PREPAYWAY - The New Paradigm of International Business

in #blockchain5 years ago

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From the centuries trade relationship were existed and we followed this tradition till now. Trade relationship played an important role in developing people from one another. Even in ancient times Kings were established trade relationships with other kingdoms. And even in 21st century the trade principles are same; people create new products, sell it and someone buys it. This trade relationship chain is still the same as old one. Today new technological innovations provide new tools and techniques to these trade chain characters. Which ultimately provides convenience for the sale of goods and services.
Often times the sellers are not always individuals, but also large corporate giants and companies. Thus, there is a billion dollar flow of money between these market participants. But even though there are many fundamental problems are exist between these trade participants because there are many trade relationship and agreements are exist. But as practice shows all of them are not perfect and faithful. Some participants did not make advance payments and some even receiving the payment in advance did not fulfill their obligations. This results in a dispute and the work gets delayed until the disputes are solved. Many a times the work gets delayed for weeks and thus they encounter with other financial loses. Although the traditional methods are not transparent enough that the resolved disputes are considered as biased.
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.
About the project

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 international trade relationship between them. The project team wants to transform the trade relationships between real estate participants to international commercial trades.

Principle of operation

In order to achieve the goal PrepayWay team implemented blockchain derivative smart contracts. The decentralized smart contracts are self executing automatic systems which execute trade processes according to the conditions set by the both participants. Thus, both market participants legally set trade agreements before professional layers and everything will be in accordance with legislation of the respective country. To understand this process in a better way let's check out the example of trade interaction between two participants in the real estate market through this video.
Advantages

PrepayWay solves many problems innovatively and poses many advantages:
• PrepayWay implements blockchain technology which helps to eliminate intermediaries, which ultimately reduce the cost;
• PrepayWay allow every business participant to make trade and commercial transactions with any business partner from any country;
• PrepayWay provides convenience to every participants by providing business smart contracts in different languages, thus they can save time from translation;
• it is worth to note that every business agreement are drawn by professional lawyers, which increases trust and security;
• every contract agreement and it's information are transparent and easily understandable by each participants;
• PrepayWay provides an opportunity for every businesses to make payment transactions in Fiat and digital currency;
• blockchain technology brings transparency, keeps every business records safe and protects from hacking attacks and eliminates intermediaries. This brings trust in the trade relationships;
• the SmartArb helps to resolve any disputes between the market participants quickly;

ICO details

• Token name: PrepayWay
• Token ticker: Inbit
• Total tokens: 12,763,636,364
• Platform: Ethereum ERC20
• Tokens available for sale: 650 million
• Token price: 0.01 EUR
• Unsold tokens will be burn

MEET THE TEAM
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PARTNERS
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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: Pweedy
Bitcointalk profile link- https://bitcointalk.org/index.php?action=profile;u=2231370
Eth address-0xbD4D7e2926feF21709f02256B17600de97b1d46c

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