Disrupting Business

Blockchain Technology Offers Solutions Across the Board

NEW YORK, March 20, 2018 /PRNewswire/ --

NetworkNewsWire Editorial Coverage 

Renowned British theoretical physicist Stephen Hawking, before passing away March 14, 2018, recently offered this observation (http://nnw.fm/07THl) about artificial intelligence: "The rise of AI could be the worst or the best thing that has happened for humanity." For those companies immersed in developing blockchain technology, the famous scientist's words underscore the responsibility tech companies shoulder as the integration between this technological trend and the Internet of Things (IoT) opens up promising new frontiers (http://nnw.fm/4cwMz). As a strong proponent of blockchain technology for the finance market's logistics supply chain integrity and high-risk sectors such as legalized cannabis, Global Payout, Inc. (OTC: GOHE) (GOHE Profile) is determined to offer customized solutions based on fintech and blockchain services. Other notable players investing heavily in blockchain technology are Microsoft Corporation (NASDAQ: MSFT), Alphabet, Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL), Overstock.com, Inc. (NASDAQ: OSTK) and CME Group, Inc. (NASDAQ: CME).

Back to the Future

Various market research reports predict that blockchain technology will revolutionize the world. The global blockchain market is projected to reach $60.7 billion in 2024, according to one report (http://nnw.fm/1rAcM). And while the word blockchain isn't nearly as well-known as bitcoin or cryptocurrency, the terms are genetically related, so to speak. Bitcoin founder Satoshi Nakamoto created the original blockchain network as a form of distributed ledger technology to record the encrypted, virtual "bitcoin" currency transactions on a network of computers (http://nnw.fm/PHIt3). Without a central ledger and with each block in the chain of transactions immutable, the cryptocurrency is described as highly secure since each block is encrypted.

Timely Solutions

As an innovative fintech company, Global Payout (OTC: GOHE) is already providing customized payment solutions for organizations transferring funds throughout the world. The company's next-generation B2B solution, which automates international fund transfers, payments, billing, and invoicing processes, is managed by its Global Reserve Platform (GRP). GRP is a fully configurable, banking-in-a-box web-based platform designed to improve work flow, operational efficiencies and global financial management for enterprises operating around the globe. The GRP provides is currently available in 26 languages; performs currency exchanges worldwide; and offers KYC-compliance for all account holders and merchants (http://nnw.fm/j2uVI).