PayZoll
Decentralized payroll protocol that automates global employee payouts in one click, ensuring speed & transparency.
Videos
Description
Our decentralized payroll protocol is a blockchain-based solution designed to revolutionize the way businesses handle employee payouts. Traditional payroll systems are plagued by inefficiencies, high transaction costs, and delays, especially for global workforces. Our protocol addresses these challenges by leveraging smart contracts to automate salary disbursements based on predefined rules, ensuring timely and error-free payments with minimal human intervention.
Key features of our solution include:
- Global Scalability: Pay an entire global workforce in a single transaction, saving time and reducing complexity.
- Transparency and Trust: All transactions are recorded on the blockchain, providing an immutable and auditable ledger for payroll activities.
- Cost Efficiency: By eliminating intermediaries and leveraging blockchain technology, we significantly reduce transaction fees and operational costs.
- Customizable Rules: Employers can set dynamic payment schedules, bonuses, and deductions directly into the smart contract.
- Fiat and Crypto Integration: Our protocol supports both cryptocurrency and fiat payouts, bridging the gap between traditional and decentralized financial systems.
With our payroll protocol, businesses can streamline their payroll operations, foster trust among employees, and embrace the future of decentralized finance.
Progress During Hackathon
We created smart contracts to handle dynamic payments, bonuses, and deductions, ensuring transparency and efficiency. By integrating Mantle, we enabled low-cost, scalable transactions with support for both fiat & cryptocurrency payouts. We built an intuitive dashboard for employers to manage payroll and execute global payouts with one click, while employees can track payments in real-time. After extensive testing, we delivered a working prototype with the “Quick Pay” i.e. Pay All Employees feature. Our future plans include fiat integration, advanced analytics, and expanded blockchain support.