PrepayWay is a blockchain ecosystem that simplifies and streamlines international collaboration for companies in various industries.

We all know that the future is behind "advanced technology". But what is this? Most of us mean IT with this name. Of course, information technology occupies a significant part, but there are many other important fields. Therefore, "advanced technology" will be more accurately defined as the technology that forms new industrial structures with the help of higher quality, more precise production, with less waste and better energy efficiency.

I present to you today an interesting and different project that is PrepayWay is a blockchain ecosystem that simplifies and streamlines international collaboration for companies in various industries. This is a non-profit organization in Switzerland and was formally established to finance, develop and implement technologies that are beneficial to humanity and the planet.

About PrepayWay

With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, PrepayWay, a blockchain ecosystem that simplifies and streamlines international collaboration, contracting, and payments for companies across multiple industries has arrived.

"When most people hear the word “blockchain,” they immediately associate it with a rising trend in bitcoin and other cryptocurrency mining. While this direct association is right on point, blockchain technology, even in its young state, has already proved to be beneficial in countless numbers of business-use cases.

Blockchain has proven to be a game changer for supply chain management, specifically for product development teams in the manufacturing industry. Due to the transparency that blockchain provides, blockchain transactions enable management teams to have a complete documented history of a product, from its original inception to the transferring of goods to warehouses.

Most operation departments want more efficient, safer ways to process payments and manage other business transactions. Because of the automation and transactional transparency that it provides, blockchain technology eliminates the need for an intermediary when processing payments. Even the future of FinTech and blockchain technology is continuously shaping itself to change the way modern businesses operate."

With that being said, PrepayWay Blockchain Ecosystem has been designed to be self-expanding and effortlessly scalable to support all types of international business operations, ranging from real estate to global commercial trade, with market size of up to 15 trillion USD.

The idea for PrepayWay was born in Switzerland, where computer science, banking, international business, and legal professionals came together to revolutionize business processes. Coming from a plethora of professional backgrounds, the diversely experienced team is dedicated to creating an ecosystem that facilitates secure, swift, transparent commercial transactions, all while reducing transaction costs.

As depicted above and as indicated on the official website of PrepayWay, PrepayWay is a blockchain ecosystem that simplifies and streamlines international collaboration, contracting, and payments for companies across multiple industries.

PrepayWay is an all-in-one solution for international contracting, financing, payments, and dispute resolution. PrepayWay combines the functions of lawyers, banks, escrow agents, and arbitral institutions. PrepayWay - simple solution for complex processes.

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.

Solutions Offered by PrepayWay

PrepayWay RealEstate: This solution makes real estate transactions direct, safe, flexible, and transparent by eliminating third parties and enabling digital contract signing.
PrepayWay Global Trade: With this blockchain solution, international business transactions are safer and more convenient through smart contracts that run themselves and store transaction data on the blockchain.
SmartArb: This is a dispute resolution network with international mediation and arbitration experts who use smart contracts to provide fair, reliable and efficient dispute resolution services.
Elleeo: Elleeo is a loan market where Prepaid users can borrow or lend to each other using real assets as collateral.

How It Works?

Benefits

Integrated Payment Gateway: Secure money transfer mechanism and integrated payment channels in the form of digital currencies and fiat currencies with reliable and licensed escrow partner support.
Tamper Proof Transactions: By combining decentralized data storage on the blockchain with smart contracts that are self-implemented for all transactions, PrepayWay ensures there is transparency and the ability to track all transactions. This, in turn, reduces fraud and theft of funds.
Smart Contracts: All smart contracts in PrepayWay are automatically executed which reduce the risk of fraud and eliminate the need for intermediaries to carry out contracts. This reduces legal fees, arbitration fees, and other transaction costs. However, to activate or access smart contracts, users must obtain an InBit token.
Agreement Customization: PrepayWay has an intuitive and user-friendly interface that can adjust agreements. The interface also displays recommendations and detailed explanations that can be accessed in various languages.
Enforceable Agreements: In Prepaid ecosystems, participants can obtain legally binding agreement templates designed by legal experts and lawyers in accordance with the laws and national regulations of a particular country.
Smart Dispute Resolution: SmartArb gives members of the PrepayWay ecosystem efficient and enforceable dispute resolution methods for international businesses.

Token PrepayWay (InBit)

InBit tokens are required to access and activate Smart Contracts. As long as the Smart Contract remains in force and effect, the service fee paid in tokens is locked as part of the Smart Contract.The more Smart Contracts are in use at any point in time, the more tokens are locked. The number of InBit tokens frozen at any point in time has a direct correlation with the demand for our Smart Contracts.

Token details