Epazz, Inc.
Epazz, Inc.: Epazz Releases Alpha Version of StreamPay Supply Chain Risk Monitoring and Payment Tracking Solution
26-Jan-2021 / 07:21 CET/CEST
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Epazz Releases Alpha Version of StreamPay Supply Chain Risk Monitoring and Payment Tracking Solution Using Blockchain
Smart Contract Technology to Trace Raw Materials to Finished Goods
We will start the process of attracting beta customers to the solution for general release later this year
CHICAGO - via NewMediaWire -- Epazz Inc. (O.T.C.: EPAZ), a provider of blockchain cryptocurrency mobile apps and
cloud-based business software solutions, announced today that the company is releasing an alpha version of its app to
attract beta customers to its StreamPay service app. StreamPay is a solution for managers to monitor their supply chain
for risk fraud using blockchain smart contract technology to trace raw materials to finished goods. Please visit https:
//www.streampay.io
Companies' supply chains are now global, and they depend on the global supply chain to deliver goods and services to
their end customers. Many companies spend millions of U.S. dollars a year to maximize their supply chain to deliver
increased profits to shareholders. Companies are looking for ways to better manage their logistics processes,
transportation, inventory management, and quality assurance. Having a response-based business model is the practice of
keeping low inventory to respond to changes in the marketplace. This model helps in shelving the latest products and
services while reducing product returns and spoiled goods, employing the latest technology, and providing the freshest
food products. This model reduces dwell time (time that finished goods are idle and provide no value). To effectively
manage this responsive supply chain, companies must monitor their suppliers and share information internally and
externally. The faster critical information is shared with the supply chain network, the faster problems can be
prevented and resolved. Sometimes, the problem is as simple as making a payment. However, increased globalization means
the increased use of local currencies. Some countries do not accept payment from some banks, while some banks restrict
the forms of payment or delay funds for days or even weeks. The global supply chain requires a global payment solution
that is fully integrated into the supply chain risk monitoring solution.
StreamPay is an enterprise supply chain risk monitoring and payment tracking solution that uses blockchain smart
contracts to manage suppliers and finished goods. StreamPay technology keeps distributed ledgers to create articles to
insert smart contracts so supply chain manufacturers, suppliers, vendors, logistics companies, and customers can track
goods and services from the raw materials to the finished product using QR codes and digital signatures.
StreamPay gives companies the ability to monitor their supply chain to determine whether it faces any risks. StreamPay
features a risk index that alerts users on their dashboards to any supply chain problems that could arise. StreamPay
manages quality assurance to ensure the finished goods meet the requirements the customers set. It also allows
inspectors to issue certifications to suppliers and partners. Finally, StreamPay enables parties of a transaction to
make policy decisions, and its smart contracts issue payments to suppliers when goods or services have been delivered,
based on the terms of the smart contracts. The parties can pay in USD, euros, or cryptocurrencies, and the StreamPay
wallet maintains the current local exchange rate. This provides users a worry-free payment experience, and users do not
need to buy and sell cryptocurrencies to pay for small items.
Shaun Passley, Ph.D., CEO, and chairman of Epazz Inc., said, "We started the project in 2019, and it is ready to start
finding beta customers to prepare the solution for general release."
About Epazz Inc. (www.epazz.com)
Epazz Inc. is a provider of blockchain apps and a cloud-based software company specializing in providing customized
cloud applications to the corporate world, higher-education institutions, and the public sector. Epazz BoxesOS(TM) v3.0
is a complete web-based software package for small- to mid-size businesses, Fortune 500 enterprises, government
agencies, and higher education institutions. BoxesOS provides many of the web-based applications organizations would
otherwise need to purchase separately. Epazz's other products include K9Sky.com kennel software and the Provitrac
applicant tracking system.
DeskFlex is a desk booking solution and room reservation software for booking conference rooms, meeting rooms,
workspaces, desks, car parking spaces, and office equipment. DeskFlex meeting room scheduling system helps office
managers accommodate remote workers' time in the office, reducing rent and facility costs. DeskFlex lets employees
reserve desks in advance or claim desks right away. It adjusts the telephone switch (PBX) so calls ring at the "desk du
jour." DeskFlex includes check-in, point-and-click floor maps, a web browser, a local kiosk, Microsoft Outlook
integration, and conference room scheduling.
SAFE HARBOR
This is the "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: certain statements
contained in this press release are "forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements can generally be identified using forward-looking words such
as "may," "expect," "intend," "estimate," "anticipate," "believe" and "continue" (or the negation thereof) or similar
terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause
actual results to differ materially from future results or those implied by such forward-looking statements. Investors
are cautioned that no forward-looking statement is a guarantee of future performance and that actual results may differ
materially from those contemplated by such forward-looking statements. Epazz Inc. assumes no obligation and has no
intention of updating these forward-looking statements. It has no obligation to update or correct information prepared
by third parties that are not paid for by Epazz Inc. Investors are encouraged to review Epazz Inc.'s public filings on
SEC.gov and otcmarkets.com, including its unaudited and audited financial statements and its O.T.C. market filings,
which contain general business information about the company's operations, results of operations, and risks associated
with the company and its operations.
CONTACT: For more information, please contact
Investor Relations
investors@epazz.net
https://twitter.com/epazz?s=20
(312) 955-8161
www.epazz.com
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Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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1163154 26-Jan-2021
(END) Dow Jones Newswires
January 26, 2021 01:22 ET (06:22 GMT)