Polygon Selected For Integration On Web3 Franklin

Another Web3 financial application has gone live on Polygon smart contracts, this one with a novel use case. Franklin’s blockchain-based payroll software has launched in the beta testing phase.

Franklin has released its open beta version for testing on the Polygon network, enabling companies and organizations with blockchain-based payment instruments.

Its team said on November 4 that this platform was selected as the technological foundation for fresh development because of its speed, affordability, and sturdy architecture.

The platform is looking for companies and Web3 developers to participate in its beta testing program. The platform allows cash payments in addition to cryptocurrency rewards.

Franklin markets itself as the only automated payroll solution that uses digital assets and is governed by American law. In the B2B market, it simplifies payments to employees and contractors, generates and completes tax returns, and does other things.

Project Guardian, a program backed by the Monetary Authority of Singapore (MAS), oversaw the experiment. Sandeep Nailwal, a co-founder of Polygon, emphasized that the prospects made possible by its second-layer scaler zkEVM should be given credit for the interest in his platform.

As Coincu reported recently, Polygon has collaborated with Meta’s Instagram to help users mint and sell NFT on its platform.

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