What is CanPass?

CanPass™ enables anyone to quickly create and deploy sophisticated Smart Payment Contracts (SPC) to the blockchain without any previous coding experience. CanPass supports cryptocurrency payments and allows for the remittance of funds between multiple parties, wallets, and other smart contracts based upon terms defined in a Smart Payment Contract (SPC.)

CanPass™ is for business, banks, government, and other organizations who want to transparently verify payments, share data, and disburse revenue in real-time. With no software installation or coding skills needed, the CanPass™ dApp enables the user to create sophisticated payment smart contracts and deploy them to the blockchain. 

CanPass is a software solution developed by Cangea that enables anyone to quickly create and deploy sophisticated Smart Payment Contracts (SPC) to the blockchain without any previous coding experience. CanPass supports cryptocurrency payments and allows for the remittance of funds between multiple parties, wallets, and other smart contracts based upon terms defined in a Smart Payment Contract (SPC.) CanPass allows for real-time data sharing amongst multiple parties ensuring transparent financial transactions.

When creating a contract in CanPass, the user can set specific parameters for their SPC;

  • Enabling/restricting which cryptocurrency to accept
  • Allowing/restricting payments from verified/unverified wallets
  • Disbursing payments to multiple parties, wallets, and other contracts
  • Add as many receiving parties as needed
  • Define the percentage of each payment each receiver is to receive
  • Single use or recurring use SPC

CanPass is a blockchain based application, powered by the Cangea CNG cryptocurrency. Each action in the CanPass platform requires Cangea CNG tokens. In order to deploy a SPC, the user is required to pay a fee in CNG tokens. The cost of creating a Smart Payment Contract and deploying to the blockchain is dynamically calculated and depends on the parameters defined in the contract.