Digital transformation is profoundly changing the world of work, particularly in the area of payroll management. The challenges facing businesses today – extended processing times, prohibitive costs, administrative complexity – call for a complete overhaul of traditional systems. It was against this backdrop that we created ARZE, choosing Hedera Hashgraph as the technological foundation for our solution. This choice was not made by chance, but was the result of an in-depth analysis of market needs and available technological capabilities.
Why did we choose Hedera Hashgraph?
Hedera Hashgraph’s technical superiority can be seen in several aspects that are crucial to our solution. Firstly, its ability to process thousands of transactions per second makes it an ideal infrastructure for managing international financial flows. With transaction costs of around $0.0001, micro-transactions and frequent international payments are finally within reach, opening up new possibilities for payroll management.
Hedera’s aBFT (Asynchronous Byzantine Fault Tolerance) consensus guarantees an unrivalled level of security, crucial for processing sensitive data such as payroll. This technology not only ensures the integrity of transactions, but also enables complete traceability, an essential aspect for regulatory compliance and auditing.
What’s our innovation in payroll processing?
Our revolutionary approach to payslip management is based on the intelligent use of smart contracts on Hedera Hashgraph. Each time a salary is paid, our system automatically generates a payslip, which is immediately recorded on this distributed technology via a smart contract. This automation eliminates human error and guarantees perfect traceability.
The encryption process we have developed ensures total confidentiality: only the essential data (contributions and amounts) are recorded on Hedera Hashgraph, and then only in fully encrypted form. This method guarantees both the security of sensitive data and compliance with regulations on the protection of personal data.
The use of Hedera Hashgraph also enhances the security and efficiency of payroll processing. Thanks to its unique architecture, Hedera guarantees total data immutability and optimum protection against cyber attacks. Payslips are stored reliably and can be retrieved instantly, at any time, simplifying their management for employers and employees alike.
In addition, taxes are calculated automatically according to the company’s tax residence. A dedicated specialist ensures that tax rates and rules are kept constantly up to date, guaranteeing perfect compliance.
With just one click, everything is calculated accurately and simply, with no extra effort!
ARZE payment technology combines immediacy and simplicity
Our payment infrastructure represents a major breakthrough in international payroll management. Using the Hedera SDK, we have developed a USDC transfer system that sets new standards for speed and efficiency in the industry.
The process is remarkably simple: when salaries are paid, our platform instantly initiates transfers via the Hedera network in USDC. The truly innovative aspect lies in our automatic and instantaneous conversion system. As soon as the USDC is received, the funds are automatically converted into the employee’s local currency. This immediate conversion eliminates any risk associated with the volatility of cryptocurrencies and ensures that each employee receives exactly the amount intended in their national currency.
The speed of the Hedera network, combined with our automatic conversion system, means that transactions can be completed almost instantly. Gone are the delays of three to five working days traditionally associated with international transfers – with ARZE, employees receive their salary in a matter of seconds, regardless of their geographical location. This immediacy represents a particularly significant revolution for companies managing international teams or remote workers.
Using the Hedera SDK also enables us to keep transaction costs exceptionally low, making our solution accessible to businesses of all sizes. This cost-effectiveness translates directly into substantial savings for our customers, particularly on international transfers where traditional bank charges can represent a significant burden.
The ARZE token… beyond simple payment
The ARZE ecosystem is not limited to payroll management. With the creation of the ARZE token on the Hedera network, we have established a true digital economy around remuneration. This token enables companies to set up innovative reward programmes, transforming the simple employer-employee relationship into a dynamic and engaging partnership.
Companies can use ARZE tokens to:
- Reward outstanding performance
- Encourage long-term loyalty
- Create personalized incentive programmes
- Encourage employee involvement in the company’s growth
We offer a robust and scalable technical infrastructure
ARZE’s architecture on Hedera combines several key elements:
- Smart contracts for automated payroll management
- USDC for stable and instant payments
- ARZE token for rewards programmes
- aBFT consensus for secure transactions
This infrastructure offers significant scalability while maintaining optimum performance, meeting the needs of growing businesses.
The international dimension and the future of payroll
The ARZE solution, powered by Hedera, is the perfect answer to the challenges posed by the globalisation of work. Instant international payments in USDC eliminate delays and drastically reduce the costs traditionally associated with cross-border transfers. Our smart contracts system ensures automatic compliance with the various regulations, considerably simplifying international payroll management.
ARZE is a concrete vision of the future of payroll
ARZE on Hedera Hashgraph represents more than just a technological evolution – it’s a complete revolution in the way companies manage their employees’ pay. By combining instant payments, secure smart contracts and reward tokens, we are creating a complete ecosystem that meets today’s challenges while anticipating future needs.
This solution paves the way for a new era in which payroll management becomes a real driver of growth and innovation for businesses, while offering a transparent and rewarding experience for employees. It is this vision of a modern, efficient and fair payroll that we at ARZE make a reality every day.
Our whitepaper: https://arzepaper.gitbook.io/arze
For more information and to keep up to date:
Book a demo via our website: https://arzepayroll.com
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Send us an email at: contact@arzepayroll.com
Read more about hashgraph: https://www.hashgraph.com/