Raymond Qu, co-founder of PolyFlow, has shared his thoughts on how to build a decentralized infrastructure that supports real-time payments at scale. PolyFlow has been recognized as one of the first protocols designed to build PayFi’s financial infrastructure. PolyFlow rose from the core concepts of financial transactions: Information Flow and Fund Flow.
The company aims to establish a new financial paradigm and industry standard by creating a decentralized infrastructure integrating traditional payments, blockchain-based payments, and DeFi. The two key products introduced by PolyFlow are Payment ID (PID) and Payment Liquidity Pool (PLP). PID is a digital asset wallet that can hold various types of data, including cash, NFTs, and IDs.
PLP, on the other hand, consolidates fund flows, solving unaddressed issues in the blockchain space. PolyFlow has developed a new settlement model for blockchain-based payments by building consensus around fund flows. This model addresses the current technology’s inability to handle transaction-by-transaction accounting and increases the efficiency of the entire Web3 industry, promoting real mass adoption.
