Various industries are looking into blockchain for processing and ensuring that the employees working in various remote locations are paid fairly and acknowledged quickly. The organisation identified an unfair reward distribution & was trying to identify a perfect solution for streamlining and enabling more accurate royalty payments by deploying smart contracts.
The solution offered to customers to overcome the business challenge is as follows:
We identified that the industry has had to disrupt itself for an extremely competitive market, in which the employees demand the best value for their time and money. We are implementing blockchain use cases that allow employees to get paid for exactly what they want using smart contracts.
Smart contracts are used to ensure transparent audit trails & can prevent fraud.
Fraud and Piracy Prevention
Usage-Based Payment Models
Streamlined Royalty Payments
TOOLS AND METHODS GROUP
SCM for code management
Jira for project management
Slack for team conversation / meeting / share documents
Blockchain use cases in various industries are on the rise & is allowing for streamlined royalty payments, micropayments and usage-based payments, providing a more customer-centric approach. This allows companies in the industry to operate more efficiently, increase revenue streams, and open up new business models that give them a competitive edge.