Introduction
From the centuries we humans have developed the social collaboration. The collaboration helps us to make developments in every sphere of our life and society. In the ancient times trade is the general form of collaboration between two societies that produce different portfolios of goods. And this has continued till today with the same prosperity. Business collaborations are expanding from countries to countries across the globe.
But everything is not so sweet as it seems, business collaborations and bigger expansion comes with a greater responsibility and challenges. Collaboration is the hot word in the business world. Some of the common problems in the business collaboration are given below:
• the more the people collaborate, the less time they have for individual work. Hardest work requires intense focus and interactions are often disruptions to long periods of intense focus.
• Within a collaborative environment, people don't contribute evenly. And this leads to further lopsidedness between the workers.
• it is acceptable fact that people disproportionately contribute to collaborative efforts within the business or company.
• people feel pressured to say yes to every collaborative effort that comes their way. That's why disputes arise within the work environment.
In order to continue the workflow of trade collaboration, business participants make contracts. Contacts are the legal agreements which binds the duties of both parties. Since there is a billion dollar flow of money between these market participants. Trust is the key factor which plays an important role in fulfilling each contract participants obligations. But the today's businesses run on traditional technology which takes weeks to solve the disputes which cause major losses to both contract participants. And the non transparency in the dispute resolution will display the biased result.
But now thanks to a team of professionals who have identified this problem and committed to provide a solution through revolutionary blockchain technology implementation by creating a platform called PrepayWay.
Project objective
The main aim of the PrepayWay project is to create a blockchain technology powered decentralized system which solves the present business problems and makes a transparent and trusted business trade collaborations between the participants. The project team wants to transform the trade collaborations between real estate participants to international commercial trades.
Principle of operation
In order to improve the trust between the business participants companies and industries are need to implement Prepayway blockchain. Prepayway blockchain is easily adoptable in every type of business workflow across the globe. In order to simplify every business operation the prepayway has deployed smart contract templates. These contact templates are easily customizable to suite every type of business model. It is worth to note that these smart contacts templates are designed and developed by industry experts and legal advisors. These smart contracts are completely follow every countries legal frameworks.
One of the main factor to notice that, these smart contract templates are programmed according to the business participant's contact agreement. These contract templates are available in participants own language. The blockchain and decentralization brings transparency and the immutable nature helps to trust completely on these smart contracts. Even after this if any dispute arises, the smart contract dispute resolving helps to solve them within a short period of time without bearing any losses.
Prepayway provides licensed escrow and payment gateways to execute payment transactions transparently at faster rate with less cost. The prepayway uses it's own internal token called Inbit. These tokens helps facilitate instant cross border transactions without any restrictions. The blockchain helps to eliminate third party intermediaries from the business workflow. This helps to optimize the cost of the business products.
Token structure
• Token ticker: Inbit
• Total tokens: 12.763.636.364
• Blockchain Platform: ERC20
• Tokens available for sale: 650 million
• Token price: 0.01 EUR
Team
Conclusion
It is worth to note that projects like PrepayWay are on the path to provide solutions to market participants through revolutionary blockchain technology. Thus they can solve the related problems innovatively by implementing smart contracts. This not only increase trust and transparency but also helps to resolve disputes in minutes. PrepayWay uses the significant properties of blockchain to provide efficient and effective tools for all participants to utilise and maximize their profits.
Finally I would suggest you to read the official whitpepaper of the project for more details. This project needs much public attention and I wish all the best for this great project.
Learn more about PrepayWay:
Website: https://prepayway.com
Read Whitepaper: https://prepayway.com/PrepayWay_Blockchain_Ecosystem_Whitepaper_V1.1.pdf
ANN thread: https://bitcointalk.org/index.php?topic=5065060.0
Telegram: https://telegram.me/prepaywaychat
Facebook: https://www.facebook.com/PrepayWay/
Twitter: https://twitter.com/PrepayWay
Medium: https://medium.com/@prepayway
LinkedIn: https://www.linkedin.com/company/prepayway/
Instagram: https://www.instagram.com/prepayway/
Weibo: https://www.weibo.com/prepayway
About Author:
Bitcointalk username: Abhijeetcg
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