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Why Global Payout Inc (OTCMKTS:GOHE) Is Developing New Subsidiary?

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Global Payout Inc (OTCMKTS:GOHE) reported that it is planning the release of a new subsidiary firm in early 2018 that will provide supply chain finance offerings for the logistics market. The solution suite uses a single customer interface for making international and domestic payments with foreign exchange alternatives, and streamline working capital funds through using accounts receivable.

The details

In the U.S. alone, logistics and freight is a yearly $1.5 trillion industry which persists to witness considerable growth as the U.S. becomes highly dependent on the global supply chain for its services and goods. However, several current logistics and freight software systems are fighting to keep up with this progress which has made it extremely challenging for many firms functioning within these industries to effectively control and manage security-related procedures and processes.

In recognizing these problems, Global Payout has devoted substantial initiatives throughout 2017 to use its expertise in blockchain payments and technology. These offerings which will be deployed into their unique Global Reserve Platform to offer a more cost-effective and efficient procedure for several of these firms to finance run their logistics supply chain.

William Rochfort, the President of Global Payout, reported that the company has continuously worked to be at the forefront of using the latest technology available. They are advancing the most innovative and effective solutions for the clients they serve. Blockchain technology possesses the potential to lead a key shift in the systems that are deployed to manage every procedure that is involved with operating the logistics supply chain.

By creating a subsidiary whose only focus will be on developing the advancement of a highly-efficient and secure blockchain system, he is assured that they will be able to offer an intuitive logistics network having the potential to revolutionize the entire industry. In the imminent weeks, the firm plans to assemble a talented and experienced team with executive finance and supply chain management experience to manage the subsidiary.

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