PrepayWay is a blockchain ecosystem that simplifies and streamlines international collaboration, contracting, and payments for companies across multiple industries.
Switzerland, United States of America, Afghanistan, Bosnia and Herzegovina, Central African Republic, Cuba, Democratic Republic of the Congo, Democratic People's Republic of Korea (North Korea), Eritrea, Ethiopia, Guinea-Bissau, Iran, Iraq, Libya, Lebanon, Somalia, South Sudan, Sudan, Syria, Uganda, Vanuatu, Yemen and the Crimea
Global commerce is burdened by unreliable and largely manual paper-based processes characterized by a lack of transparency and an absence of secure, trusted information. As a result, suppliers, buyers, and transporters involved in international transactions suffer cash flow delays, payment disputes, and difficulty in maintaining liquidity. However, the advent of blockchain technology can eliminate these difficulties, ensuring the validity and security of transactions involved in the global movement of goods and delivery of services. Moreover, by automating payment methods such as letters of credit, it can eliminate inefficiencies, streamline business processes, reduce operational complexity, and reduce transaction costs.
The PrepayWay’s mission is to remove the aforementioned burden by integrating decentralized blockchain and self-executing smart contracts with business processes to introduce a new paradigm in international commerce. Specifically, PrepayWay offers the following:
legally binding contract templates developed by legal experts in accordance with the appropriate national laws and regulations and translated into multiple languages;
self-executing smart contracts containing coded terms and conditions of the contracts;
an integrated gateway for digital and fiat currency transactions powered by licensed escrow partners;
cross-border decentralized financing solution;
secure storage of records of smart contracts and transactions on a blockchain;
efficient and enforceable dispute resolution by SmartArb, the International Smart Mediation and Arbitration Institute.
No single company can unlock the potential of blockchain alone. The PrepayWay Blockchain Ecosystem integrates blockchain with existing business functions, leveraging it to generate value and accelerate growth. The resultant synergy will result in opportunities for strategic partnerships and access to innovative technology.
All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Blockchain Enthusiast and Advisor Rated on Sep 12, 2019
3
2
1
19%
I could not find the current whitepaper. No MVP if you go there link as well - just a scheme. No github link attached. What about competitive analysis and tokenomics? No data
There are a lot of projects that try to monopolize technology in one company, but most of them will be frustrated in the middle. This is because blockchains have the characteristic of exhibiting their abilities by utilizing them among companies and the whole industry.
The project has chosen to optimize its existing business without missing its key factors.
The team has a lot of experience. Lighting such business models is a step in the development of blockchains.
Direct Marketing Manager,ICO produce Rated on Mar 29, 2019
5
5
5
13%
ICO projects for other payment platforms are only thinking about monopolizing the market, but I think this is a project based on the nature of blockchain.
What is needed for the spread of blockchains is that there will be more projects like theirs.
The content of this project and the blockchain technology are very good.
In order to avoid wasting resources, we have to let go of paper and make it mainstream by exchanging data.
Contracts can be made more smoothly by having a trusted organization providing the platform.
I support this project that is necessary for the world to move forward.
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Seed investments round successfully closed;
PrepayWay Core Team;
PrepayWay AG (HQ in Switzerland) founded;
PrepayWay Systems Switzerland AG founded – Escrow service provider;
PrepayWay Systems Estonia OÜ founded;
PrepayWay® trademark application and registration;
SmartArb® trademark application and registration;
Inbit® (token) trademark application and registration.
2
2017-2018
PrepayWay Ecosystem business logic;
PrepayWay Real Estate business logic;
Elleeo business logic;
SmartArb business Logic;
Elleeo prototype;
SmartArb model clauses published;
Elleeo fully functional demo;
PrepayWay Real Estate contract creation and negotiation process proto closed testing,
3
Q1 - Q2 2019
Fundraising stage 1;
SRO membership application;
PrepayWay Real Estate visual prototype;
Real estate agreement creation process demo version;
SmartArb Rules published.
4
Q3 - Q4 2019
PrepayWay Global Trade prototype;
SmartArb as a fully functional mediation and arbitration institute;
Elleeo MVP,
Fundraising stage 2;
Beta version and release of PrepayWay Real Estate;
Beta version and release of Elleeo;
Beta version and release of PrepayWay Global Trade;
Smart-Arb regional offices in EMEA, APJ, NCSA.
