Request Network

What is Request Network?

Request Network is a **blockchain-based payment request and invoicing protocol** built on Ethereum and IPFS. It tackles a persistent issue in blockchain transactions—the absence of contextual data—by attaching structured invoices and metadata to payment flows. This enables businesses to manage and reconcile payments more efficiently and transparently through automation and auditability :contentReference[oaicite:1]{index=1}.

The protocol supports **contextual transactions**: any transfer can include details like invoice number, payer, due date, and payment terms. This metadata remains associated with the transaction, empowering deeper financial clarity and bookkeeping integrity :contentReference[oaicite:2]{index=2}. :contentReference[oaicite:3]{index=3} :contentReference[oaicite:4]{index=4}.

Modular architecture is a core strength. The Request Gateway and SDK (JavaScript, Node.js, mobile) abstract complexities—like gas, identity, and storage—so developers can integrate invoicing seamlessly into apps, websites, or platforms :contentReference[oaicite:5]{index=5}. :contentReference[oaicite:6]{index=6} :contentReference[oaicite:7]{index=7}.

Request Network supports **diverse business use cases**:

• **Automated auditing**: Real-time verification and immutability support compliance and financial transparency :contentReference[oaicite:8]{index=8}.
• **Invoice and billing integration**: Developers can embed structured payment requests into invoicing platforms, creating streamlined accounting workflows :contentReference[oaicite:9]{index=9}.
• **Payments and remittances**: Users can request and settle payments globally with rich metadata, cutting intermediaries :contentReference[oaicite:10]{index=10}.
• **Credit scoring and risk**: Financial platforms can access standardized transaction history to support risk evaluation and credit services :contentReference[oaicite:11]{index=11}.

Integration with Cryptoworth

When integrated with Cryptoworth, Request Network data populates an automated subledger, enabling precise accounting workflows:

• Payment request creation—including invoice metadata
• Payment reception and settlement events
• Status changes and fee payments in native tokens or gas tokens
• Multi-chain reconciliation: ETH, BTC, fiat integrations via payment processors

Cryptoworth converts these into structured journal entries—assigning cost basis, revenue recognition, and reconciliation tags—ready for export into QuickBooks, NetSuite, or ERP systems. This ensures **audit‑ready transaction records with invoice-level context**, ideal for finance teams and accounts receivable workflows.

Frequently Asked Questions

How does Request Network enhance transparency in payments?

By embedding structured invoice data—like amount, meta, and payee—into blockchain transactions, Request Network ensures every payment includes context. Cryptoworth captures this metadata and maps it to subledger entries, enhancing clarity for audits and financial reconciliation. Learn more in our Crypto Accounting Software guide.

Can I reconcile payments across multiple asset types?

Yes. With Request Network’s payment processors, invoices can be settled in BTC, ETH, fiat, or others. Cryptoworth ingests all inbound transactions, aligns them with the original request, calculates exchange-rate impacts, and outputs fully reconciled journal entries. See our Crypto Audit pillar for workflows.

Does Cryptoworth support auto-generated invoicing and batch payments?

Absolutely. The protocol’s gateway supports REST APIs for batch creation and payment tracking. Cryptoworth picks up request lifecycles—from creation through settlement—producing matched payment and receivable entries. These exports fit neatly into ERPs via our Accounts Receivable Automation Software flow.