HashCash Consultants has partnered with UAE based conglomerate to aid them with Blockchain solutions to streamline their overall operational architecture across verticals.
HashCash’s Blockchain network HC Net will act as the seamless DLT platform for the partner to optimize the existing supply chain infrastructure. The key objectives of the project also cover the streamlining of the financial operations of the partner organization. fintech news
The HashCash collaboration extends to ICO development services as well, which will be the partners’ prime focus in the second phase of the project.
HC Net for Supply Chain Management
Supply chain management has been one of the most successful use cases of Blockchain technology. Being a conglomerate comes with a business model that is spread across various sectors. With multiple manufacturing units in action, keeping a track of the movement of product, services, and information from production to the endpoint is a complex procedure which HashCash aims to simplify for its project partner through HC Net. Investments
All information concerning the supply chain, i.e. material flow, capital flow, and information flow gets entered into the immutable ledger. The participants involved in the partner business model will be able to track the information in real-time, through HC Net.
Being immutable, any information once in the Blockchain cannot be tampered with, which will uphold the transparency of the entire system.
“HashCash Blockchain backed supply chain solutions take care of provenance tracking across the company’s different manufacturing units, reduces operational cost and establishes the value of trust within the organization,” mentioned Raj Chowdhury, CEO of HashCash Consultants.
Reformation of Financial Infrastructure
Coming to the enhancement of financial infrastructure within the organization, HashCash aims to integrate the existing architecture with its Blockchain solutions. The implementation of HC Corporate Payments will enable real-time document sharing, instant reconciliation, and automation through the use of smart contracts.
It will offer the partner organization a platform for faster, secured and transparent B2B payments. HC Corporate Payments digitizes the end-to-end trade process and unites all the involved parties across the business network of the partner, significantly minimizing the processing time.
The second phase of the project will focus on ICO development. With the ongoing crypto boom, that is a lucrative venture of interest to the partner. HashCash will offer its all-inclusive crypto development services that comprise of ICO launching, token listing, wallet, and exchange development as well.