Just As Blockchain Could Play A Key Role In Healthcare Supply Tracking In National Emer-gency, iQSTEL’s itsBchain LLC Subsidiary Can Disrupt FinTech Payments
A new bill introduced in the House proposes a larger role for blockchain technology in the tracking, shipping and maintenance of drugs, medical devices and other items necessary for the strategic national stockpile in the event of a national health emergency. Clearly inspired by the current COVID-19 pandemic, the proposed legislation seeks distributed ledger technology or blockchain to organize and track the location, supply line and ensure that enough supplies are sent to the states. In a similar move, iQSTEL’s (OTC: IQST) itsBchain LLC Subsidiary is using blockchain to disrupt the FinTech payments industry with quickness, transparency and cost-cutting technology.
Blockchain is in the news daily. Media companies such as Stock Market Press are reporting on the fast growing blockchain and 5G telecommunications market. It keeps readers up to date on 5G company stocks such as iQSTEL Inc. (OTC: IQST), Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS), Ericsson (NASDAQ: ERIC), HIVE Blockchain Technologies Ltd. ( (OTC: HVBTF) and Long Blockchain Corp. (OTC: LBCC) in 5G and blockchain networks. Also covered are trends by semiconductor manufacturers Qualcomm (NASDAQ: QCOM), Qorvo (NASDAQ: QRVO) and Skyworks Solutions (NASDAQ: SWKS), among others.
Just As Blockchain Could Play A Key Role In Healthcare Supply Tracking In National Emergency, iQSTEL’s (OTC: IQST) itsBchain LLC Subsidiary Can Disrupt FinTech Payments
An article in Blockchain News describes how that bill from a Massachusetts Congressman tells how blockchain in the future can organize, track and prepare the U.S. for a future pandemic like the one we are experiencing today. It calls for distributed ledger technology to play a lead role in the new program. The bill proposes expenditures of $25 million annually in fiscal years 2021 and 2022 for the blockchain program. Just As Blockchain Could Play A Key Role In Healthcare Supply Tracking In National Emergency, iQSTEL’s (OTC: IQST) itsBchain LLC Subsidiary Can Disrupt FinTech Payments.
The ‘Strategic National Stockpile Enhancement And Transparency Act’ sponsored by Rep. Stephen F. Lynch (D-Massachusetts) seeks to utilize blockchain distributed ledger technology to track and maintain the suppliers in the future. Blockchain has impacted industries from legal (Smart Contracts) to international payment processing and settlements. Just As Blockchain Could Play A Key Role In Healthcare Supply Tracking In National Emergency, iQSTEL’s (OTC: IQST) itsBchain LLC Subsidiary Can Disrupt FinTech Payments.
iQSTEL Inc.’s Subsidiary itsBchain LLC Also Seeks Blockchain Technology To Disrupt And Improve International FinTech Payments Settlement Industry With Speed, Full Transparency
Also employing blockchain distributed ledger technology to disrupt industry is iQSTEL Inc.’s (OTC: IQST) 75% owned itsBchain LLC subsidiary. As the House Bill seeks a role for blockchain to track emergency medical supplies, iQSTEL is disrupting the international FinTech payments and settlement industry. itsBchain LLC has completed its blockchain-based payment solution software blueprint which can shorten the receivables timeframe from 35-40 days currently to as little as one day. It also mitigates fraud and provides full transparency.
The blueprint is for Voice, SMS and Data Wholesale Carrier Settlement and Payment Platform for Tier 1 Carrier Interconnects such as Telefonica and Deutsche Telecom. Cross-border settlements are a significant and growing issue ripe with fraud, long time frames and archaic identification of participants. Blockchain offers transparency, speed and mitigates fraud. Just As Blockchain Could Play A Key Role In Healthcare Supply Tracking In National Emergency, iQSTEL’s (OTC: IQST) itsBchain LLC Subsidiary Can Disrupt FinTech Payments.
iQSTEL Inc.’s Subsidiary itsBchain Has New Blockchain Payment Software; Study Predicts Cross-Border Payments Will Hit $4.4+Trillion By 2024
A research report by Juniper Research projects that cross-border blockchain payments will reach $4.4+ trillion by 2024. The study is titled, “Blockchain: Key Vertical Opportunities, Trends & Challenges 2019-2030.” It estimates that blockchain could save financial institutions $7 billion by 2024 through automation and ease of identifying users. The itsBchain LLC payment solutions software is designed for use by the company’s current clients: Telefonica, Deutsche Telecom and other Tier 1 Carrier Intercepts.
Blockchain Technology Is Turning The Payment Processing World Upside Down
In a statement, iQSTEL Inc. (OTC: IQST) said, “Blockchain technology is turning the payment processing world upside down. Rapid processing with fraud mitigation all in one forensic friendly system will drive the Telecom market out of the dark ages into the 21st century.” The software blueprint is for its blockchain-based Voice, SMS and Data Wholesale Carrier Settlement and Payment Platform. iQSTEL Inc.’s subsidiary itsBchain has new blockchain payment software; study predicts cross-border payments will hit $4.4+ trillion by 2024.
Software Shortens Lead Time Frames To As Little As One Day
Mr. Iglesias, CEO of iQSTEL Inc. (OTC: IQST), said, “The demand for an efficient Tier-1 payment system is felt across the telecom industry as a whole. Currently, receivables time frames are 35-40 days. Our vision in istBchain is to be the first blockchain solution for this market, dramatically reducing the receivables time frame to as little as a day.”
The Payment System Is Designed To Bring Transparency, Efficiency And Increased Profits
Another important element of this blockchain-based payment solution software blueprint is fraud prevention. Mr. Iglesias said, “Today, the carrier interconnection market is worth hundreds of billions of dollars per year and our system will bring transparency, efficiency and increased profits to the carriers.”
itsBchain LLC Is Uniquely Positioned To Develop Blockchain Applications Based On Smart Contracts And Blockchain Technologies
Mr. Iglesias, CEO of iQSTEL (OTC: IQST), said, “itsBchain is uniquely positioned to develop telecom applications based on smart contracts and blockchain technologies. Mobile number portability and carrier wholesale VoIP, SMS and Data payment solutions are just two of the projects itsBchain has under development. We believe the synergy between our subsidiaries, as well as our existing clientele, will greatly benefit from this acquisition.”
Source: Stock Market Press
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