The Problem Formicary Solves

Many industries such as the Event Production industry rely on trusted skilled professionals to accomplish time sensitive projects. Traditionally, event organizers relied on labor coordinators to fulfill their labor pool needs. While often cumbersome, there is room for massive innovation to make the process more efficient and transparent, reducing overall costs and increasing economic impact.

Issues are prevalent, such as finding and training talent, consistency in job opportunities, and late payments which ultimately some companies become insolvent.

How Formicary Solves These Problems

Trust & Reputation

Formicary replaces word-of-mouth referrals with cryptographically verified attestations. Event organizers can now discover skilled crew members with proven track records, while professionals build portable, verifiable reputations that follow them across events and organizations.

Secure, Timely Payments

Our blockchain-based escrow system eliminates payment uncertainty. Funds are secured in smart contracts before work begins, with milestone-based releases ensuring crew members get paid promptly upon completion. This prevents the cash flow issues that frequently lead to insolvency in the industry.

Talent Discovery & Retention

The web of trust network enables organizers to find qualified professionals through trusted connections. Crew members gain visibility to consistent work opportunities based on their skills and reputation, reducing downtime between projects.

Reduced Intermediary Costs

By connecting organizers directly with crew members through a decentralized platform, Formicary eliminates excessive fees charged by traditional labor coordinators. The savings benefit both parties while maintaining quality assurance through the attestation system.

Transparent Record-Keeping

All transactions and work history are immutably recorded, creating clarity for tax purposes, portfolio building, and dispu

User Interaction & Data Flow

Organizer Journey

1. Onboarding

• Register with email or wallet address
• Complete profile with organization details
• Connect wallet for payments

2. Event Creation

• Create event with details, dates, budget
• System generates smart contract escrow
• Funds are transferred to escrow contract
• Crew requirements defined with skill tags

3. Crew Discovery & Hiring

• Search directly or browse trusted crew
• View crew profiles with attestations
• Evaluate crew trust score via TrustGraph™
• Send work offers with specific roles & rates

4. Event Management

• Track crew acceptance and preparations
• Monitor milestone completions
• Approve fund releases from escrow
• Rate and attest to crew performance

Crew Member Journey

1. Onboarding

• Register and create skill-focused profile
• Connect wallet for receiving payments
• Import existing work history

2. Work Discovery

• Receive direct offers from organizers
• Browse open event positions
• Apply to relevant opportunities
• Accept offers to join event crew

3. Work & Payment

• Track milestone requirements
• Submit completion evidence
• Receive automatic payments when approved
• Build reputation through completed work

Key Interaction Points

1. Wallet Integration

   • MetaMask popup for connection requests
   • Transaction approval for escrow funding
   • Signature requests for attestations

2. Payment Flow

   • Organizer funds escrow via Coinbase or direct crypto
   • Smart contract holds funds in trust
   • Milestones trigger conditional releases
   • Crew members receive payments to their wallets

3. Trust Building

   • Every completed job generates attestation
   • Skills verified through cryptographic proof
   • Trust score calculated from verified history
   • Network connections increase discovery potential

This architecture creates a seamless experience where blockchain complexity is abstracted away.

The platform solves the trust problem in event management by combining blockchain-secured payments with a decentralized reputation system, creating reliable connections between organizers and crew while ensuring fair compensation.

Architecture

• Frontend: React 18, TypeScript, Chakra UI, React Router, Context API
• Web3: Viem/Wagmi for blockchain interactions
• Backend: RESTful API architecture with JWT authentication

Core Functionality

User Management

• Role-based access (Organizers/Crew)
• Profile management & authentication

Event Management

• Event creation & editing
• Crew assignment & budget tracking

Blockchain Payments

• Secure escrow contracts
• MetaMask wallet integration
• Coinbase Onramp

Web of Trust

• Decentralized reputation system
• Attestations with verification
• Trust graph for connections
• On-chain work history

Development Process

1. Setup: Project scaffolding, component library
2. Core Features: Auth, dashboard, events, profiles
3. Web3 integration: Wallet connection, transactions
4. Trust Network: Attestations, verification

Key Components

• OnchainKitProvider: Web3 connections manager
• TrustGraph: Visualizes trust relationships
• ErrorBoundaries: For resilient UI rendering
• Custom Hooks: For wallet integration
• Responsive Design: Mobile-first approach

Implementation Highlights

• Secure escrow system protects both parties
• Web of trust enables finding trusted crew
• Real-time transaction status monitoring
• Cryptographic attestations for reputation
• Modular component architecture for scalability

Blockchain & Web3 Integrations

Viem/Wagmi

• Purpose: Core Web3 interaction layer
• Implementation: Custom

  OnchainKitProvider

  wraps Wagmi hooks for wallet connections, transaction signing, and blockchain interactions
• Benefits: Simplified state management for blockchain connections and transactions with error resilience

MetaMask and Injected Wallets

• Purpose: User wallet connectivity
• Implementation: Integrated through Wagmi's connector system enabling seamless wallet connection for transactions
• Benefits: Industry-standard wallet interface familiar to crypto users

Payment Processing

Coinbase Commerce API

• Purpose: Fiat on/off ramp and payment processing
• Implementation:

  createCharge

  function enables USD-to-crypto conversion for organizers unfamiliar with cryptocurrency
• Benefits: Reduces friction for non-crypto users while maintaining blockchain benefits

Web of Trust credentials

Ethereum Attestation Service (EAS)

• Purpose: Core infrastructure for verifiable attestations about crew skills and performance
• Implementation: Integrated with our graph to create, verify, and query on-chain attestations

Key Differentiators & Uniqueness of Formicary

Dual-Layer Trust System

Formicary uniquely combines blockchain secured payments with a web of trust network. This creates verifiable reputation records while ensuring fair compensation through smart contract escrow - solving the trust problem endemic to event production.

Event Specific Platform

Unlike general freelance platforms (Upwork, Fiverr), Formicary addresses the specific challenges of event production where timing and reliability are critical. Our integrated approach combines crew discovery, verification, and payments in one specialized platform.

Cryptographic Attestations

We replace subjective ratings with cryptographically signed credentials verifying skills and completed work. This creates immutable professional records that follow crew members across events and organizations.

Fiat Crypto Bridge

Formicary bridges traditional finance and blockchain through Coinbase Commerce integration, allowing users unfamiliar with crypto to benefit from blockchain security without the typical learning curve.

Industry Problem Solving

Developed with event professionals facing actual trust and payment challenges, Formicary addresses verified pain points where reputation and reliable payment are critical to successful production.

Technical Innovations

• Ai trust graph algorithm for discovering reliable crew through attestations and network connections
• Smart milestone contracts that automate payment releases based on verifiable completion on events.

Used Claude Sonnet