PayChainPayRoll
Smart payroll system on blockchain — send & receive PTT with full control.
PayChainPayroll: A Decentralized Payroll System on Pharos Devnet
Abstract
PayChainPayroll is a lightweight, decentralized payroll application built on the Pharos Devnet. It provides a transparent, secure, and efficient way for Web3 projects to pay contributors in PPT tokens. This white paper outlines the motivation, architecture, features, and advantages of PayChainPayroll as a blockchain-native payroll solution designed for modern decentralized teams.
1. Introduction
As Web3 ecosystems grow, teams increasingly rely on remote contributors and freelancers. Traditional payroll systems do not suit decentralized environments—they involve intermediaries, require trust, and lack transparency. PayChainPayroll addresses this gap by offering an open, trustless payroll system where payments are executed and recorded on-chain using smart contracts and Pharos’ native token, PPT.
2. The Problem
Lack of transparency: Contributors have limited insight into payment schedules or confirmations.
Delayed payments: Manual processes often result in inconsistent or late transactions.
Centralized risks: Dependence on a single entity creates bottlenecks and trust issues.
Inefficiency: Traditional platforms are expensive, slow, and not built for token-based economies.
3. Solution: PayChainPayroll
PayChainPayroll is a smart contract-based system where:
Project owners deposit PPT into a contract.
Contributors are paid directly via smart contract calls.
Events are logged immutably for accountability.
The platform remains non-custodial and decentralized.
It eliminates intermediaries and minimizes administrative burden by automating payments and maintaining full on-chain transparency.
4. Features
PPT-Based Transfers: Native token support for the Pharos Devnet.
Event Logs: All transactions are recorded as smart contract events.
Withdraw Function: Project owners can withdraw unused funds securely.
Frontend UI: Simple and elegant interface built with React and TailwindCSS.
Deployable on Devnet: Ideal for MVPs, hackathons, and low-fee testing environments.
5. Architecture
Smart Contracts: Written in Solidity, handling fund transfer, access control, and logging.
Frontend: Built in React.js, connected using ethers.js for seamless blockchain interaction.
Deployment: Hosted on Vercel and deployed to the Pharos Devnet for fast execution and low transaction cost.
6. Advantages
Transparency: Every payment is traceable on-chain.
Security: Funds cannot be accessed except by contract logic.
Cost-Efficiency: Minimal fees due to Pharos’ fast and cheap network.
Simplicity: No need for complex backends, off-chain logic, or multisigs.
Accessibility: Freelancers can verify their payments directly without intermediaries.
7. Use Cases
DAOs paying part-time contributors
Web3 startups compensating team members
Hackathon projects distributing rewards
Grant programs releasing milestone-based funding
8. Roadmap
✅ Phase 1: MVP Deployment on Pharos Devnet
⏳ Phase 2: Multi-token support and multi-wallet batch payments
🔜 Phase 3: Payroll scheduling and recurring payments
🔜 Phase 4: DAO integration and permissionless contract generation
9. Conclusion
PayChainPayroll is a step forward in decentralized finance infrastructure. By streamlining payment processes for Web3 teams, it empowers contributors and project leaders to collaborate transparently, securely, and efficiently. Built for the future of work, PayChainPayroll brings trustless payroll to the heart of blockchain innovation.
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