Sablier is a payment streaming application that allows withdrawals of funds between multiple parties in real time or in small time intervals (measured in seconds). Think about consulting work that is paid by the hour. Daily contract workers’ wages or monthly wages are paid in real time while working. Just like we listen to music on NetEase Cloud, we can also process (stream) funds in real time on Sablier!
More blockchain technology and application classification:
Blockchain applicationBlockchain development
Ethernet Square | Fabric | BCOS | cryptography | consensus algorithm | bitcoin | Other chain
Token Economy | Traditional Financial Scenarios | Decentralized Finance | Anti-counterfeiting Traceability | Data Sharing | Trusted Deposit
Decentralized finance:
- A preliminary exploration of MakerDAO
- Introduction to Decentralized Lending Compound Project
- Synthetix, a decentralized derivatives protocol
- Decentralized fund management TokenSets
- Decentralized Lottery PoolTogether
- Decentralized payment and Sablier
- Uniswap of Decentralized Exchange (DEX)
- DYdX of Decentralized Exchange (DEX)
- Decentralized Insurance Nexus Mutual
Streaming payment
There is no need to wait for a fixed period of time (such as once a month or every two weeks) to pay. Instead, make real-time payments within a time period defined and agreed by both parties. With Sablier, payees can receive their wages in real time and withdraw them at any time when needed.
- Sablier can help those who live on basic wages. These people are the most vulnerable to wage arrears. Even a few days in arrears may prevent them from purchasing daily necessities.
- For new employees who work remotely, they need to trust the new employer to pay for the work they do. Streaming payment is especially useful at this time. When signing a contract through Sablier, both parties can confirm that the salary will be paid and verified in real time.
Traditionally, salary is paid monthly or every two weeks, but in some cases, there may be a need for funds at any time, and streaming payments can help us achieve this goal. For example, a salaried employee does not have to wait until the payday to get paid, he can withdraw all the remuneration he has earned so far to deal with emergency situations. In addition, this can also avoid wage arrears. Although employees fully trust their employers, streaming payment guarantees that funds will be fully paid at the end of the cycle!
To give another example, if we provide online consulting services, we charge 100 yuan per hour. At this time, we can pay at the price per minute to ensure that we and our customers can get the corresponding value, and if they try to avoid payment, we It only loses the cost of 1 minute of time. In essence, the "trust" part of online transactions has been transferred from people to immutable codes (blockchains and smart contracts).
Website link: pay.sablier.finance
Recommendation: "How to DeFi"
Original link: Decentralized payment and Sablier