Review on Hiveterminal Token by francis fernandez
automation of business management
Blockchain technology has been applied in many sectors of the world industry regardless of the corporate purpose of the company, since its versatility allows the creation of suitable applications for each situation.
In this sense, factoring agencies can make use of distributed global ledger technology to carry out financing or transaction management tasks, based on the use of smart contracts.
Through blockchain, companies reduce or eliminate the need to hire third parties or use intermediaries to grant loans or manage commercial operations, since these processes tend to be automated.
The use of the blockchain allows the creation and use of a reliable and immutable database, to be used in totally transparent transactions.
What is the function of the platform currency?
HIVE is the native currency of the All Sports network and its main function is to serve as a management instrument for the execution of demands in factoring organizations and to monetize the rewards to these same companies.
HIVE also monetizes transactions between both parties (borrower and seller) with complete reliability.
Pros
- Eliminate the intermediation of third parties in financial procedures
- Promotes decentralization of business operations
- Guarantees the inalterability of the database
- Serves as factoring manager in companies
Cons
- HVN currency of volatile value
