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BITENNY For The Future Of Our Business – Story with – Medium

BITENNY For The Future Of Our Business – Story with – Medium

For every community who wants to take advantage of facilities to obtain greater convenience in the payment system, you can now use Bitenny’s services. The platform that carries blockchain technology provides a new path that has never been before. Technology that now facilitates everything now can also be felt through the payment system. Payments managed within the Bitenny network are done digitally. this will further facilitate the payment process and streamline processing time. Blockchain technology has a role in this matter. The process that took place quickly became a necessity for every group. The current payment system has indeed shown great changes and provides convenience. However, Bitenny did not want to waste the opportunity to offer a payment system that was even more perfect for making huge profits.

Bitenny provides a concept on the payment system that takes place practically and simply. This can be seen in terms of the payment instruments they apply. Bitenny applies a payment system using digital tokens or coins. This platform also launched its personal digital token called BTNY. This digital token is the main payment tool on this platform. its use is very easy. Users simply have a mobile application and a number of BTNY tokens to be able to make payments. This digital token will automatically decrease in number in the user’s digital wallet as proof that the funds have been transferred to the product’s digital wallet. The payment process is done by scanning the code displayed in the Bitenny application on the seller’s device and the payment transaction automatically takes place.

No need to linger in making payments now. every convenience presented in the Bitenny application can simplify all processes related to the payment system. If a user purchases a product at a store that does not apply payment instruments using a digital currency, this can be solved by payment using a fiat currency. users need not hesitate to shop wherever as long as the store also uses a digital payment system. users simply exchange their digital tokens with the type of fiat currency that is applied and the next transaction will take place accordingly.

The emergence of this platform has had a huge influence on the entire community, both individuals and groups. Starting from the general public, business people, to investors can benefit from the use of this platform service. the creation of this highly efficient concept will facilitate business development for each form of platform. The many types of businesses that exist in the world today increasingly increase competition among them. A very strong strategy is needed to be able to maintain their position at a high level and this is also supported by the Bitenny platform. Bitenny makes it easy for all types of transactions from each of these circles, especially business people who really race at all times. The payment process certainly must not provide obstacles to them and must always be able to be resolved by a simple and fast procedure.

Every businessman generally engages in investment activities to obtain greater profits with more minimized roles and responsibilities. Investment is a very important component in business because this is one of the drivers of a business. The acquisition of a number of funds from the investor will facilitate the completion of all procedures to run a business that should be running. This fund will then be returned to the investor after the recipient of the funds has made a profit during their business. Not only the initial funds, but investors are also entitled to a portion of the profits. In this payment, Bitenny acts as their connecting bridge. The application of the business to business concept by Bitenny will give business people more free time to focus on running their business because the payment system has been hastened by the process.

Support for various types of currencies in this platform will provide an opportunity for Bitenny to further advance its functionality and be able to compete with similar platforms. The key in this case is how far the role of Bitenny in making it easy for every user in making payments. Multi currency support will further develop the distribution of this service platform because they give the impression that all that is needed by users can be obtained on their platform without the need to use other types of service providers. every business must be able to adapt to conditions that occur in the trading market and one of the things that underlie it is through the support of multi currencies. Both fiat and digital, both now must be mutually sustainable in their use.

Thank you

Website : https://bitenny.io/
Whitepaper :
https://bitenny.io/assets/img/BitennyWhitepaper.pdf
Facebook :
https://www.facebook.com/Bitennyio-935538879978419/?modal=admin_todo_tour
Twitter :
https://twitter.com/Bitenny_io
Telegram :
https://t.me/BitennyNews

Published at Tue, 26 Mar 2019 06:19:18 +0000

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Blockchain in Trucking Alliance Seeks to Revolutionize the Transport Industry

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The Blockchain in Trucking Alliance (BiTA) announced its launch on August 16, 2017. According to the alliance, their goal is to utilize blockchain tech in the trucking industry — an industry that “has a reputation of being behind the curve on technology.”

“We formed the Blockchain in Trucking Alliance to develop common standards around blockchain applications in the trucking industry, from speeding up transactions to securing data transfers. The technology holds great promise, but to encourage its proliferation, we believe that developing industry standards were paramount. PS Logistics brings a depth of industry experience and full-service logistics knowledge to help our industry innovate with integrity through this new technology,” Craig Fuller, CEO of TransRisk and co-founder of BiTA, said in a statement.

By implementing blockchain technology, BiTA seeks to use triple-entry accounting, which the organization believes would solve some of the industry’s most pressing concerns. Some of the improvements would include immediate payment of drivers upon delivery; transparent and verifiable maintenance records; immediate and self-executing payments for things like fuel and parts; more efficient and fair processes for disputes and arbitrage over freight quality and claims; and immutable carrier history and safety records.

“Blockchain [technology] by its nature is distributed and owned by no single person. It is open source and requires collaboration and standards,” said Fuller. “We are helping to launch BiTA as a way to initiate dialogue between parties in the trucking ecosystem.”

According to the organization, the main difficulty they are currently facing is the integration of blockchain tech into the trucking industry. BiTA encourages the recording of physical transactions (i.e., a load being delivered) in a digital format. The organization believes the evolution of blockchain technology will bridge the gap between “analog and physical transactions to digital transactions and the blockchain.”

The members of BiTA are currently discussing the options and methods of blockchain technology’s implementation.

“We have relationships with many of the Alliance members that are not related to blockchain [technology], but the conversation around blockchain keeps coming up and many of them are exploring blockchain [tech],” said Fuller, “but most are concerned about making significant investments because of the lack of standards and commercial adoption.”

BiTA said, “We are engaging the brightest minds from the most influential leaders in transportation, finance, and technology. BiTA will build the first set of transportation industry–specific blockchain standards and promote the most transformative technology since the internet.”

BiTA has since announced the addition of PS Logistics as their newest member. According to BiTA, PS Logistics, as a charter member along with TransRisk, Triumph Business Capital and McLeod Software, will employ the use of smart technology and uniform performance standards in order to advance the transportation industry. The organization is currently listed as a logistics charter member along with the U.S. Xpress Inc. and Convoy.

The post Blockchain in Trucking Alliance Seeks to Revolutionize the Transport Industry appeared first on Bitcoin Magazine.

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