Zygot – Next-Gen ERP Software

misslasvegas (73)in #zygot • 6 years ago (edited)

Enterprise Resource Planning software, or ERP, is often synonymous to a high price tag and high maintenance fees. With companies that offer this kind of software charging the end-user exorbitant rates, it seems impossible for many (smaller) companies to integrate such systems into their business.

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However, the price tag is not the only thing that could get in the way of effective enterprise, because oftentimes these systems will need modifications as time goes, which can become an immense issue for both the company and their employees. Another pitfall could be that the system gets compromised, which leaves vulnerable information open to the highest bidder. But what if there was a different solution that will transform the ERP ecosystem as we know it today?

Before we get to this solution, it is important to understand what ERP is exactly and how it can help a business to be more efficient overall and in the end easier to manage and run.

What is an ERP system?

An ERP or Enterprise Resource Planning system is a software package that helps enterprises to work more efficiently. It's a system that ensures that the information from different departments is linked to each other, making it easier to collaborate and share all the information that those different departments need to function optimally. All information within the company can often be found within the ERP system.

The benefits of an ERP

The benefits of an ERP package are noticeable at different levels. By keeping data on a central system, a company ensures that various services and departments can easily extract data from the ERP package. By working with an ERP solution, a company also ensures the central management of company data, so that there can be no proliferation of duplicate data and reports. By using a central ERP solution, you also ensure that all data can be found in one place within the company, which means that everyone can work smoothly.

This helps the various services within the company to collaborate better and to reduce the administrative burden of certain actions. An ERP system also ensures the digitization of documents as invoices and orders are also stored digitally, which means fewer paper documents.

Zygot - and what is ZERP?

First, we should learn a little bit about the company's history. The company where it all started, Vertex, and its existing ERP software VERP, aren't new players in the field. Vertex has been around for more than 25 years and the number of users of the VERP software exceeds 6,000.

Zygot, according to the company's own description, is the team that designed and facilitates the development of ZERP decentralized platform on the EOS Blockchain. Zygot + ERP = ZERP.

ZERP is the next-gen ERP that takes VERP's best features but uses blockchain technology to deliver a one-of-a-kind product for different enterprises, big and small, while also keeping their future needs in mind.

Zygot to transform the Enterprise Resource Planning ecosystem

Many issues that can arise using the traditional ERPs will be eliminated by decentralizing and building ZERP on the EOS blockchain, while at the same time it makes it more reliable, easier to adapt, and increase security. While transactions are safely registered in blocks, the use of the blockchain will also offer full transparency since the data can't be modified or manipulated once it's safely stored on the blockchain.

By making the ZERP software open-source, it will give the end-users the power to make the product fit to their needs in the best possible way. On a dashboard, to be created by Zygot, users can post the need for an update or maintenance of the system and allocate an amount of Zygot tokens offered for these jobs. This and the implementation of a smart contract will enable the user to hire and reward the best of the best to implement changes in their operational software, tailored to their needs. It will also eliminate the high costs that usually come with the maintenance and updating of traditional ERP systems.

EOS - Enterprise on Steroids

There have been some speculations as to what EOS actually stands for. I've heard Enterprise Operating System, Evolving Operating System, and a few others. But if you really think about it, Enterprise on Steroids would be quite fitting.

So what makes EOS stand out from the crowd and why did Zygot choose this particular blockchain to build their product on?

Trust is everything, but not always 100% present in the business world. Who knows if they can trust a contractor completely? It's a fact that we don't. Because of EOS' use of smart contracts, it makes it possible and safe for total strangers to agree to certain arrangements in a trust-less environment.
With EOS, designed as a platform for decentralized applications, Zygot will be worlds' first decentralized ERP marketplace on the blockchain.
EOS is synonymous with processing and scaling millions of transactions per second, which makes it the most scalable blockchain in the sector. One that can be used by any real-world applications.
There are no transaction fees for sending or receiving tokens. Millions of instant and free transactions per second make EOS a powerful ally for any application.
Free to use EOSIO software.

Conclusion

While traditional ERP systems have helped many end-users to run their business more efficiently, it often comes with its own issues. The high cost of such systems and its maintenance makes it less accessible for smaller enterprises. Security risks that seem to have increased over the years will probably cause more problems in the future, leaving sensitive data vulnerable to attacks. We only have to read the business news to find yet another breach of security and/or leak of information and data, even in bigger corporations.
And then there are problems that arise when a company needs to implement changes to its system. It is not only time consuming, but often a tedious task to get everything updated to standard. By using the EOS blockchain and smart contracts the end-user will hold full control of their business transactions, can attract the right people for any maintenance or updates, fit to their needs, while security, scalability, and transparency are ensured at all times. This doesn't only make it cost-effective, but it will make it possible for any business, big or small, to take advantage of its features.

In my opinion:

Zygot + EOS = Evolving ERP on Steroids

Useful links

ZygotERP
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LinkedIN

Disclaimer: I am not a financial adviser, nor do I give any guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.

#erp #zerp #business #eos

6 years ago in #zygot by misslasvegas (73)

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belemo (78) 6 years ago

Very impressive project. I've heard a lot of good things about EOS network and I'll be looking forward to how this one of a kind model will fit in there. I think at the end of the day, the ultimate good is that this will bring more attention to blockchain and decentralised based solutions for problems.
Great job once again.

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misslasvegas (73) 6 years ago

Yes, absolutely. I think using EOS is a good step in the right direction. After all: EOS came from the same brilliant brain as Steem, so can't really go wrong with that. And more attention to the blockchain, especially from businesses will definitely be a good thing.

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