December 2, 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 onblockchain 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.

"In order to operate successfully in a highly competitive environment, small and medium-sized enterprises, such as garages, need to learn how to manage demand and business processes.Otherwise, high demand and lack of supply can negatively affect the productivity and quality of the enterprise.The Block2 platform is specially created to solve such problems," said the executive directorBlock2.

Paul Brody, head of blockchain innovation at EY, believes that such a solution will best optimize resources and work processes in organizations.

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