Many companies have their affiliates, partners and customers located in different cities, regions and countries. At the same time, all companies have differences in the accounting system, document circulation, financial systems, data types and currency differences. All these differences require prompt and quick coordination of documents between companies. But at the moment these differences do not allow quick and prompt closing, agreeing and correcting the documentation. More than 75% of companies spend a lot of time and money, when working with paper documents and in reconciling inter-firm differences. And it is not surprising that 2-3 of the most experienced accountants lead the main work in the accounting department.
In turn, the owner of the company can not quickly, transparently and online to see the entire financial situation in their company. While this is essential in dealing with operational management issues.
Document management and bookkeeping are a problematic issue in the work of any company and their managers are ready to invest funds on programs and computer technologies that will ensure transparency of financial documentation and document circulation.
SEDO-What is it?
SEDO is a product that can make document circulation between companies fast, operational and completely transparent. SEDO - combines a decentralized database that has unlimited computing power, is not subject to hacker attacks and ensures the permanence of the previously agreed data. The platform provides transparency and the ability to manage the relationship between the supplier and the buyer, which is not unimportant in controversial situations. Storage of documents in encrypted form will meet the most modern security requirements.
Mining SEDO works by providing redundant capacity for the users of the system. Each negotiation, change, and confirmation of a document is a transaction. Transactions require a certain amount of power that miners provide. For each transaction the system users pay the Commission-some of the funds are received by the miners and some part the platform receives itself.
The distinctive feature of SEDO is that it is the first product that allows you to use Blockchain technology really in the sphere that is needed by large companies and they will not regret it for money. Perhaps, the ordinary user will think that this idea is not accustomed, but imagine that one head office has 50 retail stores in the city and 10 in the neighboring region and it is almost hourly needs to know the remains of a product in the warehouse, promptly. See the terms of the lease agreement, what quantity of goods was ordered last month, when the power of attorney from the company representative ends. And all these problems arise every day and need to be addressed promptly. Therefore, SEDO has every chance to fully digitize and automate all of the company's documentation and make their business more successful. And given that their SEDO PoW Tokenis already traded on the stock exchanges-it says a lot.
