$EPAZ +11.17% Epazz, Inc. (EPAZ) Customizing Dispu
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Global cost of resolving commercial disputes through litigation estimated at $870 billion
Blockchain-based smart contracts can streamline business, increasing efficiency and reducing costs
Increasing admissibility of blockchain records for legal purposes creates opportunity for smart contracts
Epazz, Inc. (OTC: EPAZ), a leading provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, is poised to generate new sources of revenue with its patent-pending Cordtell blockchain-driven ‘Smart Contract’ technology, company spokesman Matt Chipman said during a recent interview on MoneyTV with Donald Baillargeon.
“Blockchain legal contracts are believed to be the way business is done in the future,” Chipman said in describing the patent-pending technology behind Cordtell and the company’s expectation that it will generate new sources of revenue. “Epazz is going to offer dispute resolution, customization, and integration (with Cordtell).”
Blockchain technology is generating buzz in every market sector as industry leaders begin customizing the technology to fit specific uses, an article published by Deloitte states (http://nnw.fm/3GvcT). Blockchain-based smart contracts, described as self-executing code on a blockchain that automatically implements the terms of an agreement between parties, could streamline processes that are typically spread across multiple systems and databases. EPAZ
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