ClearX leverages smart contracts to streamline complicated agreements prone to manual mistakes while keeping data secure between all parties involved
SINGAPORE--(BUSINESS WIRE)--#B2B--Clear, the blockchain-based clearing and settlement solution, announces its new brand identity, ClearX (https://www.clearx.io/). By utilizing smart contracts, ClearX enables businesses to create and execute complex and confidential contracts with an automated enforcer of the terms, thus creating a safe and secure environment tailored for high-volume commercial interactions.
Since its founding in 2018, ClearX has developed products to support multiple types of commercial relationships with more than 17 telcos using its roaming solution, and three leading carriers using its Data Services solution. ClearX first made waves in the telecom world when it took part in a blockchain trial together with Colt Technology Services and PCCW Global, developing a proof of concept (PoC) focused on the settlement area of wholesale voice minutes. In 2019, ClearX teamed up with Deutsche Telekom Global Carrier, Telefonica, and Vodafone to conduct blockchain trials and handle a wide range of complex charging models.
Companies today face growing challenges protecting their data while maintaining secure relationships with multiple partners. In order to avoid the exposure of sensitive contract details, they are often forced to manage their contracts separately, which tends to be taxing.
To address the situation, ClearX’s business interface platform enables users to confidentially obtain accurate data for smart B2B contract services. With its decentralized networks and use of smart contracts, ClearX enables companies to manage their contracts in a shared environment while maintaining complete control over sensitive data.
“We chose to change our name to ClearX to help distinguish ourselves as the leading solution for complex settlement between businesses,” says Eran Haggiag, Co-Founder and Executive Chairman of ClearX. “We will continue to promote transparency and confidentiality across global industries with our innovative platform.”
ClearX builds blockchain-based settlement and clearing networks for global industries. Founded in 2018, ClearX facilitates frictionless B2B trade by enabling enterprises to transition from current inefficient and manual processes to real-time trading and clearing on a global scale. ClearX’s platform helps enterprises automate contracts and data management while guaranteeing control, security, and privacy in networks with multiple partners. This also provides automatic payments and clearing, reducing transaction fees, long payment cycles, and managing fraud prevention. For more information, visit www.clearx.io.