Dunitech's Approach - Blockchain Solution for Procure to Pay
Blockchain technology can disrupt the PTP process and provide operational benefits like better transparency, security, and efficiency in transactions. Furthermore, blockchain in procurement can decrease the workload of streamlining by automating the exchange of information.
We harness blockchain technology for procure to pay, to create a solution that covers the entire spectrum of PTP processes - from scanning and processing invoices, data management, funds management to ensuring on-time payment while minimizing value leakage and reducing cost of operations. Our blockchain procurement solution development services deliver business value to our clients by helping them achieve the following:
Blockchain as a technology and concept continues to be hyped in the financial services industry. Experimental approaches and innovations like Accenture’s redactable blockchain are emerging and are of great interest and appeal to the financial sector. As a disruptive technology platform, blockchain is impactful with the potential to redefine the operations and economics of the financial services industry. Its purpose is to deliver transparency, security and efficiency in transactions. In our view, blockchain technology’s strengths are well-demonstrated in supporting objective, distributed, evenly-balanced control in situations where this is difficult to secure, such as international payments. The technology also provides transparency in vital areas like anti-money laundering (AML) and can add efficiency, trust and reach to global financial markets where current processes are challenged in their ability to handle the volume and velocity of data that needs to be assessed in day-to-day operations. Procure-to-Pay (PTP) is the multi-step process connecting a client with one or more service/product providers. Among other activities, it allows for the identification and authentication of stakeholders, budgeting, service provision, invoicing and payment settlement. Among the current challenges faced by PTP programs are generating sustainable cost reductions through disintermediation, efficiency improvement, fraud control and transparency enhancement. Blockchain technology can disrupt PTP processes and more importantly provide huge operational benefits in terms of speed, greater security and decreased workload by facilitating the exchange of information. The following outlines how blockchain technology can bring value to key PTP processes.
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A cryptocurrency (or cryptocurrency) is a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency.
Our backend solution provides the technical and logical platform to implement the virtual currency into the existing payment infrastructure and enables payments to be processed in all major fiat currencies.CryptoCurrencyBitcoins are a form of cryptocurrency, meaning they do not have a physical representation.
We customize each and everything as per your requirement that means we can integrate other coin currency also in your Network Marketing Software solution.Cryptocurrency is nothing but an open-source program required hardware and codes which is called hash technology In other hand called blockchain technologyIt’s an open-source If anyone wants to run their own cryptocurrency all they need is to form a company As usual Buy hardware and software required for blockchain coding And he can run it And name the currency as anyone wishes there are many like Bitcoin, lite coin, etherium Etc.How it worksSuppose Project name names xyz.com and currency is coins there should be a community of people who are interested in it Exchanging Only then the value is created and it should be available for mining to any people and it should be open for exchange in the open market.Let’s say you are mining XYZ coin and if I want I can also mine XYZ using your hash codes or so I mean as you are early miner you will have a higher potential to mine coin than meBecause it’s your unique currency the more people coming in mining it should be difficult day by day when it gets difficult to mine the value increasesThat’s how to workWe have integrated This concept with our Network Marketing software and Build a Perfect MLM Software for Multi-level marketing industries.
We Provide you Perfect MLM software which is a bundle of MLM Responsive Website, Member Back office, admin back office, secured cloud server, anti-DDOS protection, and SSL.Multiple Payment Gateway SupportThrough a payment gateway, you can accept all common coins on your website and thus minimize all development and management costs.Mass PaymentThrough BitCoin API, you can pay hundreds of recipients automatically from our software.Payment Transaction DetailsThe administrator can view the entire details for the payment transaction like transaction ID, Transaction amount and transaction date.
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"Using CrowdPoint’s next-generation Blockchain all members of the ecosystem benefit from the transparency, speed, and immutable transactions associated with food, staples, retailing, beverage, tobacco, household, and personal products" - Sean Brehm, CEO, and Co-founder of CrowdPoint Technologies.The Blockchain Ecosystem is Here!
Blockchain implementation is on pace to build technological solutions.
How would the COVID-19 scenario be handled if the world is enriched with blockchain solutions?
It is time for you to buckle up and take the role of a blockchain content writer seriously.
But before becoming a writer in blockchain/cryptocurrency technology, there are some things to be taken care of about the roles & achievements in the blockchain technology.Read full story here: https://steemexperts.com/ask-before-choosing-blockchain-content-writing-as-profession/
The revolutionary blockchain technology has already proved its worthiness in almost every industry.
The mobile app industry is no exception.
This blending of blockchain with mobile app development services has led to the evolution of many blockchain mobile app development companies globally.Blockchain technology has managed to bring a tremendous wave in the area of app development.
Blockchain-based android app development and Blockchain-based iOS app development are trending for the last year.
Once these two major operating systems start to incorporate blockchain, then there will be no case of malware, cybercrime, or such incidents.
