It is no news anymore that the world has grown into each other with boundaries being removed each day and transactions done with more ease or should I say the need for transactions to be done has increased thereby resulting in an increase in the supply chain. The need for companies to maximize profit is eminent in as much as we have to do business with people that are far away from where we are stationed or our businesses are, there is a need for us to do so cost-effectively.
Companies are looking for ways to better manage their logistics processes, transportation, inventory management, and quality assurance.
We all at one point or the other have lost valuables to situations that arise from the supply chain, here is what I mean, and we must have lost goods, damaged or gotten goods in deplorable conditions as a result of these logistics and inventory.
This model reduces dwell time (time that finished goods are idle and provide no value).
In this age, information is key more so when they are delivered timely because this holds the key to mitigating some of this supply chain bottlenecks. A typical example is dealing with and sending money, say am in Estonia today and I need a gadget from China or say Singapore, you and I can imagine the stress I will have to go through and the currency changes as well as banks turning me down, that is to mention but a few of these bottlenecks.
The global supply chain requires a global payment solution that is fully integrated into the supply chain risk monitoring solution.
Solution beckons.
Well, one of the greatest asset we may have likely have if and only if we would use it is the blockchain. Its versatility is top notch.
StreamPay is a blockchain based enterprise that helps to monitor supply chain risk and payment tracking solution that uses blockchain smart contracts to manage suppliers and finished goods.
StreamPay technology keeps distributed ledgers to create articles to insert into smart contracts so supply chain manufacturers, suppliers, vendors, logistics companies, and customers can track goods and services from the raw materials to the finished product using QR codes and digital signatures.
All parties involved in a form of trade that requires supply and subsequent monitoring of the supplied items really need to get his project right and buy into it from vendors to the big guys in the business. The users are offered Debit cards that are more like having your bank with you and with the decentralized system it is pretty easy to make transactions as well as determine if your goods are exposed in any way to any form of risk from which mitigating procedures can be launched.
Utilizing StreamPay is as easy as using a credit or debit card. As part of the payment solution, users receive a debit card linked to their account. Parties to smart contracts can set terms to determine when payments should be released. The tracking of the goods using QR codes automates the process of releasing payment. In addition, StreamPay manages the volatility in the price of cryptocurrencies, which is shared with users, and the contract with the merchant is blocked to provide consumers with stable exchange rates. The merchant will thus save money on credit card processing fees.
You cant imagine the number of fraud that can be curtailed even before they happen with this technology.
The web platform already has hundreds of users issuing audits, monitoring their supply chains, and assessing risk.
To view a demo of StreamPay please visit https://app.streampay.io
The STPY token is based on the decentralized Ethereum market-standard smart contract ERC20 token.
For more info visit: https://streampay.io