How PrepayWay is Simplifying Business Processes

Distributed and decentralized ledger technologies, smart contracts and the internet of things can possibly disrupt and revolutionise business process management and optimization.

Business process management (BPM) and business process optimisation (BPO) are the two longest-standing and most proficient methods for overseeing processes with an emphasis on ceaseless effective observing and improvement. The rise of distributed and decentralized ledger technologies with smart contracts and the internet of things (IoT) can be instrumental in upsetting and revolutionising these business practices.

Distributed and decentralized systems, for example, blockchains can comprehensively oversee steps and relationships where members will have similar information source, for example, financial relationships and transactions connected to each step. The outcome is consistency, decreases in costs and time delays, improved quality and reduced risks.

By integrating IoT with decentralized, Distributed blockchain technology that integrate smart contracts, BPM and BPO will enter a reality where pretty much anything can be associated to communicate intelligently. Businesses that embrace this wonder will probably give a superior client experience and value-added services, just as increase competitive advantage and differentiation.

Overview of Prepayway
The primary objective of the project is to offer an across management solution for international finance, contracts, payments and dispute resolution. For this reason, Prepayway needs to provide a solution that takes care of the issues emerging from the contract or the agreements made by uniting the legal practitioners, agencies and referees from a single source. These very complex and time-consuming solutions will be a lot simpler courtesy of Prepayway.

The PrepayWay project utilize blockchain technology as a solution to the issues emerging from international trade. In doing as such, the company does not need organizations to abandon their local techniques, and the PrepayWay project wants to merge the old and new techniques in the same pot. It is a necessity to integrate blockchain technology into the system, particularly because of the issues experienced in international fund transfers and high commission charges.

How Prepayway Platform Works?
Prepayway desired to develop an eco-system that is independent and can develop in itself for all actors of international trade. Inside this ecosystem, there will be numerous businessmen from the real estate sector to finance. Let go in details how the system works.

Service Providers: Service providers are a significant factor that makes the system work. They may be banks, escrow agencies, payment services, legal practitioners, IT committees and numerous other people who require numerous expert skills.

• Banks, which are significant actors’ in the system suppliers, are the actors who will guarantee the flow of fund or digital currencies. On account of this fund flow that will be provided by the main banks of the world, the fund need of the system will be wiped out. Moreover, it will be a lot more secure to trade by keeping banks and cryptocurrencies.
• Neutrality, The system for an international trade dispute needs an impartial board. This board is responsible to listen to the two sides and make a fair judgment. Prepayway will utilize these unbiased people or organizations to solve issues emerging from trade.
• Information Technology, Information technology will be particularly valuable in adapting the blockchain to the system. Prepayway wants to guarantee that the system works best when utilizing information technologies, particularly by utilizing smart contracts to make the flow of information and fund more exact. Smart contracts are a lot quicker and more secure information technology tools, where the two sides can best express their desires.
• Lawyers and Notaries, These individuals are the ones who are doing the vital work to make the international trade a lot more secure and simpler to operate. They will almost precisely reflect the desire of the two parties before and after the Agreement. Along these lines, everything will work as per the law and principles.

The project developed two separate sub-projects so as to do all these, the first

1. Prepayway Real Estate, Elleeo, This project is designed to process fund and contract flows in the real estate sector through smart contracts utilizing blockchain technology.

2. Prepayway Global Trade, Smart Arb sub-project is a sub-enterprise set up to provide the liquidity of the receivables and debts emerging from international trade among the organizations.
   
   Inbit Token
   The InBit token is an utility token and the backbone of the PrepayWay Blockchain Ecosystem. The main system by which a client may get access to the Ecosystem's services, it is required to initiate each PrepayWay smart contract and to get to Elleeo financing platform and SmartArb dispute resolution services. The amount of InBit tokens required to access every one of the various Ecosystem services is controlled by the following factors:

• The running exchange rate of the InBit token to the currency of the transaction;
• The contract cost (either the total cost or the deposit amount, depending upon the kind of agreement);
• A fixed percentage of the contract cost charged as a fee for utilizing PrepayWay Blockchain Ecosystem.

Token Details
Token Name: InBit Token
Ticker: InBit
Platform: ERC-20
Total token Supply: 12,763,636,364 InBit
Hard cap: 50,000,000 Euro
Intial Price for InBit at TGE: 1 InBit = 0.01 EUR

Token Allocation
Sale: 6,500,000,000 InBits
Company Reserve: 3,900,000,000 InBits
Advisors and Community: 1,378,787,879 InBits
Team: 984,848,485 InBits

MEET THE TEAM

PARTNERS

Conclusion
There is no restriction to how blockchain technologies can offer organizations a superior method to get things done in finance, operations, productivity and more. Finding success with blockchain technology involves finding the correct partners, right technologies and best utilizations of the technology.

Prepayway's objective is to quicken the process of adapting to the blockchain of international trade in particular. Since the Prepayway project will integrate and oversee complex processes in the interest of organizations, by doing these organizations will take a lot more secure and gainful strides in international trade, courtesy of smart contract.

Official resources of the PrepayWay project:

WEBSITE: https://prepayway.com
TELEGRAM: https://telegram.me/prepaywaychat
WHITEPAPER:https://prepayway.com/PrepayWay_Blockchain_Ecosystem_Whitepaper_V1.1.pdf ANN THREAD: https://bitcointalk.org/index.php?topic=5065060.0
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

Author:
Bitcointalk Username: Alaho15
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=2513944
Eth Address: 0xf8c20030A71708E73D58Ab3900629F17B8875da5