ADVISORYNETWORK: BRINGING REVOLUTION TO TELEPHONE ADVISORY SERVICES
INTRODUCTION
Many things were said about blockchain technology but today it's the most trending technology in this current era. My friend always says " outstanding innovations most times will be rejected at first, but with constant upgrades, the world will have no other choice than to embrace it". This can be likened to blockchain technology.
Blockchain technology has revolutionized the world in ways never seen before, as can be seen in;
a. Finance systems,
b. Healthcare systems,
c. Gaming platforms, etc.
There are certain attributes of blockchain technology which makes this revolution a reality, these includes;
a. Decentralization: Which ensures proper protection of users data, as well as ensuring users are in control of their personal data,
b. Smart contract: The use of this ensures all real-time transactions are carried out successfully with no point of failure,
c. Time-stamping: This ensures no real time transaction is lost.
Owing to the benefits associated with blockchain technology as well as its outstanding features, a team of brilliant minds aims to embrace this technology thereby creating a blockchain-based platform, in the long run, being part of the revolution brought by blockchain technology. This is no other platform than ADVISORYNETWORK.
WHAT IS ADVISORYNETWORK ALL ABOUT?
In a nutshell, AdvisoryNetwork is a consultant Blockchain Software-as-a-Service (BSaaS) platform. AdvisoryNetwork is a blockchain-based platform offering organizations and individuals the necessary connection solutions. These organizations and/or Individuals provides advisory services for consumers through video and voice calls.
With AdvisoryNetwork being a BSaaS, it offers a business model known as Business-Business-Consumer (B2B2C). This model involves the following stages;
a. AdvisoryNetwork providing the needed software or connection solutions for service providers as well as their end users,
b. The service providers then supply the needed consultancy services to their end users. This includes keeping up to date information about;
i. Services,
ii. Advisors,
iii. Experience and
iv. The advisory rate of call per minute.
c. The end users being armed with the right information then finds the right service provider, thereby knowing the service rate each advisory minute will cost prior to consultancy. On agreement, the consultancy can be done via video or voice call.
Why Blockchain Technology?
Blockchain technology is very vital to the success of AdvisoryNetwork, this is because blockchain technology ensures transparency, trust and reliability, and the blockchain which fits best is the Ethereum blockchain.
Why? Ethereum blockchain is already established with proven stability and security. With the Proof-of-Work algorithm as well as Ethereum consensus algorithm, optimum security is guaranteed.
Furthermore, to avoid congestion associated with Ethereum blockchain, AdvisoryNetwork will implement a Lightening Network protocol which will be used to enable transactions in Ethereum network, thus reducing transaction costs.
WHAT ADVISORYNETWORK AIMS TO ACHIEVE
AdvisoryNetwork aims to solve the challenges associated with the current telephone advisory systems.
The Root of The Problem:
It is a well-known fact that the telephone advisory services is very famous as it is used worldwide. For this service to work;
a. First, advisors have to register with the right telecommunication service provider, thus setting the rate each of the call minutes will cost,
b. When the users call comes in, the telecommunication service provider will charge the user, by automatically deducting the user's account at the preset rate.
c. At the end of the month, a portion of the amount deducted from the user's account will be transferred to the service provider while a large portion will be kept as a commission for the network operator.
These processes lead to the following problems;
a. Reduced profitability,
b. Complex service registrations,
c. High service rate,
d. Delayed payment.
The Solution:
AdvisoryNetwork being a blockchain-based platform offers the following solution;
1. Reduction of cost and maximizing of profits through the removal of intermediaries: This is achieved with the aid of blockchain technology, thus ensuring service users pay low while service providers become more profitable.
2. Reliability made possible with the aid of a smart contract: Before a service user makes a call, the associated account will be check for positive balance, then locked till the call is over. Once the call ends, the smart contract pays the service provider while unlocking the remaining token.
3. Payment is instant without the need for intermediaries: AdvisoryNetwork achieves this with the use of smart contract and blockchain solutions, thus ensuring a transparent and automatic process.
4. Easy location and access to services: End users will have the opportunity to easily search for services with the aid of a mobile app or PC app. This app acts as a hub which end users can use to search for services.
5. Easy service implementation: AdvisoryNetwork achieves this by providing a B2B2C solution using a SaaS model. The result of this is that organizations or individuals can utilize AdvisoryNetwork's solution without the need for building their own system. AdvisoryNetwork solution also ensures security.
ADVISORYNETWORK TOKEN
AdvisoryNetwork token ADN is an ERC20 token built on Ethereum blockchain. It is a utility token with the total supply of 900,000,000.
Service consumers use ADN to pay for advice services while service providers use ADN for accessing AdvisoryNetwork system. Service providers also earn ADN for providing video or voice call advisory services.
CONCLUSION
AdvisoryNetwork aims to bring the disruption needed in the telephone advisory services. This is achieved through the use of smart contract and blockchain solutions, thus ensuring a reliable platform offering good profits for service providers, lesser pay for service consumers as well as easy access to services etc.
TEAM
ADVISORS
TO KNOW MORE ADVISORYNETWORK
Join the Telegram Group: https://t.me/AdvisoryNetwork
Follow on Twitter: https://twitter.com/ADN_Advisory
Follow on Facebook: https://www.facebook.com/Advisornetwork
Follow on Medium: https://medium.com/@advisorynetwork
Follow on LinkedIn: https://www.linkedin.com/company/advisory-network/
Subscribe on YouTube: https://www.youtube.com/c/AdvisoryNetworks
Website: https://advisorynetwork.io/
Whitepaper: https://advisorynetwork.io/whitepapers/AdvisoryNetwork_EN.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=4137971.msg38179590#msg38179590
Writer's Bitcointalk Username: Emmy92
Writer's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1329140