UniCredit and Quantoz take the concept of “virtual accounts” to the next level
Utrecht (NL) – In the past, an “identity” could only be assigned to a person or organisation. However, by leveraging Quantoz’ blockchain technology, a device or a machine can also acquire an identity. Previously, the missing piece was that a device cannot have a bank account. However, by linking the device or machine to UniCredit’s virtual account, the value chain is complete, combining cash management and IoT into a single solution. In doing so, this creates an entirely new value proposition that facilitates the business models of the future today.