PrepayWay - The New Paradigm of International Business

nelsonjohn

About the project

The project that we will consider today is called - PrepayWay. This project intends to change all existing business processes, creating its own decentralized system within which a new paradigm of international trade relations will begin to exist. Simply put, PrepayWay seeks to improve trade relations between its participants from real estate transactions to large international commercial transactions.

What is PrepayWay?

PrepayWay is an ecosystem that uses Blockchain technology. This ecosystem tries to simplify the transaction process on the global market, by implementing Blockchain technology in existing business processes making it more efficient and also decentralized. With the ecosystem they make, this will certainly improve trade relations between the participants, as well as from small or large companies. This ecosystem will certainly provide a new global market atmosphere where everything is more transparent and also faster than the convetional system that is still used today.

With the various advantages that exist on the PrepayWay Blockchain Ecosystem, participants are facilitated by a safe, fast, transparent and low cost transaction process. In addition, by utilizing blockchain technology will make the transaction process more efficient, this will certainly provide liquidity for the participants and certainly can be accessed globally. On the other hand, by using smart contracts will reduce fraud or other negative things that can delay the transaction process.

Principle of operation

In order to achieve the goal PrepayWay team implemented blockchain derivative smart contracts. The decentralized smart contracts are self executing automatic systems which execute trade processes according to the conditions set by the both participants. Thus, both market participants legally set trade agreements before professional layers and everything will be in accordance with legislation of the respective country. To understand this process in a better way let's check out the example of trade interaction between two participants in the real estate market through this video.

Features

• Implemented Payment Gateway

Entrenched safe money sending and receiving mechanism and linked passway for transactions in both digital and fiat currencies empowered by authorised escrow associates.

• Smart Contracts

Automated execution of contractual stipulations reduces the cheating chance and the necessity for third-party agents, decreasing legal charges, arbitration and other transactional expenses.

• Transactions Safe from Tamper

Smart contracts are a combination of self-execution with a decentralized room of all trade data on the blockchain guarantees total clarity and lower cheat waste.

• Smart Dispute Resolution System

The platform has an effective and obligatory dispute judgment by SmartArb which is short for International Smart Mediation and Arbitration Institute.

• Dealing Customization

There exists a user-friendly interface for agreement customization with comprehensive descriptions and instructions in various languages.

• Agreements Obligation

Also, lawfully compulsory agreement templates that are specifics for every country and advanced by acknowledged specialists in accordance with internal laws and ordinances are presented.

Advantages

PrepayWay solves many problems innovatively and poses many advantages:

• PrepayWay implements blockchain technology which helps to eliminate intermediaries, which ultimately reduce the cost;

• PrepayWay allow every business participant to make trade and commercial transactions with any business partner from any country;

• PrepayWay provides convenience to every participants by providing business smart contracts in different languages, thus they can save time from translation;

• it is worth to note that every business agreement are drawn by professional lawyers, which increases trust and security;

• every contract agreement and it's information are transparent and easily understandable by each participants;

• PrepayWay provides an opportunity for every businesses to make payment transactions in Fiat and digital currency;

• blockchain technology brings transparency, keeps every business records safe and protects from hacking attacks and eliminates intermediaries. This brings trust in the trade relationships;

• the SmartArb helps to resolve any disputes between the market participants quickly;

Token Details

Token Name: InBit

Price: 1 InBit = 0.01 EUR

Type: Utility

Platform: Ethereum (Can be swapped to their Own Blockchain later)

MVP: YES (Here)

Accepting: ETH

Hard Cap: 50,000,000 EUR

Country: Switzerland

KYC: YES

Team

Advisors

Partners

Final Words

For every kind of business, PrepayWay has a way to handle it gently and meticulously. To carry on any kind of commerce into the marvellous world of the blockchain, PrepayWay is a delicate choice.

Learn more about PrepayWay:

Website: https://prepayway.com

Read Whitepaper:https://prepayway.com/PrepayWay_Blockchain_Ecosystem_Whitepaper_V.1.pdf

ANN thread: https://bitcointalk.org/index.php?topic=5065060.0

Telegram: https://telegram.me/prepaywaychat

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

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