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# How Blockchain brought a revolution in MLM Industry
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!Today, the world is moving so fast towards the new technologies, the traditional ways of payment process are now outdated. The Development in the field of payment gateways, Blockchain, UPI’s has given a boost to the online world and now it’s your time to grab your potential customers from this online world. Now, using Blockchain Technology is the smart move to grow your business.
MLM Software Chennai, India based company. We  provide you all the online solutions for Blockchain  to grow your business. We have a group of active and energetic workers who full fill the requirement for our clients. Blockchain Technology the revolutionary concept that changed the phase of digital industry is a game changer. And talking about the MLM industry, a marketing model that keeps the sales and network building align together to make the business a proper ‘BRAND’ tag. Conceptualize something with blockchain is a dream come true moment and blockchain has got such potential to change the MLM industry.
Blockchain technology aids the business in many ways and as far as it is a concern, now it’s the validation part is carried out by the nodes. Marketing industry got its path right after the multi-level marketing ideas begin to gain the prominence.
## Blockchain Technology
Blockchain technology manages the every currency transactions. But Blockchain is not limited to just currency but enlarges to any domain where anything of value is transacted, be it contracts, personal information, health records, business data and much more.
A blockchain is an excellent form of Database storage system, which uses records to store data or information. These records or blocks get copied automatically with the mechanism of cryptography providing a more secure data storage platform. This means, your data is stored securely in multiple areas, reducing the overall cost of data storage. The blockchain is the technology which supports the cryptocurrencies and Digital currencies. Blockchain assures that transaction continued into the blockchain database which is stable.
## MLM Marketing
Essentially, MLM operates as an expandable mechanism in which people keep encouraging new members to join for the expansion of operations. In the MLM model, the contribution of every single member and incentive distribution as per their performance becomes essential. Therefore, it is necessary to bridge a connection between end-users and wholesalers as both serve as the base of this business. MLM models are successful as the network expands rapidly while giving leeway for every member of the network to taste success. Now, let’s take a look at the types of multi-level marketing.
MLM models come in various types which make it easy for enterprises to expand the distribution of products or services by adopting one of its structures like matrix MLM plan, investment MLM plan, uni-level MLM plan, stair-step MLM plan, Australian binary plan, generation MLM plan, binary MLM Plan, broad plan MLM plan, etc. An enterprise must seek the service of a smart contract and cryptocurrency development company that holds expertise in developing both concepts.
## Blockchain Smart Contracts and MLM
Smart contracts work according to blockchain’s characteristics like immutability, transparency, traceability, and efficiency to maintain anonymity in the transactions. Indeed, blockchain smart contracts enable business owners to review terms and conditions and customize them as per their enterprise needs. It is crucial to hire a blockchain and crypto development company that can make the system as descriptive as possible.
Powering MLM business with blockchain smart contracts eliminates the chances of the scamming of an MLM business. Also, the use of smart contracts empowers all types of MLM business plans. An MLM Platform powered by a smart contract solution excludes the involvement of all third-parties, establishes a peer to peer architecture, provides multiple payment gateways, eliminates malpractices, ensures strengthened data security, fast and secure transactions, effortless traceability, anonymity and transparency.
## The transparency of MLM Plan & the blockchain
Make a donation, and earn from that donation. Well, once the system is integrated using blockchain then, the whole system will be transparent. The transparent nature makes sure of one important thing – Is the donation process completed or not? Say, a request came up, and you made the donation but, you’re worried about various matters like the escrow value, the donation is accepted or not, whether the donation is done to the right person or not, etc. The limitations or the constraints got its solution, and the plan gets a “TRUST” sign. The business will also gain the required fuel to maximize its opportunities by building up an open network.
## Why choose us for Blockchain Development?
**Developers with Product Mindset**
The Blockchain powered verification system developed in-house is getting introduced in the Aviation industry.
**Experts with Research Mindset**
MLM Software Chennai professionals have worked closely with some of the leading Crypto’s in the market to tokenize the content web.
**Consultants with a Startup Mindset**
Every Blockchain Developer is trained to coordinate closely with customer and ideate their solutions.
## How it Works?
**Refining Ideas**
In this phase, the technology team also joins the conversation ( along with the Blockchain domain consultants ). The main Moto of this phase is to refine the entire requirement and make it crystal clear, so everyone are on the same page and everyone in the team understands the idea and deliverable very clear. All this will be added to the note.This note will be used by the Blockchain developers during the development phase to better understand your requirement.
**Brain Storming**
MLM Software Chennai Blockchain Consultants are equipped with the latest news and trends in the Technology world. They will brainstorm with you on your idea and create a detailed note. During this phase they will also put in maximum effort to add more value to your proposition and tweak the idea with your permission.
**Code & Fix**
In this phase Blockchain development happens in full phase. Each blockchain developer in the team coordinates very closely with you and assigned to the project to bring out each module flawlessly.  MLM Software Chennai follow an agile methodology, where you can see the live results of each module being developed and give feedback. Fixes happen then and there.
**Release**
Once the Blockchain development phase is over, the UAT phase starts. The testing happens along with bug fixes and fine tuning. After every issue found is fixed and you give a sign off an overall polishing of the project happens. Finally your project is ready for launch. Our Blockchain developers will start deploying the project on live servers.
## Applications of Blockchain Development Services:
Blockchain can support a wide range of applications. The most well known is cryptocurrency like Bitcoins. Blockchain-based applications include any business transaction that can include right from Business order tracking, Supply chain, Banking and Finance, E-learning, Healthcare, Online shopping portals, Insurance, Travel, Music, Renewable energy, Contract validation and so on.
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* [No 62, 4th floor, SV Koil street,Mylapore, Chennai – 600004
  Tamilnadu – India
##### MLMSOFTWARE CHENNAI
##### MLMSOFTWARE TAMILNADU
##### MLMSOFTWARE INDIA
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# MLM Software With Cryptocurrency Gateway
**MLM Software Chennai** provides encompassed solution for custom coin development with advanced and innovative Cryptocurrency Gateway MLM Software services for you. You stay ahead in the race for that we are using cutting-edge technology for the development of Cryptocurrency. As per your specifications we built a secure and independent Blockchain along with Cryptocurrency.
Bitcoin is a form of cryptocurrency which does not require a physical representation. Instead, in an online exchange they are stored in anonymous wallets. They can be transferred anywhere via the internet in the world. They can be paid with total anonymity from anytime, to anywhere.
We regulate the generation of units of currency and verify the transfer of funds by using encryption techniques for Bitcoin Payment Processor integrate with the Block Chain digital currency. We customized each and everything of Network Marketing Software solution and integrate other coin currency as you required.
Cryptocurrency MLM Software is used to sell crypto coins such as Bitcoin and move highly protected money. It makes it simpler and more safe for your MLM Company to operate. Due to its ease, protection, low transaction fees, etc., most business organizations currently rely on cryptocurrencies for their financial transactions.
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### **How does a cryptocurrency payment gateway work?**
It works just like any other merchant service that has been developed to process payments across different platforms. When it particularly comes to cryptocurrency, you can be sure about a better response in lesser time and transactions get optimized at every level as well. The working of this platform involves the front end processor and different payment portals that are given the job of reckoning the performance of the response service. There are different services involved and in order to pass on its advantages to the users, a gateway has to be more inclusive. It also requires the orders to be streamlined within the sequence of coins to be processed and when that happens, the system needs to be responsive.
A cryptocurrency payment gateway has to adhere to all the compliance obligations as well and it must direct all the users to a more reliable vehicle. The messages should be converted at a rapid pace and there should not be any delay in observing the variants of this service. In simple words, the methods have to be very inclusive and they need to highly focused on generating and distributing the equal value among all the assets. The forwarding of the details works according to the norms and it enables the network with an encrypted connection. It also works with different payment processors and makes things easier for businesses around the world.
### **Why is Cryptocurrency Payment Gateway Important for your MLM business?**
**Low-Cost Supplier Payments**
As a business, the other advantage of Cryptocurrency payment gateway  is that it allows you to build a platform to make express payments to your supplier anywhere in the world with a low transaction fee. It allows to develop a dashboard for tracking the payments. It creates a high level of trust where anyone can see that their payments are on the way transparently.
**Ease of use**
Simple user journeys that effortlessly fit in your platform, allowing users to purchase products seamlessly. Ease of use is what defines the success of the platform.
#### Transparency
Transparency ensures that people can trust your business and there’s no better way to display than using a Blockchain powered cryptocurrency to show your customers that you are worthy of their trust.
#### Convenience
Accepting payments from any customer hailing from any part of the world means they can conveniently buy products from you without worrying about excess fees.
#### Security
There’s a certain amount of risk involved in making payments online for both the business and the consumer. Cryptocurrency payment gateway  would tap into shared intelligence provided by some of the payment systems like Stripe’s machine learning powered RADAR to avert risks and payment fraud.
**Scalability**
Scalable infrastructure enhances the site’s experience. A key emphasize during the Cryptocurrency payment  would be to make the entire payment infrastructure scalable and modular in order to make future upgrades possible.
### Best  Cryptocurrency Payment Gateways For Your Business
**Bitpay**
It allows donations which can be done in bitcoin. By using the superfine bitpay app merchants can accept crypto as payment for more than 40+ E-commerce platforms. Also, they can convert crypto into 8 distinct fiat currencies over 38 countries. Thus, bitpay supports only in limited countries. Bitpay approximately charges a 1% amount of fees for each transaction. So by collecting transaction fees, bitpay is generating a lucrative amount of money and this made them reach better heights in the market.
**Features of Bitpay**
* Multi-user facility
* Instant transfer of coins
* Supports major fiat currencies such as USD, GBP, EUR, and more
* Open-source plugins for e-commerce platforms
* Supported in both Android and IOS devices
* Advanced deposit and withdrawal method
* Supports more than 40 languages worldwide
* Compatible with all crypto wallets
* Two-factor authentication system
* Transaction notification through email and mobile messages
**Coingate**
CoinGate is the user-friendly and well-known crypto payment gateway mobile app to monitor crypto payments from their phones.Coingate provides a POS application for distinct platforms like the web, Android, and IOS. This crypto payment gateway helps merchants & other individuals deal with crypto payments and other transactions smoothly and securely. Like bitpay, coingate also charges 1% of the amount as a fee for each successful transaction.
**Features of Coingate**
* Shape swift integration that supports 50+ cryptocurrencies
* Merchant directory
* Gift cards
* Supports in over 100 countries and 50+ fiat currencies for merchants
* Seamless transactions
* Cold storage
* Real-time integration with e-commerce
* POS applications for different platforms. Such as Android, IOS, and web
* Referral program
### **Advantages of Using Cryptocurrency gateway in MLM Business**
**Simple to Handle**
It’s pretty simple to handle and working nature also prevails to Excellent.
**Ease of Transactions**
The Ease of transaction makes it sought after payment option over other payment options.
**Security**
Security deals more with block chain technology. One of the most advanced distributed ledger system where the information/data is stored in the form of blocks.
**Advanced Cryptography process**
Even if it is public, it is very much secure because of the advanced Cryptography process.
**Cost – Effectiveness**
Cost – Effectiveness is yet another advantage of having Bitcoin as a payment gateway. It involves minimum transaction charges as these transactions are processed through block chain technology and no other like banks or financial institutions are involved.