Presentation Link -- https://drive.google.com/file/d/11accpbE62GA2qb1LHo8cRi4zPdo6jC7b/view?usp=drivesdk
Demo Link -- COMING SOON !!!!!
SolEarn is a decentralized crypto payroll application built on Solana blockchain that allows businesses to pay their employees in cryptocurrencies. SolEarn provides a fast and secure way to conduct transactions with low fees. This documentation provides a comprehensive overview of the solution, its MVP, interaction, architecture, and future improvements.
SolEarn simplifies the process of paying employees in cryptocurrencies. With SolEarn, businesses can create employee accounts and conduct transactions without intermediaries such as banks or payment processors. SolEarn's smart contract technology manages employee accounts and processes payments securely and transparently. The Minimum Viable Product (MVP) of SolEarn includes the following features:1. Employee account creation: Businesses and Organiation can create accounts for their employees.
2. Payment processing: Businesses can initiate payments to their employees' accounts.
3. Personal/freelance Account creation: Freelancers and employees can create accounts to generate invoice and receive payment.
Functionality: SolEarn offers a comprehensive and streamlined payroll system that allows businesses to manage employee payments and offers employees the option to receive their pay in cryptocurrencies. The platform's functionality is intuitive and efficient, making it a valuable tool for businesses looking to streamline their payroll processes.
Potential Impact: SolEarn's potential impact is significant, as it offers a unique solution to many of the challenges faced by traditional payroll systems. By leveraging cryptocurrencies, businesses can offer their employees a more secure, efficient, and flexible way to receive their pay. This can help to increase employee satisfaction and retention while also reducing the administrative burden on businesses.
Novelty: The use of cryptocurrencies in payroll systems is still a relatively new concept, making SolEarn a novel and innovative solution. The combination of React and Rust also provides a unique approach to building a web application and smart contract.
UX: SolEarn's user experience is clean, modern, and easy to use. The platform's dashboard is intuitive, and its features are easily accessible. The use of React has helped to optimize performance and speed, providing users with a seamless and efficient experience.
Business Plan: SolEarn's business plan is not available, but it has the potential to generate revenue by charging businesses a fee for using the platform. Additionally, the platform could offer premium features or additional services to generate additional revenue streams.
SolEarn's future improvements include:1. Automated tax withholding: SolEarn will be enhanced to automatically withhold taxes from employee payments and remit them to the relevant tax authorities.
2. Improved user interface: SolEarn's user interface will be enhanced to provide a more intuitive and user-friendly experience for businesses and employees.
3. Advanced analytics: SolEarn will be enhanced to provide advanced analytics and reporting capabilities, such as payroll summaries and expense tracking.
4. Integration with financial services providers: SolEarn will be enhanced to integrate with financial services providers to provide more robust payroll and financial management features.