proceed with the payment.
In-store Purchase Demo for Game and dAPP : BlockBolt Checkout
Proposed Solution > Blockbolt Payment Demo on NNS (ICP)
Blockbolt Protocol Features
- Entirely decentralized process
- IoT Device Support - POS and SoundBox
- Mobile wallet payment
- Fully customizable
- Simplified, secured, and tempered proof payment process
- Fast payment verification
- Blockchain verified transaction
- Easy DeFi smart contract integration
- Support tokens on the IC Network
- Support multiple blockchains
- Pay via QR Code (User do not need to connect their wallet to the website for payment. It prevents phishing and wallet drain incidents.)
On 15 Sep 2023, BlockBolt’s innovative payment protocol was demonstrated at a dedicated kiosk in Sui Builder House, Singapore. Over 250 orders processed smoothly!
NEXT
We are excited to share that we will be unveiling a series of use cases showcasing the Blockbolt payment protocol in conjunction with the IC Network. These examples will illustrate the diverse applications and capabilities of our innovative payment solution, demonstrating how it can enhance transactions and streamline processes across various industries. Stay tuned for detailed insights!
If you have any questions, please contact us at support@blockbolt.io or send a message on the Discord server BlockBolt
OFFICIAL INFORMATION
- Website: https://blockbolt.io/
- Twitter: x.com
- Discord: BlockBolt
- Email: support@blockbolt.io