The Fortacast team speaks about how they can help you streamline your business and increase efficiency, especially in the area of day-to-day accounting, data intergrity & security and reporting.
Allow me to introduce Dr. Andrew Tang, CEO & President/ Co-Founder
Felina Khong, Exec. V.P of Marketing & Partnerships/ Co-Founder
Peter Tang, Exec. V.P of Business Development/ Co-Founder
Tom Hughes, CTO/ Exec. V.P of I.T
Joining us today are V.Cs, executives form across industries and other luminaries of the business world.
At Fortacast, “Bitcoin” is not just a buzzword. It’s an integral part of a tangible business model built around technology that cuts labour costs for large companies.
Many accountants, finance dept. staff and end-users such as upper management decision makers can tell you about how difficult it can be to obtain reliable data. Data that is used to track past performance, or more importantly, to adapt to changing conditions. To this end, back-office accounting functions cost U.S. companies $160 Billion a year.
Dr. Andrew Tang knows this all too well, as he recalls his experience and pains developing systems at his past workplaces.
Right now, end-to-end systems are not being used in all companies. At each step, between disparate system, costs accumulate. Fortacast aims to provide a solution by providing an end-to-end system that streamlines the entire accounting process. As they say, proof is in the pudding. Fortacast has it shaken and baked, and ready for clients to try out. With a proof-of-concept prototype, clients can test out Fortacast's product for themselves.
Tom Hughes shares his experience in data security. To bring the point home, he brings up the recent data breach at Equifax.
If Equifax used blockchain technology, 143 million peoples' data might not have been compromised.The other way it could have averted this was probably to store data, lock it away and throw away the key. But then, what use would this data then serve?
The Fortacast platform connects data management systems. The blockchain technology is used to make different ERP systems compatible. And it also provides enhanced security that is especially relevant when data has to be shared across many users.
In a word, ICO on equity is NOT allowed. Fortacast is NOT a security/equity based ICO. It does not grant a holder ownership over the company, neither does it represent a voting share in the company. Fortacast's ICO is a utility ICO which is distinct in which it does NOT represent ownership in the company. Rather, it grants access to the services offered by Fortacast.
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