Page 1

HOW TO BUILD NEW RELATIONSHIPS WITH BLOCKCHAIN TECHNOLOGY COMPANIES? Businesses are all about building relationships. A business builds a relationship with its clients and customers to ensure more business. It builds relationships with other businesses to complete tasks. It even builds relationships with other people to assign freelance tasks. These relationships going forwards enable the organizations in question to complete more tasks and become an entity and then evolve into a brand. This is the reason Blockchain Technology Companies are in such a vogue these days.

WHAT IS BLOCKCHAIN AND WHAT DO BLOCKCHAIN TECHNOLOGY COMPANIES DO? Blockchain, as the name suggests are a chain of Blocks. These blocks contain valuable information like in the case of Bitcoin and other Cryptocurrencies a cryptographic hash of the previous block, a timestamp, and transaction data. However, the most powerful aspect of a Blockchain is that it is an open, distributed ledger that records transactions between two parties efficiently and in a transparent, verifiable, and permanent way. That is why it is such a big favorite of upcoming cryptocurrencies. However, what Blockchain Technology Companies are doing with this software is what Blockchain’s creator Satoshi Nakamoto couldn’t possibly comprehend. They are trying to create networks and build relationships around the globe by using these said blocks, to store not only the regular data but also a task and assign it to someone or some company across the planet. This helps the company who employs this new Enterprise Relationship Management system become more cost effective but also a big entity not only around their region but also across the planet.

WHAT IS AN ENTERPRISE RELATIONSHIP MANAGEMENT OR ERM SYSTEM? Enterprise Relationship Management or ERM in short is a software build and employed by large organizations to let an enterprise manage its network resources efficiently. This can be easily explain using Mr. Galbreath words which he explain ERM to be “the leveraging of network-enabled processes and activities to transform the relationships between the


organization and all its internal and external constituencies in order to maximize current and future opportunities”. The best example of an ERM software is from one from the most influential and innovating blockchain technology companies Loyakk Inc. Loyakk’s new Vega Software Platform is already revolutionizing business operations for giant brands like SAP, Infosys etc by giving them an opportunity to connect with their clients and head offices around the globe using this platform. This software also allows them to seamlessly connect with their contractors and assign them a task with a monitory value in a block. The idea is simple, you have been assigned a task, you complete the task and the block will open up and transfer a payment to you in the form of a cryptocurrency. The cryptocurrency which Loyakk uses is called a LYK Token and it is integrated into the Vega platform .

CONCLUSION Blockchain might feel confusing but with the its integration into enterprise relationship management system from the likes of Loyakk has propelled both it and the blockchain technology as whole to the next level and soon it will be a part of everyone’s life. So if you are one of the organizations who deals internationally we suggest you visit Loyakk.io and opt in for their software today.

How to build new relationships with blockchain technology companies  

Loyakk brings your financial solution powered by blockchain technology that manages, operates and develops end-to-end digital solutions to m...

How to build new relationships with blockchain technology companies  

Loyakk brings your financial solution powered by blockchain technology that manages, operates and develops end-to-end digital solutions to m...

Advertisement