UNIVERSAL PAYMENT BLOCKCHAIN

GRAFT Network Eco-System

GRAFT Network requires and invites participation from many parties in order to be fully functional on a global level. These network participants are represented both functionally and geographically, as a whole creating a network capable of executing any type of a cashless transaction anywhere, at a minimum cost to the merchant!

REAL TIME AUTHORIZATION PROVIDERS:

Type of a SuperNode required: Full SuperNode

Hardware / Systems Requirement: Minimum hardware requirements include dual core CPU with 8GB RAM. Scaling requirements will be published at a later date. The supernode has to be directly accessible from the Internet (public IP), preferably with low-latency, high speed network connection.

Functionality: Perform real time authorizations

Staking requirement: There are four tiers of supernodes based on the staking amounts, with equal fee distribution among the 4 tiers learn more

Incentive: Supernode owners collect fees for instant authorizations (roughly ⅛ of 0.5% of the transaction amount). See white paper for more details.

Steps: Authorization providers only have to install the Supernode and connect it to the staking wallet(s).


MERCHANT PAYMENT PROCESSING SERVICE PROVIDERS:

Type of a SuperNode required: Merchant Service Providers can either partner with the Proxy SuperNode host or host Proxy or Full SuperNode themselves.

Hardware / Systems Requirement: Merchant Service provider will want to provide a Service Level agreement (SLA) to the merchant and as such should set up a high availability architecture for their SuperNodes.

Functionality: Merchant Service Providers provide important support and “gateway” services for the merchants, handling the set up, maintenance, and guaranteeing uptime for the network.

Staking requirement: Technically, a Merchant Service Provider doesn’t have to stake, however if the service provider chooses to host the Full Supernodes that also do authorizations, they will have staking requirements attached to those.

Incentive: Merchant Service Providers can add their own transaction fees on top of the network fees and/or have separate financial arrangements with the merchant. They can also distribute or lease payment terminals.

Steps: Setup Proxy or Full SuperNode infrastructure (or strike an agreement with the partner who will handle the technical operations part), define the business model (transaction fees, service fees, hardware distribution, etc), select the end-point strategy (payment terminals vs mobile POS/wallet solution), configure the end point to their SuperNode(s) as the gateway.

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EXCHANGE BROKERS

Type of a SuperNode required: Exchange brokers have to run on a Full Supernode.

Hardware / Systems Requirement: Minimum hardware requirements include dual core CPU with 8GB RAM. Scaling requirements will be published at a later date. The supernode has to be directly accessible from the Internet (public IP), preferably with low-latency, high speed network connection. Exchange brokers will most likely want to implement high availability and have a low-latency connection to a high speed network.

Functionality: Exchange brokers provide crypto-currency exchange services to the network. These exchange services are used by the network for in-wallet top-up exchanges as well as merchant proceeds exchanges.

Staking requirement: Because exchange brokers take GRFT off the network before they deposit funds in other currencies to the recipients wallets, exchange brokers stake amount will equal to the limit of how much funds they can process within the funds receipt confirmation window (aka “bond” stake)

Incentive: Exchange brokers stand to gain what will eventually be a high volume of exchanges originating from the network

Steps: Exchange broker has to implement a DAPI exchange service (and tie it to broker’s own API service)


PAY-OUT BROKERS

Type of a SuperNode required: Pay-out brokers have to run on a Full Supernode.

Hardware / Systems Requirement: Minimum hardware requirements include dual core CPU with 8GB RAM. Scaling requirements will be published at a later date. The supernode has to be directly accessible from the Internet (public IP), preferably with low-latency, high speed network connection.

Functionality: Pay-out brokers provide cryptocurrency to fiat exchange services to the network. These exchange services are used by the network to facilitate fiat settlements for the merchants.

Staking requirement: Because pay-out brokers take GRFT off the network before they deposit funds in fiat to the recipients accounts, exchange brokers stake amount will equal to the limit of how much funds they can process within the funds receipt confirmation window.

Incentive: Pay-out brokers stand to gain on a regional volume of crypto to fiat automated transactions originating from the network.

Steps: Pay-out broker will have to install or sign up for a Pay-out service software running on a Proxy Supernode.

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APPLICATION PROVIDERS

Type of a SuperNode required: Applications can run anywhere, but have to connect to a Full Supernode for DAPI.

Hardware / Systems Requirement: Standard application availability / scalability considerations apply

Functionality: Opportunities abound for the application providers – device configuration and management, reporting and distributions, line of business applications, POS systems, integrations, etc, etc.. These applications can be distributed as software to run on Supernodes or be hosted by the developers as SaaS.

Staking requirement: Depending on the nature of an application a “bond” stake may be required to insure the funds that are taking off the network.

Incentive: Application providers are free to choose the business model that suits them – from software licensing including open source, to SaaS, to additional per transaction fees. In addition to supporting the application developers through a powerful distributed API (DAPI), GRAFT Blockchain Foundation is putting together a marketplace and will be awarding seed funds in GRFT to further incentivize application developers.

Steps: Application provider develops an application using DAPI to connect to GRAFT Blockchain and Service Network. Application provider can either include/host Full SuperNode to get access to DAPI, or connect to a available DAPI source.

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MERCHANTS

Type of a SuperNode required: NONE

Hardware / Systems Requirement: Merchants have the following options at their disposal when it comes to enabling GRAFT Network payments at their location: Enable the existing payment terminal they are using (assuming it’s a compatible model) with GRAFT as an alternative payment method. To do this, they would download GRAFT app from the appropriate payment terminal’s marketplace (right now we’re actively working on support for Verifone and Ingenico). This way a merchant can use the same terminal for accepting traditional and crypto payments. Set up a separate terminal specifically for handling cryptocurrency payments. Use GRAFT POS if they don’t already have a POS / payment terminal setup or if they would like to start or shift exclusively to payments through GRAFT network.

Functionality: A merchant is able to start accepting cryptocurrency at their business without having to change processes, software, or retrain their staff. The merchant is further able to keep the funds in cryptocurrency or get instant or intermittent fiat payout.

Staking requirement: No staking is required for the merchant, however there are situations like accepting offline payments that might necessitate running a Supernode with a staking wallet on the point of sale system.

Incentive: The merchant is able to diversify their client base, appealing to crypto-owner demographic. The merchant gains an ability to have single payment processor for multiple locations, both off and online. Finally the merchant can consolidate their reporting, accounting, as well as facilitate fund distribution.

Steps: The merchant would need to contact the Merchant Service Provider to get set up, or they could set themselves up on GRAFT Network by download and running GRAFT POS application or install and configuring GRAFT Payment terminal application (in case of later they would also need to either host their own Proxy supernode or find a proxy Supernode provider)

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REGIONAL BOARDS

GRAFT Network does not have centralized governance, but the at the local levels we believe there should be layers of local activism / oversight to bring the network to full local scope and monitor quality.

These groups are free to establish their own ground rules and processes and their own business models. One such model can be represented by a membership dues organization that certifies and shares best practices among its members, facilitating merchant adoption and providing a support system for the merchant providers.
© 2018 Graft Blockchain
GRAFT Blockchain is an open source, de-centralized, open-platform, non-for-profit, community project with no explicit warranties or support from GRAFT Foundation.