Development of a Blockchain-Based High-Throughput Digital Payments Platform

The client, operating in the financial services sector, requires a blockchain-powered remittance solution capable of supporting high transaction volumes with low latency and affordable fees. The existing Ethereum-based system lacks flexibility for updates, has limited transaction throughput (10-30 TPS), slow confirmation times, and variable transaction costs up to $0.10 during peak network congestion, restricting the ability to meet client demands for rapid and cost-effective international payments.

A medium to large financial institution seeking to facilitate global digital payments via blockchain technology with high speed, scalability, and low fees.

• Design and implement a scalable blockchain network capable of processing approximately 3,000 transactions per second.
• Reduce transaction costs to less than $0.0001 per transaction, with fee structures handling user-to-user transactions efficiently.
• Construct a user-friendly web wallet, decentralized application (DApp), and mobile application (Android) for seamless user interactions, including token transfers, investment claims, and fiat-to-crypto exchanges.
• Build a smart economy system with configurable fee structures, user roles, and complex interactions to support diverse use cases.
• Leverage open-source blockchain forks to accelerate development, ensuring flexibility and expandability of the network.
• Deploy the solution on cloud infrastructure, ensuring high availability, security, and scalability.
• Facilitate rapid deployment and iterative testing through phased development and continuous client feedback.

• Customizable blockchain network fork with configurable coin parameters, rewards, and transaction history.
• Smart economy framework managing user interactions, fee structures, and referral rewards.
• Proof of Concept (PoC) for core transaction logic enabling early validation of functionality.
• A scalable mainnet infrastructure supporting approximately 3,000 TPS, stress-tested for stability under load.
• Web wallet and mobile app interfaces for wallets, tokens, and investment claiming, with secure private key storage and backup options.
• Integration of fiat gateways enabling deposit and withdrawal of fiat currency in exchange for stablecoins.
• Implementation of a decentralized application's core features to enable blockchain-backed currency transfers.

• Fiat currency gateways for fiat-to-crypto exchange
• Wallet management services for private key security and backups
• Payment processing gateways for fiat deposits and withdrawals
• Notification and security services for transaction verification

• Transaction throughput of approximately 3,000 TPS
• Average transaction confirmation time under a few seconds
• Transaction costs less than $0.0001 per transaction
• System uptime and availability of 99.9%+
• Robust security measures for user data and private keys
• Network stress tests to ensure stability under peak loads

The project aims to deliver a high-performance blockchain remittance system that significantly reduces transaction costs and confirmation times, enabling instant international digital payments. Expected outcomes include a transaction capacity of around 3,000 TPS, costs below $0.0001 per transaction, and a scalable infrastructure supporting rapid growth. This will enhance user experience, expand market reach, and position the client as an innovative leader in global digital payments, similar to previous success metrics in transaction volume, speed, and cost reduction.