We will start the process of attracting beta customers to the solution for general release later this year
Chicago, IL (GLOBE NEWSWIRE) - via NewMediaWire - Epazz Inc. (O.T.C.: EPAZ), a provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, announced today that the company is releasing an alpha version of its app to attract beta customers to its StreamPay service app. StreamPay is a solution for managers to monitor their supply chain for risk fraud using blockchain smart contract technology to trace raw materials to finished goods. Please visit https://www.streampay.io
Companies’ supply chains are now global, and they depend on the global supply chain to deliver goods and services to their end customers. Many companies spend millions of U.S. dollars a year to maximize their supply chain to deliver increased profits to shareholders. Companies are looking for ways to better manage their logistics processes, transportation, inventory management, and quality assurance. Having a response-based business model is the practice of keeping low inventory to respond to changes in the marketplace. This model helps in shelving the latest products and services while reducing product returns and spoiled goods, employing the latest technology, and providing the freshest food products. This model reduces dwell time (time that finished goods are idle and provide no value). To effectively manage this responsive supply chain, companies must monitor their suppliers and share information internally and externally. The faster critical information is shared with the supply chain network, the faster problems can be prevented and resolved. Sometimes, the problem is as simple as making a payment. However, increased globalization means the increased use of local currencies. Some countries do not accept payment from some banks, while some banks restrict the forms of payment or delay funds for days or even weeks. The global supply chain requires a global payment solution that is fully integrated into the supply chain risk monitoring solution.
StreamPay is an enterprise supply chain risk monitoring and payment tracking solution that uses blockchain smart contracts to manage suppliers and finished goods. StreamPay technology keeps distributed ledgers to create articles to insert into smart contracts so supply chain manufacturers, suppliers, vendors, logistics companies, and customers can track goods and services from the raw materials to the finished product using QR codes and digital signatures.
StreamPay gives companies the ability to monitor their supply chain to determine whether it faces any risks. StreamPay features a risk index that alerts users on their dashboards to any supply chain problems that could arise. StreamPay manages quality assurance to ensure the finished goods meet the requirements the customers set. It also allows inspectors to issue certifications to suppliers and partners. Finally, StreamPay enables parties of a transaction to make policy decisions, and its smart contracts issue payments to suppliers when goods or services have been delivered, based on the terms of the smart contracts. The parties can pay in USD, euros, or cryptocurrencies, and the StreamPay wallet maintains the current local exchange rate. This provides users a worry-free payment experience, and users do not need to buy and sell cryptocurrencies to pay for small items.
Shaun Passley, Ph.D., CEO, and chairman of Epazz Inc., said, “We started the project in 2019, and it is ready to start finding beta customers to prepare the solution for general release.”
About Epazz Inc. (www.epazz.com)
Epazz Inc. is a provider of blockchain apps and a cloud-based software company specializing in providing customized cloud applications to the corporate world, higher-education institutions, and the public sector. Epazz BoxesOS™ v3.0 is a complete web-based software package for small- to mid-size businesses, Fortune 500 enterprises, government agencies, and higher education institutions. BoxesOS provides many of the web-based applications organizations would otherwise need to purchase separately. Epazz’s other products include K9Sky.com kennel software and the Provitrac applicant tracking system.
DeskFlex is a desk booking solution and room reservation software for booking conference rooms, meeting rooms, workspaces, desks, car parking spaces, and office equipment. DeskFlex meeting room scheduling system helps office managers accommodate remote workers’ time in the office, reducing rent and facility costs. DeskFlex lets employees reserve desks in advance or claim desks right away. It adjusts the telephone switch (PBX) so calls ring at the “desk du jour.” DeskFlex includes check-in, point-and-click floor maps, a web browser, a local kiosk, Microsoft Outlook integration, and conference room scheduling.
This is the “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: certain statements contained in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified using forward-looking words such as “may,” “expect,” “intend,” “estimate,” “anticipate,” “believe” and “continue” (or the negation thereof) or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from future results or those implied by such forward-looking statements. Investors are cautioned that no forward-looking statement is a guarantee of future performance and that actual results may differ materially from those contemplated by such forward-looking statements. Epazz Inc. assumes no obligation and has no intention of updating these forward-looking statements. It has no obligation to update or correct information prepared by third parties that are not paid for by Epazz Inc. Investors are encouraged to review Epazz Inc.’s public filings on SEC.gov and otcmarkets.com, including its unaudited and audited financial statements and its O.T.C. market filings, which contain general business information about the company’s operations, results of operations, and risks associated with the company and its operations.
© 2021 GlobeNewswire, Inc. All Rights Reserved.