Utilities such as water, gas, electricity are essential services that play a vital role in our economic and social development. Every adult pays at least one utility bill or the other every month or week as the case may be. The problem is that utility users in the course of paying their utility bills encounter series of problems which makes the experience a not so pleasant one. Customers spend several productive hours queuing up in lines waiting to pay their utility bills while another number run the risk of forgetting to pay their utility bills on time as a result of their tight schedules.

Treon Solution

The blockchain technology has continued to simplify our ways of livelihood ushering in new technological solutions to the numerous problems we encounter daily. Treon is a blockchain based platform built to enable utility consumers around the world to manage and pay their monthly utility bills. The blockchain technology provides consumers with an extra layer of security, ease of use, transparency and Treon aims to incorporate all of them and provide an utility bill payment platform that is safe, secure, transparent, easy to use and rewarding. The Treon platform aims to promote the inclusion of customers whether they fall in the banked or unbanked category. Everyone will enjoy the liberty, convenience and security offered by the Treon platform.

The Treon Platform

Treon has taken time to create a robust platform, a smartphone application, and a wallet that will enable utility consumers to manage their utility services and pay for their usage. Utility providers will be able to connect to the Treon platform, from where customers will be able to pay for the utility services they offer. The Treon platform significantly reduces the hassles and hurdles utility consumers are made to go through when it’s time for them to pay their utility bills. Instead of utility consumers having different applications and payment accounts for the different utility services they use, Treon merges all the different utility providers in a single platform. Customers will only need to install the Treon application from where they can manage their utility subscriptions, payments and more. The mobile application has a notification panel which alerts customers when their utility subscription is due for payment in order to avoid any service suspension as a result of late payment, customers will no longer miss payments. On the other hand, it saves utility providers from issues that may result from inaccurate usage calculation or over billing since usage and billing will be automated by smart contracts with no room for error. Utility providers will also enjoy low transaction fees, incentives and much more.

TXO Tokens

The Blockchain has succeeded in bringing internet users the internet of value, people are now being rewarded for the time and activities they perform on the internet. The Treon Blockchain based ecosystem also has an incentivization model that reward users in TXO tokens when they make a one time payment, or when they use an eco-friendly utility like solar energy. The Treon TXO token is an ERC standard token based on the Ethereum Blockchain, it enables the easy payment of utilities, for top up of wallet, and other transactions that may be permissible in the platform. The TXO tokens is an integral component of the Treon ecosystem.

Conclusion

Treon has finally succeeded in bringing utility users and operators a revolutionary solution to the numerous problems they encounter using and providing utility services. The Treon platform has a huge potential for growth, integrating the incentive model will encourage participation from customers and utility providers.

For More Information

Webiste: http://treon.io/
ANN Thread: https://bitcointalk.org/index.php?topic=3403731.msg35625366
Whitepaper: https://www.treon.io/data/Treon-WhitePaper.pdf
Telegram: https://t.me/TreonOfficial

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