🚀 Introduction

Franchain is a blockchain-based solution designed to bring trust, transparency, and timely payments to the franchise business model. By storing agreements on-chain and automating payments via smart contracts, Franchain ensures that both franchisors and franchisees receive their fair share without disputes or delays.

Deployed Link : view on explorer

🎯 Problem Statement

In traditional franchise businesses, several issues arise:

• Lack of Trust: Business owners and franchisees often face disputes due to unverifiable agreements.

• No Transparency: Payment flows are opaque, leading to mismanagement and fraud.

• Delayed Payments: Franchisors and franchisees struggle with untimely revenue distribution.

  
  

✅ Solution

Franchain leverages blockchain technology to solve these problems:

1. On-Chain Agreements: Franchise contracts are stored immutably on the Solana blockchain.
2. Automated Payments: A Vault PDA (Program Derived Address) automatically distributes USDT to franchisors and franchisees without requiring manual signatures.
3. Full Transparency: Every transaction is publicly recorded on-chain, eliminating disputes and trust issues.
4. Smart Contract-Based Revenue Sharing: Payments are triggered via a scheduled cron job, ensuring timely payouts.

🛠️ Tech Stack

• Blockchain: Solana
• Smart Contracts: Anchor Framework and Rust
• Testing : Mocha
• Payments: USDT (Solana SPL Token)

🔗 How It Works

1. Multisig creation - Franchisor creates a multisig first which when signed by the franchisee too get executed.
2. Agreement and vault PDA - After the execution , it will create two PDA's (Program Derived Address) which will store the agreement data and balance respectively.
3. Vault PDA - The vault PDA will be responsible for the transfer of the collected money from the users to the business owners.
4. Cron JOB - For timely payment , we will be using cron job which will transfer their share into their wallets

🔥 Features

• Immutable On-Chain Agreements
• Automated Payment Distribution
• No Manual Signatures Required
• Tamper-Proof Financial Records

📌 Roadmap

• ✅ MVP Development
• ✅ Smart Contract & PDA Implementation
• ✅ Testing & Audit
• 🔲 Frontend and CRON JOB setup.

🤝 Contributing

Contributions are welcome! If you’d like to collaborate, please open an issue or submit a pull request.

📩 Contact

For any queries or collaborations, feel free to reach out:

• Twitter: @shibu0x

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