TREON: How the Blockchain Fights With the Flow of Paper Receipts
New blockchain-projects traditionally solve ambitious tasks and "change the world", but what about day-to-day operations? For example, payment of receipts for electricity? When will the blockchain get to the urgent issues?
Figure 1. Treon - the blockchain for everyday utility bills
The developers of Treon offer to use the blockchain for easy payment of bills for utilities (telecom, electricity, natural gas), tariff monitoring, and time-saving. Unlike online banks, Treon is focused on only two functions: monitoring the current volume of consumption and payment on receipt. The laconic architecture allows to implement a maximum of convenient features for users: scan the QR-code of the receipts, pay in several currencies, set up an automatic withdrawal of funds.
Figure 2. The appearance of the application for the smartphone
How Does the Treon Application Work and Who will Benefit From It?
Treon is a kind of electronic wallet based on the blockchain and designed for debt monitoring and payment of utility services. The team's task is to allow consumers of standard services to track their quantity, leave feedback about the quality of the service, pay all bills in one click.
In the long term, Treon will turn the services market into a platform for dialogue between consumers and management companies, will allow to set competitive prices, as well as introduce additional services for the population. The team of creators emphasizes a number of advantages for suppliers and consumers of various services.
1. All bills in one application - Treon Dashboard shows data on consumption level, debt in one window, the user receives regular reminders about payment. Unlike isolated applications, Treon "collects all the bills in a bunch", allows you to pay for them electronically, enter meter readings (if necessary), monitor the level of expenses, assess the upcoming payments.
2. Independence from third-party applications - Treon works anywhere in the world where Wi-Fi is available and does not require registration in any banking structure. This approach expands the market of platform consumers, takes into account the interests of customers living in remote corners of the world. In the long term, banking structures can save money by working with Treon: the platform does not require a complex infrastructure, all operations are registered through the blockchain and smart contracts.
3. Simple account management - Treon offers a unified interface for all service providers, so users can easily understand the tariffs. The dashboard of the client contains summary information about all accounts, the notifications come to the same account.
4. Optimization of consumption - analytics tools built into Treon allow you to track the consumption of water, electricity, Internet traffic, minutes of conversation. The user and the management company are aware of the estimated costs, so it's easier for individuals to calculate the funds, and for companies to offer better rates.
5. Advantageous use - Treon offers a loyalty program for individuals (consumers) and companies (service providers). Depending on the intensity of use, the size of the client base, the platform charges tokens, which can be spent inside Treon or withdraw to fiat assets.
Figure 3. The process of paying bills with the help of Treon
From the user's point of view, Treon is a convenient tool with built-in notifications, the ability to pay "all" at once, without spending money on the commission of intermediaries. It is easier for public service providers to track customer base, enter into new contracts (smart contracts), teach customers to use new services with the help of Treon. The platform supports "the green energy" promoting suppliers.
Figure 4. The order of commissions on Treon
How Does the ICO Treon Held and What will Happen to the Project Next? http://treon.io/
The project team produced a billion of TXO tokens according to ERC20 standard, it is planned to collect between 4 to 25 million dollars (soft and hard caps) during the sale of the asset. ETH and BTC are accepted for payment, the finished MVP of the project includes a Dashboard and a cryptocurrency wallet.
48% of TXO will constitute a reserve fund of the platform, 43% is planned to be implemented during the ICO, 5% will go to the development team, 3% will remain inside the ecosystem, the remaining 1% will be distributed between the team members. ICO takes place in three stages: May 21 - June 3, June 4 - 17, June 18 - July 27, 2018.
The funds collected during the ICO cover four groups of expenditures: 60% will be invested in the development of the technology, 25% will be used for marketing purposes, 10% will be operating expenses, 5% - legal and administrative maintenance of the project.
Treon refers to small projects that solve a narrow range of everyday tasks. The working MVP and technical implementation have already attracted major partners - Cisco, PWC, HP.
Website: http://treon.io/
BCT ANN: https://bitcointalk.org/index.php?topic=3403731.msg35625366
Author on BCT: Melnikof https://bitcointalk.org/index.php?action=profile;u=1152502