RETAIL AND POS

REDUCING COMPLEXITIES

In today’s competitive climate, it has become more important than ever for everyone to embed the Point-of-Sale (POS) solution in their businesses. It allows businesses to improve the payment services, inventory processes, and customer services.

However, a blockchain-based point-of-sale solution can bring more reliability and traceability to the businesses. From inventory management to calculation of sales and taxes and using customer’s data to automate the payments, blockchain can simplify POS securely and efficiently.

BLOCKCHAIN TRANSFORMING POS SOLUTIONS

DATA STORAGE ON BLOCKCHAIN

Information related to billings, taxes, customer ratings, orders placed per day, and inventory can be stored and distributed across the blocks in the chain.

CRYPTO WALLET ENABLED PAYMENTS

The payments can be automatically deducted through the crypto wallet of the customer(s) when they place an order which gets transferred to the wallet of the business owner, and every transaction details get saved on the blockchain which can be later used for taxation or audit purposes.

QUICK AUDITS, RECALLS AND ANALYTICS

WITH DIRECT ACCESS TO TIME-STAMPED RECORDS RELATED TO TAXATION AND PAYMENT, IT BECOMES SIMPLE TO CONDUCT ANNUAL OR QUARTERLY AUDITS QUICKLY WITH THE SMART CONTRACTS. ALSO, THE TRANSACTIONAL INTEGRITY IS MANAGED ON BLOCKCHAIN AND MAKES IT EASY FOR PRODUCT RECALLS. THIS FUNCTIONALITY IS ALSO LEVERAGED FOR SALES TRENDING AND ANALYTICS DATA.

ORION’S RETAIL AND POS EXPERTISE

There are many use cases around retail and POS that are a great fit for blockchain. From major credit card processing companies to banks and credit unions that provide a total solution which includes a loyalty platform, we’ve got you covered.