Request Network

What is Request Network?

Request Network is a protocol designed to store payment requests, addressing the core problem of the lack of context in blockchain transactions. It provides solutions for enhancing financial transparency and unlocking various use cases.

Key Features of Request Network

• Contextual Transactions:Solves the core problem of blockchain transactions lacking context for why transactions occurred.
• Financial Data Decentralization:Breaks down silos of financial data, enabling everyone to own their financial data.
• Use Case Enablement:Unlocks unprecedented financial use cases through secure and privacy-conscious protocols.
• On-Chain Financial Activity:Stores business-critical financial information on-chain, allowing for compliance, privacy, and income-backed services.

Use Cases of Request Network

• Automatic Auditing:Enables automatic and real-time auditing of financial transactions on-chain.
• Secure Payments:Facilitates secure, fast, and easy transfers through payment applications.
• Invoice and Billing Integration:Benefits invoicing applications with easy integration for automatic audits and tax reports.
• Risk Assessment and Credit Scores:Provides detailed financial data for risk assessment, credit scoring, and reputation services.
• Lending and Insurance Integration: Integrates with lenders and insurance providers for new financial services data.

Request Finance is built on the Request Network as their core AR-AP solution. Read how to choose the best crypto AR/AP software?