Welcome to CryptoNewsICO,
on this occasion I will discuss Treon Project. Why am I writing about the TreonProject?
Because I am sure you
will need this project in your life very much, this project is very useful for
us all around the world.
Yes please, you guys on
the Treon project.
Introducing
Treon Did you know that
the average utility consumers stand in queues for 20 minutes every time they
pay their bills and, they do so 3 to 4 times per month? That’s an average of 90
minutes just queuing! Fortunately, now those queues have just got a whole lot
shorter, in fact they no longer exist thanks to Treon!
Treon is a token based
blockchain with a mobile dashboard and wallet solution for utility bill
payments, especially designed for the billions of customers using public
utilities to settle their bills using blockchain smart contract technology.
Treon is a new form of private, instant, verified and reliable transaction.
Easy and convenient,
Treon is totally transparent and trustworthy, a one-stop-shop for utilities
bill payments through just the one dashboard. Real-time, trackable and cost
reductive, Treon makes paying your bills effortless and seamless, from
virtually anywhere.
Treon is a platform on
the Ethereum blockchain built to enable consumers around the world to manage
and pay their monthly utility bills for usage on telecom, electricity, gas, and
water networks. The mobile phone as a mainstream digital, always-on tool is one
of the cornerstones of Treon’s business model and mass adoption strategy for
the billions of consumers.
Treon
App& Dashboard
For the utility consumer,
Treon app is a dashboard into his/her account to view usage and bill details
for the connected utilities, as well as to connect/disconnect “BillContracts”
with each of the utility company serving them. The app will have a
Notifications engine linked to the account alerting users on service related
events like bill due date, approaching consumption thresholds, high usage, low
balance, etc. Such notifications have been rarely experienced by users of
utilities around the world and we are focusing on it as one of the main
differentiators of Treon.
The wallet is the holder
of the user’s private key as through it the user executes actions on the
blockchain. The Treon Wallet will facilitate payment interactions between
Accounts. These interactions consist of BillPayment, submitting BillContracts,
approving BillContracts, showing pending and previous transactions, and
displaying the account’s balance. We developed and published a prototype of the
App that you can download now from the Android store. The final app will be
developed for Android and iOS devices as listed in the Treon roadmap.
Treon
Wallet
Secure, reliable, and
robust wallet to pay bills from one place using the currency of choice. As
described before, customers will receive loyalty points when paying with TXO
tokens, and that’s one of the strongest value adds of Treon. The Treon wallet
is built with the flexibility to allow customers to transfer between fiat and
TXO and other selected cryptocurrencies. Customers will have multiple ways to
top-up the wallet with fiat currencies: credit cards (for banked customers),
telecom recharge cards, over-the-air top-up, direct purchase of TXO through
ecosystem partners (utility companies and their contracted distributors), or
crypto exchanges.
Since the core value
proposition of Treon is convenience, we architected the solution and business
model to enable simple TXO to fiat exchange function using one click. It is an
important risk mitigation against crypto volatility. As we describe the section
on Treon issuance model, we intend to incentivise utilities to maintain
adequate levels of liquidity reserve in TXOs. We will give consumers the
ability to turn TXO tokens into local currency when needed.
Treon
TPP SDK
The Treon Payment
Protocol Software Development Kit (TPP SDK) is an off-chain set of tools aimed
at facilitating and expanding protocol adoption by utility companies. The TPP
SDK is meant to provide developers the tools they need to fully leverage the
Protocol.
The TPP SDK will contain
many different components and features including: 1. Tools and code samples for
utilities to interact with the blockchain 2. A repository of pre-signed and
pre-vetted “BillAuthorizers” to be used in “BillContracts”.
Treon
Digital Platform & API
The initial version of
the Treon app architecture which we are currently working on is relatively
centralised and relies on the Treon Server. To start using Treon and accepting
TXOs as a means of payment, the utility company would need to register through
the TPP Server to receive an API key. In turn, the TPP Server would communicate
with the utility’s SDK where the rules for the transaction would be set. These
rules would then translate into a “BillContract” targeting the client’s wallet.
To be able to access the details of the “BillContract” available in the wallet,
the customer would need to scan a QR code generated by the utility company for
his/her account and associated to their profile. If the information contained
in the “BillContract” is compliant with the parameters set in the customer’s
wallet, he or she then digitally signs it off and the data is automatically
sent to the TPP Server to execute the payment. The TPP Server would
authenticate the transaction, which would then be published on the Blockchain.
Ultimately, the “BillPayment” transaction would take the form of a Smart
Contract on the Blockchain network. The next iterations, Treon is aiming to
evolve into a truly decentralised payment system designed per the utility
company requirement.
Okay now we are at the end of the article, my suggestion please you visit the official website, whitepaper, and their official media below to get more information. Thank you for visiting my website, see you later.
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