A couple of months ago, I had a discussion with @surfyogi where he talked about Steem as a financial tool. As a young man who is passionate about developing a long term interest on blockchain based technology, particularly the Steem blockchain, I have taken the few weeks after the discussion to learn more on how to use this technology effectively. Steem, with record fastest transaction speeds, has the potential to serve as a financial tool. In the last few days, I have used the services in running the employee payroll at Steemjet community. But now I came across a very big obstacle which must be addressed for Steem to function as a financial tool.  [Image Source](https://www.colourbox.com/vector/business-people-group-leader-get-salary-dollar-stack-vector-13413551) ### The Need For Batch Payment Solution On Steem. In the pass I have used services like [Remita](https://www.remita.net) and others to make batch payment processes to a list of people.  I thought payment on Steem/Steemit was an easy task until I tried to make a bulk transaction of over 200 payments for the Steemjet contest winners. It took roughly 8 full hours to complete payment, was very tiring, prone to errors - therefore a lot of cross checking and breaks in between. It takes roughly a full minute from clicking the transfer button, typing in the data, confirming the inputed data and processing the transaction. Then you return to your wallet page and start all over again, your efficiency dropping with every transaction (worse if you got no coffee close by). This, to me, present a big problem to the effective utilization of Steem as a financial tool. The Steem blockchain is developing and very soon the crowd will pour in. When this happens, some companies/communities will have a large number of employees on the blockchain and will need to make periodic bulk payment to a large number of users on the platform. @dimimp, for instance, have a Spaceforce of over 120 delegates for the Steemjet community. Currently, @WAfrica have a team of over 15 curators and a much larger number of guest authors. With the current plans by @surfyogi in the next couple of months, WAfrica will likely have more than a 150 people/institutions on it's payroll. This will present a very tedious and inconvenience work to whoever will handles it. The solution to this challenge is the inclusion of a batch payment option to the Steem funds transfer interface. This is my suggestion to the developers at Steemit Inc. First, there should be a button for adding transaction. If a user wants to add more than one transaction, he can click to add more options. All a user has to do is fill the data page, click **add** for as much more transactions as he wants to carry out.  After clicking next, you can have a confirmation page to confirm all the transactions before processing it.  Also for a community with a certain set of members, we can have the option to save the names of users for a particular transaction for future transactions. This will be in the form of a payment voucher or payroll list.  So, in further transactions, this saved payment voucher will appear in the history list of processed transactions.  I hope this get to the right people and is addressed so it will make the transaction processes here more user friendly. I believe a Steem has the potential to serve as an effective financial tooI but a few things has to be addressed for it to compete out there in the market. And everyone will be happy  [Image Source](https://www.colourbox.com/vector/business-people-group-leader-get-salary-dollar-stack-vector-13413551)
author | lordjames |
---|---|
permlink | steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution |
category | steem |
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Wow.. @lordjames .. a very thoughtful contribution.. That bulk transfer is an issue that needs an urgent attention.
author | aluyeah |
---|---|
permlink | re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180613t180349760z |
category | steem |
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root_title | "Steem As A Blockchain-Based Payment Platform: The Need For Batch Payment Solution" |
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Honestly, this is very intuitive. And this would aide ease of payouts especially for contest where a certain amount needs to be spread out across so many people. Nice one fam π
author | arutynwa |
---|---|
permlink | re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180614t205339547z |
category | steem |
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God bless you. @biblegateway
author | biblegateway |
---|---|
permlink | re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180613t122448877z |
category | steem |
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Woow, brilliant idea. I believe I will be highly welcome putting into consideration that the system is a developing one.
author | ekeminithomas |
---|---|
permlink | re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180613t145141132z |
category | steem |
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Wow @lordjames it's very very informative update
author | holu |
---|---|
permlink | re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180617t214802805z |
category | steem |
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Thats a very nice innovation to make payment easier on steemit my pilot @lordjames ......hope it would be seen by STEEMIT platform and changes would be made.
author | jayboi |
---|---|
permlink | re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180613t124145821z |
category | steem |
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Now that you talk about it, it really is tedious and takes a lot of time. This is a really good initiative if implemented but just like @sathyasankar said, it could get to the developers if posted through #Utopian.io with the repository requests on Github. Although, I have since stopped posting on Utopian due to the updated stringent rules, I think I may be able to come up with a few persons who are still conversant with the rules to make this request. If approved, it'd really make work easier for you and the many others who need to make bulk payments such as this....
author | julietisrael |
---|---|
permlink | re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180613t131525394z |
category | steem |
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Please link people up. This is something important that could aide the entire steemit community. Thanks for the suggestion.
author | arutynwa |
---|---|
permlink | re-julietisrael-re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180614t205432293z |
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Regards @lordjames Hope all is fine After i've posted the comments i've read thru that one ... with boss etc story ... :-)) Hope you've received my messages Let me know if all it's fine ... and if you've received from me for the school We're happy & more things to come The blog i've created for the school it's not going as i've expected but more things to come from me/us in the Future Blessings Regards PS: Hope that my music didn't said annything weird that bothered you ... anniway ... have a Blessed Day
author | luciannagy |
---|---|
permlink | re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180613t122710554z |
category | steem |
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lordjames | 0 | 41,324,529,409 | 17% | ||
luciannagy | 0 | 50,391,224 | 100% |
Hey @luciannagy I received your support for the school project. I'm happy for you kind contribution. You said you've tried to reach of, you can reply with your mail and I'll send you an email later today. β¦regards.
author | lordjames |
---|---|
permlink | re-luciannagy-re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180613t123505471z |
category | steem |
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luciannagy | 0 | 51,813,564 | 100% |
Yeah @lordjames Happy to hear from you I would like to discuss more things via e-mail I have more ideas At that moment that amount came as i've promised from another blog with the African M'Ganga composition and i was very happy to share it to you for the school in Nigeria Provide me a e-mail adress here or in a private memo if you want and i'll write you Regards brother Have a Blessed Day https://d.tube/#!/c/luciannagy
author | luciannagy |
---|---|
permlink | re-lordjames-re-luciannagy-re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180613t124454810z |
category | steem |
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Greeting to you Sir @lordjames .... I didnβt exchange my steem or SBD In dollars yets .... just 1 month ago I used Steemit .... and since then I have made so many art work for Steemjet .... I hope you have also seen my posts regarding to Steemjet .... I want to be the part of Steemjet community.... I hope after you will see my work you will give me a chance to be the part of Steemjet community.... here is the link of my latest post in which I have repost all my work for Steemjet.... I hope you will see this and if you will like my work then please upvote and accept my request https://steemit.com/steemjet/@mohsinparray123/steemjet-my-entry-for-steemjet-bird-contest-and-my-previous-art-work-on-steemjet-till-now-d692e8697bced
author | mohsinparray123 |
---|---|
permlink | re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180613t135313274z |
category | steem |
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lordjames | 0 | 16,788,090,072 | 7% |
Wow first of all, I say a big weldone to you LordJames for your selfless service. Truth be told, its not a very easy task. Talking about sending steem to different users, I've actually been thinking about it too. Especially now that I started my movie night stuff. I hope @ned and @dan finds something to do about this. More grease to your elbow.
author | oredebby |
---|---|
permlink | re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180613t123819532z |
category | steem |
json_metadata | {"tags":["steem"],"users":["ned","dan"],"app":"steemit/0.1"} |
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root_title | "Steem As A Blockchain-Based Payment Platform: The Need For Batch Payment Solution" |
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lordjames | 0 | 40,033,137,865 | 17% |
Wonderful initiative. Blockchain would solve many real life problems
author | peterakpan |
---|---|
permlink | re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180613t224736412z |
category | steem |
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root_title | "Steem As A Blockchain-Based Payment Platform: The Need For Batch Payment Solution" |
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lordjames | 0 | 55,534,108,787 | 25% |
I think the invention of a more appropriate batch payment will be a good thing cos I you said as steemit is growing and more users are coming in, the need to transfer funds to multiple users will also increase. I hope Ned and Dan do something about this.
author | prechyrukky | ||||||
---|---|---|---|---|---|---|---|
permlink | re-lordjames-2018613t135515611z | ||||||
category | steem | ||||||
json_metadata | {"tags":["steem","development","suggestion","wafrica","steemjet"],"app":"esteem/1.5.1","format":"markdown+html","community":"esteem"} | ||||||
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root_title | "Steem As A Blockchain-Based Payment Platform: The Need For Batch Payment Solution" | ||||||
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| ||||||
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lordjames | 0 | 45,198,704,041 | 19% |
Hai @lordjames, I understand how tedious work you had to undergo for this process. What you are pointing out here is a great idea which will undoubtedly ease a lot of efforts. Why can't you suggest this properly through the #utopian-io by pulling proper requests on GitHub? That way I think this will surely reach the developers behind this. (I think you have time limits. You can easily entrust this task with someone in the communities you are part of!)
author | sathyasankar |
---|---|
permlink | re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180613t124055418z |
category | steem |
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root_title | "Steem As A Blockchain-Based Payment Platform: The Need For Batch Payment Solution" |
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lordjames | 0 | 40,033,137,865 | 17% |
Utopian have made a couple of changes in the last few months that I don't know exactly what's accepted. I have a lot of task on my hand now that it might be days before I find time to go through their rules, so anyone who's familiar with the whole process can pull this through with them.
author | lordjames |
---|---|
permlink | re-sathyasankar-re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180613t124619073z |
category | steem |
json_metadata | {"tags":["steem"],"app":"steemit/0.1"} |
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root_title | "Steem As A Blockchain-Based Payment Platform: The Need For Batch Payment Solution" |
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Yes, everybody is gonna need to save recent transaction options like a template, or in your case multitransaction/ batch list :) Maybe because it's still developing and your reminder comes right on time! Respect to you guys and keep up the good deeds for #SteemJet, @wafrica and whoever you can reach to add up to the whole cause.... Global adoption of STEEM and raising awareness about blockchain technologies ;)
author | trayan |
---|---|
permlink | re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180613t134310441z |
category | steem |
json_metadata | {"tags":["steem","steemjet"],"users":["wafrica"],"app":"steemit/0.1"} |
created | 2018-06-13 13:43:06 |
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root_title | "Steem As A Blockchain-Based Payment Platform: The Need For Batch Payment Solution" |
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net_rshares | 226,099,106,269 |
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surfyogi | 0 | 182,191,793,772 | 10% | ||
lordjames | 0 | 43,907,312,497 | 19% |
>whoever you can reach to add up to the whole cause.... I think my hand is full now with the community I'm running, I don't really plan to pick more community for now.
author | lordjames |
---|---|
permlink | re-trayan-re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180613t142035298z |
category | steem |
json_metadata | {"tags":["steem"],"app":"steemit/0.1"} |
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post_id | 60,591,355 |
net_rshares | 0 |
Thank god @dimimp hired me with the last batch...things are changing... As for the community & the cause it is always good to expand to even broader scale worldwide. We rely on self-sufficiency and auto~management. That's the freedom of blockchain. P2P #STEEMhigh from Bulgaria! :) @trayan
author | trayan |
---|---|
permlink | re-lordjames-re-trayan-re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180613t153351347z |
category | steem |
json_metadata | {"tags":["steem","steemhigh"],"users":["dimimp","trayan"],"app":"steemit/0.1"} |
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root_title | "Steem As A Blockchain-Based Payment Platform: The Need For Batch Payment Solution" |
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Thanks putting this out @lordjames @yensesa team will get a private beta version out for you to test and we can refine it from there and make it open to everyone on steem.
author | yensesa |
---|---|
permlink | re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180614t085118646z |
category | steem |
json_metadata | {"tags":["steem"],"users":["lordjames","yensesa"],"app":"steemit/0.1"} |
created | 2018-06-14 08:51:09 |
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root_title | "Steem As A Blockchain-Based Payment Platform: The Need For Batch Payment Solution" |
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post_id | 60,697,912 |
net_rshares | 251,655,213,487 |
author_curate_reward | "" |
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---|---|---|---|---|---|
ackza | 0 | 4,093,663,610 | 1% | ||
lordjames | 0 | 134,315,053,811 | 61% | ||
yensesa | 0 | 113,246,496,066 | 100% |
I'll communicate this with @surfyogi and see how we can support this.
author | lordjames |
---|---|
permlink | re-yensesa-re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180614t113733134z |
category | steem |
json_metadata | {"tags":["steem"],"users":["surfyogi"],"app":"steemit/0.1"} |
created | 2018-06-14 11:37:42 |
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root_title | "Steem As A Blockchain-Based Payment Platform: The Need For Batch Payment Solution" |
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voter | weight | wgt% | rshares | pct | time |
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ackza | 0 | 4,093,663,610 | 1% |
(I just showed him this post! I love how you have the idea to do BATCH payments ya know thjis is something @steemplus by @stoodkev could make! he already added beneficiary rewards to steemit.com when you install hois chrome extension, so i bet you could have this sort of system too very easily Actually well, if you are him or @armandocat and talanted like them :D Also @blocktrades may actually be able to make this into a feature where you send them for example 10 steem and instead of exchanging it into another coin u select "Batch steem transfer": and ity could send your coin to however many users you want, and it could be free, or could charge a tiny 0.001 or 0.01 fee but if it was free it could instead just have a simple text or small image ad while u do it, ""Batch feature brought to you by lord James " heh anyway i feel like you should get into EOS development lord james! after checking out EOS's Scatter (like metamask but for eos instead of ethereum, but it actually does both eos and ethereum now :D ) EOS may have their tokens avaialble to create before SMTs come out so make sure you do both! we can set up a low inflation token like SMT on steem tht you can give out to people who make African centric posts, especially to reward NON africans outsid eof africa, fopr bringing africa up. u can reward peopel who bring up africa to incentivie peoipel to discuss your own land, and get us to use our brain power to come up with solutions to help alleviate some of the human suffering that we can together help end AND profiut from. People must realize that for all the peopel who are hungry and need jobs, they would DEFINITLEY pay us when we solve that problem for them, they may not have money to pay us YET but when we give them jobs we WILL get them the ability to make money and leverage their laboir online and off, and we can finally MONETIZE the billions of poverty stricken human beings around the world. They are all capable of making money and saving up valuable tokens, every human can be seen as a sort of organic biological money collecting robot and we wnat to create products and services they can use to get somne that money they collect! Thats what I see ALL human consumers around teh woirld as, just lil human ATm machines, like suqerrels colecting acorns, humans stack up money and stores exist like traps to snare some of their money but its mroe about creating valuable products or services these walking human money machnes would liek from us, and i just like this iudea so much man!
author | ackza |
---|---|
permlink | re-lordjames-re-yensesa-re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180616t203717563z |
category | steem |
json_metadata | {"tags":["steem"],"users":["steemplus","stoodkev","armandocat","blocktrades"],"app":"steemit/0.1"} |
created | 2018-06-16 20:37:18 |
last_update | 2018-06-16 20:37:18 |
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root_title | "Steem As A Blockchain-Based Payment Platform: The Need For Batch Payment Solution" |
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voter | weight | wgt% | rshares | pct | time |
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lordjames | 0 | 99,574,130,873 | 42% |
Very very informative post, I back your point, @lordjames if something like this can be introduced, I know it will be more convenient for everyone, though I don't do much transaction this day, but you never can say. Thanks for sharing.
author | youngboss |
---|---|
permlink | re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180614t054847862z |
category | steem |
json_metadata | {"tags":["steem"],"users":["lordjames"],"app":"steemit/0.1"} |
created | 2018-06-14 05:48:54 |
last_update | 2018-06-14 05:48:54 |
depth | 1 |
children | 0 |
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root_title | "Steem As A Blockchain-Based Payment Platform: The Need For Batch Payment Solution" |
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voter | weight | wgt% | rshares | pct | time |
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lordjames | 0 | 98,280,960,342 | 42% |
I must say there is a very wonderful contribution and can tell the stress one will have to go through to finish those transactions without shortcut. I think there is a contribution page on utopia and this will further benefit other community and exchange platforms
author | yungchief |
---|---|
permlink | re-lordjames-steem-as-a-blockchain-based-payment-platform-the-need-for-batch-payment-solution-20180613t125418641z |
category | steem |
json_metadata | {"tags":["steem"],"app":"steemit/0.1"} |
created | 2018-06-13 12:54:24 |
last_update | 2018-06-13 12:54:24 |
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root_title | "Steem As A Blockchain-Based Payment Platform: The Need For Batch Payment Solution" |
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voter | weight | wgt% | rshares | pct | time |
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surfyogi | 0 | 182,191,793,772 | 10% | ||
lordjames | 0 | 45,198,704,041 | 19% |