What Is Bezant?
Bezant is a decentralized payment protocol that allows content creators and online merchants to setup stores and send/receive payments internationally. The BZNT ERC-20 token enables users to make purchases on the Jehmi platform and access global content. Its purported benefits include the elimination of costly store fees and the provision of instant P2P payments to merchants.
The Bezant Foundation, established in Singapore, is supported by international veterans from diverse industries that offer a wealth of knowledge for example, payments, physical & digital asset distribution, platform development, and crypto exchange management. They are targeting strategic regions around the world beginning with S.E.A(South East Asia). The team offers local experience from different regions and provide not only on-ground knowledge but also different perspectives in helping enterprises to adopt blockchain.
Bezant Storage Key Points
|Circulating Supply||878,398,685.00 BZNT|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Bezant Coin Cross-border payments today can take days to complete and often involve high fees due to the many intermediaries involved. The process is heavily complicated. However, with blockchain technology, payments can be made instantly peer-to-peer for a fraction of the cost. Also with smart contracts, you can automatically execute payments without the need for an escrow; when specific conditions are met, the payment will be made between the contracting parties without having to trust a third party to complete the transaction.
Loyalty reward programs are being used by businesses nowadays as a customer-retention tool. While these programs are implemented to provide a positive experience for customers, in many cases, the opposite is true due to complicated redemption processes, inconvenient verification processes, and lengthy retrieval periods. However, with a blockchain platform, loyalty points can be issued as tokens (digital assets) on the network and redemption can be automated through smart contracts. This enables businesses to significantly lower costs by eliminating intermediaries, instantly execute the rewards redemption, and increase credibility through transparency.
Bezant Logistic companies are heavily investing in exploring blockchain as they recognize the benefits it brings to an outdated process currently being utilized. Current international shipping systems involve heavy administrative paperwork with multiple pass throughs over numerous contact points. Mistakes at any of these points can cause delays and heavy costs to businesses as a result of shipment delays. Having these documents recorded on the blockchain, allows instant access and transparency to ensure relevant authorities can process shipments without delays and doubt.
Currently, digital asset issuers have custom processes for managing, distributing and tracking digital assets. However, the inconsistency in record-keeping practices between different parties can result in difficulties with verifying the authenticity of the assets. Blockchain technology has the ability to prove ownership of a digital asset which could be applied to intellectual property, games, and many other things as well. Smart contracts allow asset creators to set conditions with how secondary transaction occurs. Partners can also customize transaction families for the unique characteristics of a specific asset so that they can create asset identifiers, accept offers, and track ownership.
Bezant Coin even with businesses or organizations embracing technologies to automate record keeping processes, there are still substantial costs involved in administrative processes or in remedying human errors. Implementation of blockchain technology can solve these issues and reduce costs in specific areas of KYC, titles and ownership, digital voting and many more. Blockchain helps to make sure that all the data that is being stored are immutable, meaning that they cannot be altered or fabricated. In that way, when it comes to recording fact based data due to the distributed nature of how data is stored, no one entity has control nor the ability to fabricate it in anyway thereby ensuring the integrity of the data.
Chaincode refers to Smart Contracts, which provide a way to code business logic onto the blockchain network. Browse through different templates and also different languages in the template library to easily deploy the chaincode to the blockchain. Chaincode auditing will also be provided to enhance security.
Bezant built around the Linux Foundation’s Hyperledger Fabric–one of the most widely used and proven enterprise-grade technologies on the market today–Bezantium is a reliable and easy-to-use permissioned blockchain platform that enables enterprise companies to provide trust and transparency for the services they offer.