Telephone advisory service is extremely popular and used in different parts of the world. To utilize this service, there is a need for advisors to come to terms with their respective telecommunication provider so as to agree on the call rate. Whenever the user makes a call to another line, the telecommunication service provider will make a deduction based on the agreed rate. The service provider will get part of the funds generated while the rest of the funds will be retained as the commission fee for the network operator after all the transactions have been checked thoroughly done on a monthly basis. This results in cumbersome service registrations, reduced profitability, delayed payment and the high cost of service rate. AdvisoryNetwork is powered by the blockchain technology to eliminate this problem.
AdvisoryNetwork comes with numerous benefits illustrated below; Firstly, it eliminates intermediaries from the transaction process thereby resulting in maximum profit and reduced cost. Secondly, the platform offers an instant and seamless payment option for the service provider without the inclusion of intermediaries. Service payment is automated and facilitated by the blockchain technology and smart contract which implies that everything will be processed and executed in a transparent manner. In addition, the use of the blockchain and smart contract enhance the reliability of the payment system.
Furthermore, the platform is designed with an extension utility that permits each service provider to build their personalized mobile application, which is unique for each service. The provider only needs to input the information and it will issue the application automatically. This enables end users to search for services using either the PC application or the mobile application. Lastly, this platform offers a B2B2C model rather than using the B2C model embedded with SaaS system. This implies that any individuals or organizations can access their advisory platform without engaging in the operation or development of the system and other operations like system upgrade or security.
AdvisoryNetwork comprises of three main components;
The AdvisoryNetwork Management platform manages all stakeholders comprising of the individuals and organizations who want to utilize the online advisory service, the advisors, company profile, and the call costs. The AdvisoryNetwork Hub is simply the desktop/mobile app that gives access to the end users to enable them check the company profiles, the call rates per minutes, and search for the individual advisor information and the online advisory services. For the AdvisoryExpert, it is designed in form of desktop/mobile app to enable service advisors answer and receive calls from their customers.
The ADN token used on this platform is likened as the core of the system and the utilization of this token helps to ensure that the transactions are completed quickly, bring in more people, reduce the service rate, fast implementation of the service, increase the usage of the token as well as increase the rate of the token. AdvisoryNetwork was conceptualized and built by a team of experts and advisors. It was founded by three experienced professionals and the three of them in collaboration with other professionals have taken up several responsibilities to ensure quality service delivery.
To find out more about this project, here are some related links:
Website, Whitepaper, Telegram, Facebook, Twitter, Bitcointalk ANN thread
Writer's bitcointalk username: Anike01
Writer's bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1565368
