Quantoz

  • Campus BizLab Hamburg
  • Country: Netherlands
  • Category: Streamline business and financial processes
Quantoz
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Blockchain Peer to Peer payment Instant settlement Internet of Things Industry 4.0
Quasar provides the infrastructure for instant payment and transaction settlement between enterprises, people and the Internet of Things

Description


The near future will bring an influx of smart devices connected to the Internet. The amount of transactions between consumers and devices, and even more important between devices will grow exponentially. This will create a need for (instant) financial settlement of transactions on a much larger scale than the current payment market handles.

Micro-payments for micro-services, instant settlement between software appliances anywhere on the globe, and machines holding their own payment deposits have not been anticipated within the traditional banking infrastructure. Transactions are too expensive, settlement is not firm and machines cannot have a bank account.

Quasar, the Quantoz digital cash solution provides the infrastructure for payment settlement in the Internet of Things (IoT) and for transactions where immediate, global and/ or irreversible settlement is desirable.

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