January 28, 2023

Startup Block2 signed an agreement with EY to develop a platform for small and medium-sized businesses

Australian startup Block2 has signed an agreement with the audit company EY to develop a 2Mota solution based on blockchain aimed at optimizing work processes in the small and medium business sector.

Using distributed registry technology,2Mota will allow you to manage your customer base, monitor the activities of employees and optimize the operation of equipment. According to Block2, blockchain, artificial intelligence and big data can be used not only in large corporations. Small and medium-sized enterprises also form a significant part of Australia's economy. Therefore, 2Mota solution is aimed at systematizing their work, which will allow companies to reduce financial costs and act more efficiently.

“To successfully work in a tough environmentcompetition, small and medium-sized enterprises, for example, auto repair shops, need to learn how to manage demand and business processes. Otherwise, high demand and lack of supply may negatively affect the productivity and quality of the enterprise. Block2 platform was specially created to solve such problems, ”said Block2 Executive Director.

Paul Brody, Head of Blockchain Innovation at EY, believes that such a solution will optimize resources and work processes in organizations in the best way.

Recall that this month the fintech departmentChinese technology giant Alibaba Group, Ant Financial, has begun testing a blockchain-based system designed to support small and medium-sized businesses in various industries.