Traxalt: The blockchain-based solution

The emerging trend of digitization of systems along with the adoption of cloud-based services across the globe is growing fast. This trend grew significantly during the first quarter of 2020 due to the recent pandemic, COVID-19. As a result of the pandemic, many enterprises are implementing different technologies in their operations. To comply with the most important measure to prevent the virus spread, social distancing, they are seeking digital solutions that enable them to continue with their daily operations and at the same time, keeping the entire company ecosystem safe.

Due to the growing demand for a digital workflow that optimizes collaboration, automation, and transparency, companies are in the hunt for different solutions that can make a perfect fit for their processes. Many of them, are adopting blockchain-based technologies, which can decentralize and automate operations, offering transparency and security.

Traxalt is a Stellar blockchain-based platform, that provides decentralized tools for those enterprises that want to create a transparent and efficient ecosystem. For example, massive or minor cross-border payments can be carried out through the Traxalt platform. This brings along several advantages such as:

· Immediate and faster transactions.

· All transactions are immutable, they can’t be altered.

· Transparent and traceable transactions, they can be tracked through the Traxalt Explorer.

· Lower fees than banks, as bank’s cross-border payments fees, are very high.

· It complies with the social distancing measure, as transactions done through the platform do not require physical contact or protocols that banks do require.

There are other solutions that the Traxalt platform could solve, such as digital inventory management. This solution could provide a more efficient and automated process for retail or shipping companies. It would save costs, time, and human resource efforts.

Another example of a process that is normally carried out by physical accountants and can become hectic and very time consuming is the enterprise’s auditability. With the platform, this process can be automated, and every entry would be recorded on the blockchain. Having, as a result, an automated system that is traceable, reliable, and transparent.

Other applications that could be integrated and managed through the platform would be data storage and information sharing; the implementation and tracking of digital credentials and all the records that involve employee history for large employee’s database; supply chain management; among others. With the Traxalt platform, there are many possibilities and different company processes that can be integrated.

And now is the precise moment for companies to take the decision of implementing blockchain-based technologies, such as the Traxalt platform. These services will be of great help for those companies that want to comply with the current preventive measures and to keep safe the work environment.