Telephone advisory service is soaring in popularity and used in different parts of the world. For the implementation of this service, advisors are required to sign up on the telecommunication service provider platform to agree on the rate for each call made per minute, and when the user puts a call through to the service number, money will be deducted from the user’s account by the telecommunication service provider based on the preset rate. Both the service provider and the network operator will receive a portion of the funds generated at the end of the month. This results in reduced profitability, expensive service rate, delayed payments and cumbersome service registrations. AdvisoryNetwork seeks to eliminate this problem by utilizing the blockchain technology.
AdvisoryNetwork offers the following advantages. First, it eliminates intermediaries thereby resulting in the reduction of money paid by service users as well as helping the service providers to gain more profits. Second, AdvisoryNetwork offers an instant and direct payment system for the service provider without any middlemen. Service payment is automated and is made by the blockchain and a smart contract. Third, the use of blockchain technology and smart contract will enhance the reliability of the platform. Furthermore, end users can either use the PC application or a mobile application to search for services. The AdvisoryNetwork is embedded with an extension utility, used by service providers to issue their customized mobile application for each service. Lastly, the AdvisoryNetwok offers B2B2C option rather than the B2C incorporated into the SaaS model. This implies that any individuals or organizations can use its advisory platform without controlling its own system or resorting to self-building process or system upgrade.
AdvisoryNetwork comprises of three main components. The AdvisoryNetwork Hub, the AdvisoryExpert and the AdvisoryNetwork Management Platform. The AdvisoryNetwork Hub is the desktop/mobile app that allows the end users to search for company profile, online advisory service, call rates per minutes, individual advisor information as well as make or transmit video to the advisor. The AdvisoryExpert is the desktop/mobile app that enables service advisors to answer or receive calls from end users. For the AdvisoryNetwork Management system, it manages all the stakeholders (individuals, organizations who want to utilize the online advisory services), advisors, company profiles and the call costs. The AdvisoryNetwork was initiated and built by a group of professionals. The team comprises of Aaron Macvitle (Founder and CEO), Lucas Angelo (CTO and Co-Founder), Holly Bannister (CFO), Jullan Woodfull (Development Team Lead), Dean Rouse (Blockchain expertise), Nicholas Macansh (Frontend expertise) and other team members.
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Author - Coltpython
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