Growing usage of distributed ledger technology and rapid migration of workloads to cloud by enterprises are expected to drive the demand for blockchain as a service (BaaS) solution.
Based on a recent Mordor Intelligence report, BaaS market is projected to witness a CAGR of 15.2% between 2020 and 2025 and reach $982.8 billion.
Dozens of publicly traded companies incorporate blockchain into their operations, offer blockchain-related services to customers, or play a role in the cryptocurrency industry. Some are exclusively focused on blockchain innovation and/or cryptocurrencies, while others are using blockchain-related products and services to complement an existing successful business.
Given the benefits, tech companies like Epazz inc. (OTC: EPAZ) are now using blockchain technology to transform applications across a wide gamut of industries like banking and manufacturing…
In fact, according to an IDC report, banking sector will constitute a big chunk of global blockchain spending in 2020. The sector will constitute 29.7% of the total blockchain spending followed by process manufacturing (11.4%) and discrete manufacturing (10.9%) in 2020.
Epazz Inc. is a provider of blockchain apps and a cloud-based software company specializing in providing customized cloud applications to the corporate world, higher-education institutions, and the public sector. Epazz BoxesOS™ v3.0 is a complete web-based software package for small- to mid-size businesses, Fortune 500 enterprises, government agencies, and higher education institutions. BoxesOS provides many of the web-based applications organizations would otherwise need to purchase separately. Epazz’s other products include K9Sky.com kennel software and the Provitrac applicant tracking system.
DeskFlex is a desk booking solution and room reservation software for booking conference rooms, meeting rooms, workspaces, desks, car parking spaces, and office equipment.
DeskFlex meeting room scheduling system helps office managers accommodate remote workers’ time in the office, reducing rent and facility costs. DeskFlex lets employees reserve desks in advance or claim desks right away. It adjusts the telephone switch (PBX) so calls ring at the “desk du jour.” DeskFlex includes check-in, point-and-click floor maps, a web browser, a local kiosk, Microsoft Outlook integration, and conference room scheduling.
Epazz recently announced that the company is releasing an alpha version of its app to attract beta customers to its StreamPay service app. StreamPay is a solution for managers to monitor their supply chain for risk fraud using blockchain smart contract technology to trace raw materials to finished goods. Please visit https://www.streampay.io
Companies’ supply chains are now global, and they depend on the global supply chain to deliver goods and services to their end customers. Many companies spend millions of U.S. dollars a year to maximize their supply chain to deliver increased profits to shareholders. Companies are looking for ways to better manage their logistics processes, transportation, inventory management, and quality assurance. Having a response-based business model is the practice of keeping low inventory to respond to changes in the marketplace. This model helps in shelving the latest products and services while reducing product returns and spoiled goods, employing the latest technology, and providing the freshest food products. This model reduces dwell time (time that finished goods are idle and provide no value). To effectively manage this responsive supply chain, companies must monitor their suppliers and share information internally and externally. The faster critical information is shared with the supply chain network, the faster problems can be prevented and resolved. Sometimes, the problem is as simple as making a payment. However, increased globalization means the increased use of local currencies. Some countries do not accept payment from some banks, while some banks restrict the forms of payment or delay funds for days or even weeks. The global supply chain requires a global payment solution that is fully integrated into the supply chain risk monitoring solution.
StreamPay is an enterprise supply chain risk monitoring and payment tracking solution that uses blockchain smart contracts to manage suppliers and finished goods. StreamPay technology keeps distributed ledgers to create articles to insert into smart contracts so supply chain manufacturers, suppliers, vendors, logistics companies, and customers can track goods and services from the raw materials to the finished product using QR codes and digital signatures.
StreamPay gives companies the ability to monitor their supply chain to determine whether it faces any risks. StreamPay features a risk index that alerts users on their dashboards to any supply chain problems that could arise. StreamPay manages quality assurance to ensure the finished goods meet the requirements the customers set. It also allows inspectors to issue certifications to suppliers and partners. Finally, StreamPay enables parties of a transaction to make policy decisions, and its smart contracts issue payments to suppliers when goods or services have been delivered, based on the terms of the smart contracts. The parties can pay in USD, euros, or cryptocurrencies, and the StreamPay wallet maintains the current local exchange rate. This provides users a worry-free payment experience, and users do not need to buy and sell cryptocurrencies to pay for small items.