In this time of global commerce merchant services and payments, providers should remain profoundly responsive to its steadily developing inclinations, making an interpretation of patterns into reformist installment preparing arrangements and relinquishing conventional POS design and philosophy.
Consumers aren’t interested in obsolete POS options and loose security standards; but, they’re looking for a seamless experience that maximizes ease. This means merchant service providers must adopt continuously improved qualities to match emerging trends.
The payment model will continue to shift throughout this next decade in ways similar to the EMV chip card migration, only the technologies will be far more eccentric—integrating totally virtual and self-governing currencies and making it possible to purchase a new pair of shoes from anywhere on the globe with internet access.
THE CRYPTIC WORLD OF CRYPTOCURRENCY
There’s certainly an air of mystery surrounding Bitcoin and all of the cryptocurrencies that followed in its wake. From the get-go Bitcoin has stirred up more questions than answers, beginning with: who is Satoshi Nakamoto, the masked brainchild of this now global phenomenon?
Cryptocurrencies operate in a self-regulated, decentralized digital currency system. The system is built entirely on P2P interaction, and the network existing between an individual, who requests a transaction and miners who verify payments using algorithms. Once verified a new block is added to the ever-evolving blockchain.
These blocks are permanent and cannot be altered. In other words, cryptocurrencies are the first known form of currency not tethered to some kind of trust-based system; they are totally incorruptible.
We may reach a point in the near future where people are paying for their groceries with bitcoin and with other cryptos, and POS systems will have to liquidate cryptocurrency.
Blockchain Simplified with NEBLIO
We have come across a unique blockchain project that uses robust technology to make life easier for personal use to corporations. The project is Neblio and below are some of the highlights it has:
Neblio compatible third-party middleware and software frameworks
Neblio based software framework for production line management in the automotive and manufacturing industries.
A software framework for easier integration of the Neblio blockchain into apps and services as part of the IoT and internet economy.
Blockchain is an immensely valuable emerging technology for businesses small and large. However, the tools and software solutions available are too complicated for widespread adoption. Neblio was born in early 2017 out of the need for intuitive tools and simple solutions to drive the adoption of blockchain technology in the enterprise space. We’ve created an open-source suite of software solutions and a token protocol (NTP1) that simplify the development and deployment of applications utilizing blockchain technology in industries such as Supply Chain, Records Management, Gaming, Asset Tracking, Identity Management, and much more.
Main applications are in fields:
- Automotive parts production
- Electronic devices production
- Food Industry
- Testing laboratories
- Data Acquisition
The main applications are:
- Simulation of processes on production lines
- Process Time optimization
- Measuring pallet handle time on old production lines
- Data acquisition from ABB Robots with IRC controllers
- Control of small stations or workplaces
- Control of whole production lines
- Grabbing data about cycles from old production stations