Zygot has partnered with Matic Network to enable numerous benefits for its users like P2P invoice exchange, accounting horology protection and more.

Calgary, Alberta, Canada, July 18, 2019: The leading ERP company Zygot has recently formed a partnership with Matic Network to ensure a superior and better experience for its clients. Zygot has integrated its revolutionary Ethereum blockchain-based ERP portal ZERP with Matic to achieve multiple facilities like a P2P exchange of invoices, accounting immutability improvements and faster and more economical transactions for its core engine functions.

As Matic Network sidechains are Plasmafied EVM sidechains, the Zygot platform can migrate seamlessly to Matic Network.

What would the Zygot-Matic alliance accomplish?

One of the first features which Zygot wants to make available to its existing clients is an ability to exchange invoices in a decentralized P2P manner. Matic network sheds light with its performant architecture, coupled with PGP encryption and IPFS.

“We are looking forward to launching a feature in our engine where parties can exchange invoices securely. As PGP technology utilizes asymmetric encryption, the data will be accessible only by the recipient company. Most importantly, the invoice data and the vulnerable details of its status will be handled on the Matic’s network in a permission-driven manner. Partnering with Matic also enables us to allow our clients to whitelist (or blacklist) companies from which they want to receive invoices. Test clients have already been onboarded to try this feature.”, stated LeRae Bigelow, COO at Zygot.

On the other hand, the partnership with Matic will enable Zygot to achieve the necessary high-throughput of transactions with low (close to zero) fees. The ERP company covers more than 400 client companies and such a huge base demands larger transaction throughput.

Matic assures to solve the problem here by utilizing a Block Producer layer to generate the blocks. And that allows a way faster production of blocks compared to the existing blockchain infrastructure. It’s to stress here Matic Network is a Layer 2 scaling solution. It achieves high scalability by utilizing sidechains for off-chain computation – all the while ensuring asset security with Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators.

“We believe with Matic’s scalable tech and Zygot’s blockchain ERP solution – SMEs will get access to an affordable ERP solution with data sharing enabled via blockchain and smart contracts. We are hopeful that their approach will redefine the traditional ERP market and for better. This also emphasizes Matic’s foray into real-world use cases for blockchain”, noted Matic COO Sandeep Nailwal.

[In Frame (From Left) Sandeep Nailwal, COO, Matic Network, and Pankaj Kurumkar, CMO from ZygotERP]
[In Frame (From Left) Sandeep Nailwal, COO, Matic Network, and Pankaj Kurumkar, CMO from ZygotERP]

About Matic

Matic is developed to resolve the usual problems plaguing the traditional blockchain ecosystem. The network carries a decentralized platform that rests on an adapted version of Plasma framework. Such an infrastructure facilitates secured exchange of invoices as well as quicker and extremely economical transactions with finality on main chain.

About Zygot

Zygot is a renowned ERP provider which has come up with a blockchain-based ERP platform called ZERP. ZERP is aimed to help ERP users beat market monopoly and attain quality ERP implementation through its modular, decentralized, open-source, community-oriented, marketplace-facilitated and modular ERP solution.

More information can be found on the Zygot’s website, Zygot.io and by following their social media accounts: Telegram, Twitter, Reddit, and Medium below:

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