Request Network Request Network

Request Network

Created using Figma
Created using Figma
A decentralized network for payment requests on Ethereum.
Oct 13, 2017
Oct 17, 2017
100% completed
$33 338 000
100% goal completed
past

About Request Network

Request is a decentralized1 network that allows anyone to request a payment (a Request Invoice)for which the recipient can pay in a secure way. All of the information is stored in a decentralized authentic ledger. This results in cheaper, easier, and more secure payments, and it allows for a wide range of automation possibilities. To become the backbone of world trade, Request integrates a general ledger (in the accounting sense of the term), which is:

  • Universal because it is designed to support 100% of global transactions, regardless of currency, legislation or language. Request is built to last.
  • Smart because unlike an existing standard accounting book, Request is at the origin of the exchanges and integrates a computerized trade code, as well as the management of a multitude of payment terms.

Today, their absence makes the whole system inefficient and absolutely unready for the digital and IoT (Internet Of Things) revolution that is taking place.

Request can be seen as a layer on top of Ethereum, which allows requests for  payments that satisfy a legal framework.It is also possible to see currencies as tools to complete Request transactions. In this sense, Request is more global than any currency.

Features

- The request can be detected and paid in a secure way, without the need to involve a third party settings
- The request is saved on an immutable, authentic ledger, which acts as a unique source of truth for accounting and auditing processes settings
- Request integrates a trade law system and works across every legislation settings
- Request works with every global currency settings
- Request is designed to be flexible, to last hundreds of years, and to work with IoT, whilst being compatible with any future systems.

Technical Info

Technical details:  REQ tokens are ERC20 tokens which are necessary to participate in the network and create advanced Requests. The REQ will be paid as fees to the validators of the Request Network (i.e. can be anyone staking his request tokens) and to the developers of the extension. As an investor the fee that one will receive is proportional to the use of the Request Network. The source code:  The code of the product is not available. Proof of developer:  Public team

Roadmap

  • Q3 2017 Request Pyramid

  • Release final draft of the whitepaper Launch the Request Network website
  • Q4 2017 Request Colossus

  • Token Launch First version of Request working with Ethereum on Test Net Proof of concept : Request Core working with a Bitcoin Oracle Release of the API to create, read and update Requests Release of the technical papers discussing architecture, upgrades, and accounting implementation details
  • Q1 2018 Request Great Wall

  • The first iteration of Request working with Ethereum on Main Net Deploy management of crypto-currencies to Request (ERC20 tokens…) Deploy the web site to create, visualize and interact with Requests Add Request management of accounting concepts such as refund, credit note and purchase orders Working on partnerships with Accounting, Payment and Audit firms Launching the "Pay with Request" project: an online button which will offer an alternative to the traditional "Pay with Paypal" and "Pay with credit card" methods Outside audits of the Request Contracts
  • Q2 2018 Request Stonehenge

  • Proof of concept of Privacy using ZkSnarks Add management of fiat-currencies to Request (USD, EUR, CNY…) Launching the "Request & Transparency" project. We will work with city halls, associations and governments to publish real time information on their budget. Organize discussion groups around Payment Requests with institutions such as Worldbank, IMF, ECB and the UN
  • Read More
  • Q3 2018 Request Colosseum

  • Deploy the Escrow extension to allow the release of funds upon delivery or upon satisfaction of other conditions. Deploy the Tax extension to automatically pay taxes in real time Deploy the Down Payment extension to specify an amount to pay and a specific date on which to process it Deploy the Late Fees extension to specify penalties if a Business is not paid on time. Add a Reputation Offchain layer
  • Q4 2018 & after Request Petra

  • Deploy a governance system (Vote/Token Chat) Launching the "Internet of Things framework" project Deploy inter-currency settlement through REQ token to facilitate international payments Launching the "Continuous Payment" extension, which will act as a Down payment with an infinity of micro payments

Materials

Request Network

Activity

Posts:
61
LOW
Followers:
4 722
MEDIUM
Likes:
4 070
MEDIUM
Rating:
4.70
VERY HIGH
Reviews:
47
LOW
Followers:
41 972
VERY HIGH
Tweets:
237
MEDIUM
Members:
13 531
VERY HIGH
Alexa
Rank:
223 255
HIGH
Delta:
130 183
Year commits:
1 356
Watchers:
182
Stars:
666
Forks:
77
Open issues:
3

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Full Stack Engineer
unverified

Advisors

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Advisor Co-founder at iEx.ec
unverified

Last News

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