Bee... The future ofBlockChainFinTechtechnology in EGYPT.

Bee
BeeBlockChain technology

Introducing BlockChain technology

Bee is the first payment aggregator in Egypt that implemented Block Chain Technology!

Bee has revolutionized the way of payment solutions in Egypt. By combining the best of traditional financial tools with the flexibility and transparency of modern technology, we’re making E-payments simple, secure, and affordable. With the blockchain technology implemented into payment platform we provide a fundamentally different and reliable experience for our partners and customers.

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Our Objective

From implementing BlockChain

Blockchain is shared ledger recording technology that allows every participant to see and permit every entry into  a system, thus preventing changes in records that are singular or not approved by al other authorized participants. Each block in the chain contains a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s ledger. The decentralized database managed by multiple participants is known as Distributed Ledger Technology (DLT). Blockchain is a type of DLT in which transactions are recorded with an immutable cryptographic signature called a hash.

Hence, while making payments, you don’t have to worry about that any records could be altered by a fraudulent activity. Every block contains its own hash as well as the hash of the previous block, they are chronologically linked. Hence, no one can tamper with the records on the blockchain, as any change would be visible. Thus, blockchain payment systems ensure high-level security, safety and transparency to assure you that your payments are authentic and safe.

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Benefits of using

Bee blockchain Technology

  • There are many benefits to using blockchain. What ties them all together is that blockchain erases the need for a human mitigator. No intermediary, such as a banker or lawyer needs to approve your transaction. If the transaction is deemed legitimate, it’s blocked and added to the chain. This makes the process quicker, cheaper, and of course free from human error and fraud.

  • Blockchain’s data structure cannot be altered or deleted. To tamper with the information in a blockchain, each copy of the ledger on the majority of participating computer nodes would need to change the same piece of information.

Blockchain for Business

Faster Business Transactions

  • Most operation departments want more efficient, safer ways to process payments and manage other business transactions. Because of the automation and transactional transparency that it provides, blockchain technology eliminates the need for an intermediary when processing payments
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Blockchain for Business

Intelligent Contract Execution

  • One of the challenges that many sales operations teams face today is the ability to manage multiple contract term expiration dates, signage requirements and auto-renewals. Rather than drafting contracts in a standard Word document or PDF format, blockchain technology allows these agreements to be digitized and managed through a series of coding protocols.

Blockchain for Business

Better Quality Assurance and Auditing

  • Having an accurate record of transactions is imperative when developing and executing quality assurance protocols. With the development of blockchain technology, businesses are now able to identify problems in the manufacturing and distribution process and track where they are originating with unparalleled efficiency. The permanent records that blockchain establishes make financial audits, for both internal systems and external partnerships, much more accurate and less time-consuming.
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Blockchain for Business

Who?

  • Regulator responsible to supervise electronic payments industry intends to ensure that payment data is not being tampered, corrupted or edited by any unlawful behavior;
  • Service provider, Bank or partner intends that payment data is genuine and was not altered by any participants in payment scheme

How?

  • Blockchain provides common ledger for every transaction process through payment system
  • Allows bank and counter-parties to have the same validated record of transaction and fulfillment
  • Provides online supervsion and monitoring for recorded transactions.

Blockchain technology brings with it new accounting automation solutions never before seen in any industry.

By implementing new blockchain tools and services, companies can start to reap the benefits that new age business automation and smart technology will bring to their organizations.

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Reach out to us

Call Us Now

  • 16233 (16BEE)
  • Phone: +2 0225976404
  • Fax: +2 0227508894

Send A Massage

  • info@bee.com.eg
  • marketing@bee.com.eg
  • support@info@bee.com.eg

Main Office

  • 2A, 200 St. Maadi, Cairo, Egypt.