Blockchain powered efficiency on the horizon for 8common

Revolutionary software enabling unprecedented levels of functionality is on course to hit the ASX via fintech provider 8common (ASX: 8CO) after the company announced its membership in Hyperledger, a not-for-profit (NFP) organisation led by The Linux Foundation to improve upon outdated technology being used by modern businesses.

One of Hyperledger’s main objectives is to establish a “cross-industry open standard for distributed ledgers” thereby focusing ongoing research and development in one direction as opposed to dislocated projects working with different standards thereby undermining future cross-compatibility.

At the current time, 8common has three distinct products (Expense8, Perform8 and Realtors8) being marketed and sold to customers and generating around $1 million in the last financial year.

Expense8 is being used in 8 countries, as a user-friendly Travel & Expense Management system, tailored to the users exact organisational needs, business systems, and requirements.

Perform8 is a suite of innovative, online surveying solutions that are designed to assist business leaders at all levels to drive proactivity across business teams in 7 countries around the world.

Finally, Realtors8 is a toolkit for real estate agents to “power-market” their websites. The service delivers a comprehensive marketing platform for the real estate industry in both Asia and North America and is on course to continue its strong early adoption rate.

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Source: Blockchain powered efficiency on the horizon for 8common – Small Caps