The global blockchain development company, HashCash Consultants announced its rising interest in its blockchain-underpinned HC Corporate Payment solution among institutional enterprises. The unique blockchain-driven solutions expedite the end-to-end digitization procedures, linking all the related networks under one single and secured blockchain network.
What is Blockchain Technology?
Blockchain has disrupted its true potential in various sectors along with associated innovations which are revolutionizing the worldwide financial structure. Blockchain is a decentralized ledger technology, that eliminates the idea of third men, and intermediaries from the process significantly reducing the time taken to complete the cross-border transactions along with its processing fees.
Blockchain pioneer, and CEO of Blockchain technology, Mr. Raj Chowdhury asserts, “The corporate sector is tracing the footprints of the BFSI segment in comprehending blockchain’s revolutionary potential in transforming existing financial infrastructure. Blockchain-powered smart facilitates real-time transaction visibility and helps in process automation through smart contracts.”
The HC Corporate payment platform helps organizations with the effective management of working capital through reconciliation, sharing information with other members of the network in real-time, and tracking live account balances. With the target towards the B2B sector, the solution offers database encryption and high-end security with blockchain technology.
”The HC Corporate Payment solution has unlimited potential and is a viable solution across many domains. The encryption facilitates sharing of confidential information, while the network itself can be expanded afterward to include other trade partners or financial institutions,” quoted Chowdhury. He has previously highlighted the use of blockchain in education systems and sustainable energy management.
According to recent surveys, 60% of the MNCs worldwide use a minimum of one type of blockchain-underpinned cryptocurrency for cross-country transactions. One of the reasons why it is a popular option among expatriates is its low transaction fees, especially for those coming from poor banking infrastructure.