LeapFrog

Skip the credit card. Pay Direct, Pay Fast.

Comment

Too much bureaucracy in corporate expense management.

Connects enterprises directly with their vendors. Employees no longer need to collect receipts and wait for reimbursement.

How we built it

• We formed an awesome global team from Russia, China, Taiwan, India and Dominican Republican with complementary skills • We leveraged IBM Design Thinking approach to brainstorm ideas, prioritize and narrow focus on solving the pain points in Corporate vendor payments process • We divided and conquered using an agile approach maximizing each team member's skills; we categorized the solution built in 3 sprints to generate MVP, then built out value added features • We used Microsoft Azure to run our blockchain • We used Quorum for permission private blockchain

Challenges we ran into

• Narrowing down the scope of the solution from B2B general payments to Travel and Entertainment expenses and then to the actual vendor payments • Defining the actual terms of the smart contracts, finding the balance of demonstrable and the real world complexity • Crafting the precise user journey and the preset requirements and executing in a way within the time constraints

Accomplishments that we're proud of

• Great diversity and team collaboration on complementary skills • First time using Quorum for the entire team

  • Private blockchain establishment

What we learned

• Further deepen our knowledge in the B2B Payments space for key players and industry reports

  • Refreshed our Design Thinking skills applying it in a swift format

What's next for Leapfrog

• Enhance the smart contacts through building multiple suppliers under different scenarios on the smart contracts use cases • Design the implementation steps for vendors, PoS set up and backend integration
Process the off-chain payments between the companies and vendors based on the Ethereum Tokens

Built With

Share this project:

Updates