Izdanje Srbija
Serbische Ausgabe
Izdanje BiH
Izdanje Crna Gora
News
Source:
Netokracija |
Monday,
14.02.2022.|
11:18
LinkedIn
Email
Copy linkStreamflow Finance – New web3 Startup from Serbia Which Distributes Money and Tokens
The decentralized blockchain system allows for a wide application in technology, but also other industries. One of the big advantages is its security in transactions, which, thanks to the Solana blockchain, was used by Malisa Stanojevic to found the startup Streamflow Finance.
Although it may seem at first sight that the entire blockchain system and web3 technology are unwieldy and complex, the solutions they offer can fully change the processes of payment, transactions, companies’ operations, but also the distribution of value (money or tokens) online. In this case, we’re talking about token streaming and group payments through the Solana protocol, which Streamflow Finance is based on.
Malisa says that Streamflow Finance has been his only focus in the past nine months since he and his friend applied for the Hackathon contest in order to test the way the new technology works. He reveals that they wanted to see how Solana, the fastest and cheapest blockchain, with a huge bandwidth, worked, while also making something useful in the crypto world – something that has nothing to do with trading or speculation, but solves the real problems people are facing.
– In only three to four weeks, the two of us managed to “assemble” an MVP of something that’s called stream payment in English. It’s a financial primitive enabled by the programmable blockchain, and it represents money as a function of time. In other words – money flows – Malisa explains.
Their presentation at the Hackathon didn’t draw a lot of attention. They had created a financial primitive, but no one cared. Malisa has an illustrative analogy, explaining that what they had made was a “brick”, and what people wanted to see were houses, buildings, schools, finished products:
– Still, during the summer I did some market research, talked to the founders of various crypto projects, potential investors, traders, other developers, read endlessly and found an application and a product-market fit, so I formed a small team and we applied for a new contest in September. This time it was a success. We ended up among the to 1% of the projects (of more than 5,000 applications). Our solution is a platform that enables the distribution of value (money or tokens) in an efficient and effective way – he says.
This service gas a great potential for growth in the web3 industry, considering that it offers an advanced fintech solution based on the blockchain technology.
Although it may seem at first sight that the entire blockchain system and web3 technology are unwieldy and complex, the solutions they offer can fully change the processes of payment, transactions, companies’ operations, but also the distribution of value (money or tokens) online. In this case, we’re talking about token streaming and group payments through the Solana protocol, which Streamflow Finance is based on.
Malisa says that Streamflow Finance has been his only focus in the past nine months since he and his friend applied for the Hackathon contest in order to test the way the new technology works. He reveals that they wanted to see how Solana, the fastest and cheapest blockchain, with a huge bandwidth, worked, while also making something useful in the crypto world – something that has nothing to do with trading or speculation, but solves the real problems people are facing.
– In only three to four weeks, the two of us managed to “assemble” an MVP of something that’s called stream payment in English. It’s a financial primitive enabled by the programmable blockchain, and it represents money as a function of time. In other words – money flows – Malisa explains.
Their presentation at the Hackathon didn’t draw a lot of attention. They had created a financial primitive, but no one cared. Malisa has an illustrative analogy, explaining that what they had made was a “brick”, and what people wanted to see were houses, buildings, schools, finished products:
– Still, during the summer I did some market research, talked to the founders of various crypto projects, potential investors, traders, other developers, read endlessly and found an application and a product-market fit, so I formed a small team and we applied for a new contest in September. This time it was a success. We ended up among the to 1% of the projects (of more than 5,000 applications). Our solution is a platform that enables the distribution of value (money or tokens) in an efficient and effective way – he says.
This service gas a great potential for growth in the web3 industry, considering that it offers an advanced fintech solution based on the blockchain technology.
Only logged-in users can comment.
