Payment Porte – The new wave of digital payment solution

Introduction

Technology is evolving everyday and bringing new revolutionary changes in the world. Technology has transformed humans from uncivilized state to civilized state. While everything has changed but the core working principles of trade relations are still the same. We know trading from the ancient times and continued these trade processes in one or another form. Trade relationship is the backbone of our society which fulfills the lively needs of everyone.

While it is acceptable fact that 90% of the international trades were done by ships. These ships are lifeblood for the world economy. Cargo ships carry a tons of goods and has a dedicated transport process.

But as always everything is not so sweet as it seems. As like every other industry the shipping industry also have many fundamental problems which needs to be addressed immediately. Firstly the entire shipping industries working process runs on outdated technical modes
Still every data exchange is done through paperworks and this leads to so many errors. Processing of theses paper applications consumes a lot of time which ultimately delays the entire completion process. Due to the complex industrial processes every market participant have to rotate between the internal departments to get the work done.

Another inattentive and important problem is that the entire shipping network runs on centralized structure. Thus manual operations makes the process more costly. According to a report more than 1.26 billion of invoices were processed in the year 2017 and to process and inspect these invoices by logistics amounts to $34.4 billion. With this you may understand how important and expensive is the processing of invoices. That's why the shipping industries annual turnover amounts to $166 billions of dollars.

But now thanks to a team of professionals who are decided to create a project called Payment Porte to provide an ultimate solution.

About Payment Porte

The main aim of the Payment Porte project is to create blockchain technology powered decentralized platform which aims to solve shipping industry problems. Thus Payment Porte brings transparency, trust, reliability and security in every industry process. Payment Porte's decentralized web application allow every shipping participants to utilize blockchain powered solutions to process industry applications at reliable and faster rate. It is worth to note that every transaction will be recorded in immutable blockchain network which increases trust.

Every shipping industry related information with be stored in single database which allows to access it reliably. The Payment Porte's team had already released their application in Android and iOS platforms. The application allow every participants to connect with single payment port, it helps to settle the payments at faster rate. Users have the option exchange Fiat money with crypto and vice versa easily.

It is worth to note that the developers of the Payment Porte has decided to develop their project on Stellar blockchain network. Stellar network process the transaction at faster rate work less transaction cost and it meets all the requirements of the Payment Porte.

Utilization of blockchain technology for storing the data, invoices and other shopping documents helps to process and recheck them at any time. Thus participants can get information about the ship and it's cargo at anytime. Blockchain help the market participants to fill the invoice applications accurately without any errors. This helps to process the invoices at faster rate than earlier one. Every transaction cost will be very less and it helps to increase profit.

Payment Porte team also intended to release bank cards which allow market participants to use the provided services at convenience.

Token structure

• Token ticker: Porte
• Total tokens: 700 million
• Token price: $0.05

Conclusion

It is good to see such a real use case projects are developing on blockchain technology. Payment Porte team aims to solve every shipping industry problems by the utilization of blockchain technology. It's decentralized blockchain application allowed to perform every operation at transparently and securely. With Payment Porte users can settle payments from single place.

Finally I would suggest you to read the official whitpepaper of the project for more details. This project needs much public attention and I wish all the best for this great project.

Learn more about Payment Porte:
Website: https://paymentporte.com
Read Whitepaper: https://paymentporte.com/wp-content/uploads/2019/07/1_4976791662022885471.pdf
ANN thread: https://bitcointalk.org/index.php?topic=5164591.msg51799407
Telegram: http://t.me/PaymentPorte
Facebook: https://www.facebook.com/portetoken/?modal=admin_todo_tour
Twitter: https://twitter.com/PaymentPorte
LinkedIn: https://www.linkedin.com/company/35467487/admin/
Reddit: https://www.reddit.com/user/paymentporte

About Author:
Bitcointalk username: Abhijeetcg
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ETH address: 0x96e95a1F40cf5a50178053740ADE18046815362d