GhostPayroll

Problem Statement

This project introduces a payroll system built on the Intmax network, a blockchain platform designed for secure and private transactions. The system enables employee payments using USDC, with full encryption to ensure that neither the payment amount nor the recipient's identity is revealed, providing maximum confidentiality.ObjectivesComplete Privacy: Ensure payment amounts and destinations remain hidden using Intmax’s advanced encryption.Security: Leverage blockchain for tamper-proof, verifiable transactions.Scalability: Create a system adaptable to organizations of all sizes.Key FeaturesFully Encrypted USDC Payments: Utilize Zero-Knowledge Proofs (ZKP) and Intmax’s privacy protocols to conceal payment amounts and recipient details for all USDC transactions.Intmax Network Integration: Process USDC payments securely and efficiently with minimal fees, maintaining full privacy.User-Friendly Interface: Offer a secure, accessible platform for employers to manage payroll.BenefitsAbsolute Confidentiality: Neither USDC payment amounts nor destinations are traceable, ensuring employee privacy.Operational Efficiency: Automation reduces processing time and errors.Trust and Security: Blockchain ensures transparent, secure, and immutable payment records.Versatility: Scalable for small businesses to large enterprises.

Solution

The payroll system is a web-based application with a user-friendly front-end that enables employers to assign salaries to employees and execute payments. It leverages the Intmax network in the background to process fully encrypted USDC payments, ensuring that neither the payment amount nor the recipient’s identity is revealed.