TREON: Pay All Your Utility Bills Using Cryptocurrency On TREON APP

Utility bills are the most dreaded word in anyone's life, not because we do not have the will to pay, but we don't have the will to queue for hours. Utility bill payment is an affair we are all familiar with. Be it for water, or for electricity, we are aware of each one of them. The list is endless, as do the problems associated with them. People spend hours in the queue to pay their utility bills. Despite such a large-scale adoption of the internet and mobile in the world, the grim reality is starkly different. People are fed up with the bureaucracy and its unexplainable ways to harass the consumers.

The acts of harassment create fear in the men watching the episode. Digital tools seem to accommodate the changes in the surrounding and the people. Telecom, Natural Gas, electricity, and water represent trillion dollars of industry in market value, and if the market is captured by an application, then it will be a huge win. The opportunities are immense, as do the challenges in the sector.

The various challenges in the industry are following; huge gap between the promised services and delivered service, poor customer service, fragmented industry, lack of a common platform and no rewards mechanism. There is a need for the innovative application which can tackle all these challenges for the industry.

Solution offered

TREON is the solution of all the utility bill payment using cryptocurrency based on the blockchain technology. Processing and payment of the bills will be simple and easy as it will be done from a single place. Smart contracts are utilized to build a relationship between different service providers and the users. E-wallet is provided on the platform for storage and payment for different services. The mobile wallet will be secure and transparent with the help of blockchain technology. Different utility providers and users will use the TXO Tokens on the platform for payment.

Transaction fees, distribution commission, and token sale are the three different kinds of revenue streams available for the team. The platform offers users a variety of choice to pay the utility bills, such as using mobile wallets, one-click payment, favorite vendors, and top-up payment. Rewards and loyalty programs on the platform encourage the users to engage in the various activities and maintain a long-term relationship with the vendors. Utility companies on the platform can save costs and reward users for their loyalty.

ICO INFORMATION AND TEAM( https://www.treon.io/)

1 Billion TXO tokens are issued by the team in which 43% of the tokens are reserved for the Crowd sale. The token sale is currently live on the platform until 17th July 2018. 60% of the funds will be spent on the technology development while 25% of the funds will be spent on the marketing. The team working on the project is experienced in the blockchain technology and the product development.

Conclusion( https://www.treon.io/)

The coordination between the utility companies and the consumers will be made stronger and transparent on the platform. Educating customers and providing them incentives for completing different tasks on the platform begins a relationship of trust between the utility companies and the consumers. Telecom operators, electricity transmission companies, and gas companies will be happy to join the single platform where they can find their consumer and deliver their service without any hassles.

Smart contract based agreement between the different stakeholders of the utility business will reduce friction, and speed up the time required to deliver a service to the consumer. Many challenges exist in the cryptocurrency landscape which will be a crucial factor in the growth of the application. One of the biggest challenges is the volatility of the cryptocurrency. As the market for the cryptocurrency is still in its initial phase, we will see the next phase of maturity in the coming years. We will experience a new future in the coming years.

Website: https://www.treon.io/

Whitepaper:https://www.treon.io/data/Treon-WhitePaper.pdf

ANN:https://bitcointalk.org/index.php?topic=3403731

Published By:Kishan748
Btalk Profile:https://bitcointalk.org/index.php?action=profile;u=1027561