Unlock the future with AZHOS Payments™ fiat on blockchain solution and let your silo
pay for itself.
To enable autonomous financing processes in the process industry a whole new level of
payment infrastructure is required. AZHOS Payments™ provides a fully operable fiat on
blockchain solution building a bridge between traditional supply chain automation, payment
automation, and financing.
AZHOS infrastructure™, developed together with several partners all over Europe, is
able to create fully programmable fiat money through the use of smart contracts and enables
multiple use cases from real-time international transactions to more complicated financial
products and allows the settlement of payments without human interaction solely based on
digital trigger signals.
The technology itself works as a backend solution or external service provider set up
within the internal systems of a financial institution and enables the direct mapping of
IBAN accounts and wallet addresses, creating a digital representation of the fiat money in
the account on a digital wallet. Traditional payments in Euro can be, thus, executed and
automated using smart contracts, while still having the legal status of cash and being
regulated as e-money.
The tokens, thus, represent fully programmable money, with all the business logic totally
transparent to all participants. Combining the payment infrastructure with fitting data
sources allows payments and financing constructs based on real world data.
If a sensor e.g. detects a consumption of inventory by a customer at a silo of a supplier,
it can directly trigger a corresponding payment for the consumed amount as the respective
framework agreement defining prices and rights between both parties has is denoted on a
smart contract. Long-term contracts between multiple suppliers and financial institutions
can now easily be automated by streamlining processes, saving opportunity costs and
expenses for accounts and sales.
By keeping the Euro as a means of payment, full ERP compatibility can be ensured while the
use of DLT creates an immutable record of the underlying data and payment history,
facilitating audits and exact bookkeeping.
AZHOS Payments™ delivers value in an instant manner, lowering entry hurdles and
unlocking markets that have not been accessible before. With AZHOS Payments™ full
industrial and financial automation no longer stays a vision but can now be implemented in
any industrial environment.