Autonomous financing processes require a whole new level of payment infrastructure such as tokenized
electronic money. EM-Token embrace blockchain and decentralization to the real financial world with
key functionalities (compliance, aml, legal liabilities) and extends functionalities such as holds, clearance,
detailed compliance, funding and payout.
This technology makes it possible to program real money. The euro has no other legal status than cash,
but behaves like a token.
In our usecase, the negotiation of new payment terms, as otherwise necessary for factoring, becomes
obsolete. The customer transfers his money as usual to the supplier, but through Smart Contracts any
financial service providers can be integrated into the cash flow.
This avoids high organisational costs and ensures that adaptation problems for the technology are a
thing of the past, as ERP compatibility can be created by keeping the euro as a means of payment. The
immutablity of the data also makes later audits and bookkeeping much easier.