PrepayWay - A new era in international business

in #steemit5 years ago

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It is an indisputable important fact how important people are in relation to business relationships with each other. In this relationship, there is a buyer who sells it, while it is a trading mechanism created by the global market. And we should not think that this market is only among individuals, and we should include huge giants of companies that are probably trillions of dollars in billions of dollars. Such situations absolutely do not matter how limited the transactions are in these business relationships.

While all participants are in contact with each other for some of the issues that arise in this matter, they have formed trade agreements with various reports so that the parties can fulfill the obligations that fall on it. But these results don't end as planned, unlike what was intended, everyone has no intention of being true. Combined with a return to this, failure to fulfil obligations naturally leads to negative consequences. This results in deferred disputes received for weeks or even months to resolve exceeding the number. This is generally not surprised by financial losses and other problems in operating costs. While the solution to these problems is not effective, it is far from transparent.

There is a project that will help to solve the complexity caused by these problems! This is nothing but the "PrepayWay" that I will tell you today...

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How to use Blockchain?

Blockchain technology can easily resolve the entire slow and manual process of international transactions.

Blockchain can guarantee the complete security of the contract, as well as not to rely on intermediaries such as "letters of credit", a payment mechanism used in international trade, which is now widely used as a safer and more reliable method.

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About the PrepayWay project.

PrepayWay AG, located in Switzerland, is developing an ecosystem that facilitates international transactions, hiring and payments for companies in various sectors.

The PrepayWay ecosystem facilitates the creation and signing of contracts through the blockchain, reducing all the bureaucracy and costs associated with hiring third parties to perform this process.

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The principle of the PrepayWay ecosystem.

The blockchain is responsible for encrypting the data of the contract after signature of both parties using a smart contract. In order for the contract to be activated, you must pay a fee that can be done both in the prepayway utility token and in Fiat money.

After the contract is concluded, the evidence is confirmed by the smart contract to ensure that both parties have fulfilled the contract, then the contract is executed and the funds are released. In the event of a breach of contract between one party, the funds are frozen until both parties reach agreement through the dispute resolution service.

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Benefits of the PrepayWay ecosystem:

Global scope;
The transaction rate;
Cost saving;
Convenience;
Security and transparency;
Versatility;

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Dispute resolution.

PrepayWay AG offers a dispute resolution service known as SmartArb (international Institute of intellectual mediation and arbitration). SmartArb includes several certified professionals in the field of international mediation and arbitration.

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About the token:

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Project team:

Having many it professionals, legal and business experts, the team PrepayWay entirely devoted to the creation of ecosystem that facilitates safe, rapid, and transparent business transactions while reducing transactional costs.

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Advisors:

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Project road map:

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Conclusion:

International transactions would be much faster and cheaper if they were automated, and blockchain technology is by far the most efficient and secure solution to this process. Menapay aims to increase the cost of the project in a short time, which will reduce the volume of circulation due to the return of tokens to the market. The ecosystem developed by PrepayWay AG is complete and well-structured, capable of handling a large volume of contracts simultaneously, and in the near future may replace the traditional transaction methods currently used by world trade.

Thank you for attention!
All useful links can be found below:

Website: https://prepayway.com
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/
YOUTUBE: https://www.youtube.com/channel/UCX80MuRwz65Z6SbRyDkMILQ/videos
INSTAGRAM: https://www.instagram.com/prepayway/
WEIBO: https://www.weibo.com/prepayway

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★MY BITCOINTALK USERNAME: tomson777
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