A blockchain distributed ledger is a synchronized database spread across multiple networks. Simply imagine a repository of data that is accessible to everyone and which receives instantaneous updates from two locations at the same time. This technology powers and underlies cryptocurrencies such as Bitcoin.
Blockchain distributed ledgers have significant implications in business technology. The focal ramification is decentralization of payments. This technique creates advanced gateways for the transfer of mass data, cutting out the middleman through assured peer-to-peer connectivity, security, and anonymity.
Blockchain distributed ledger technology is quickly succeeding traditional money transfer infrastructure that relies on centralized payments. Consumers want a secure, efficient, and swift payment experience.
Centralized payment infrastructure requires the use of a middleman, who has to carry out multiple verification before the flow of money can proceed. For instance, your bank has to wait for the power company to balance its accounts for a successful transfer of funds.
Netclearance leverages blockchain distributed ledger technology in its applications to enable merchants to accept cryptocurrencies or tokens as payments without relying on a merchant processor or financial institutions to handle the payment transactions.
The Netclearance's next-generation applications, mBeaconSAM and mBeaconPay, integrate seamlessly with multiple payment terminals and retail registers, allowing traders to make payments using Bitcoin. Furthermore, mBeaconSAM and mBeaconPay offer alternative payment methods for users who prefer to use cryptocurrencies to settle bills.
Blockchain distributed ledgers offer foundation to decentralized payments. This opportunity provides you and your clients compelling, flexible, incorruptible, seamless, and fast money transfer options.
To learn more about our decentralized payment solutions, visit our website or contact us.