Hive Coin is a cryptocurrency, with the new blockchain technology and smart contracts, companies no longer need centralized intermediaries for transactions or financing. The blockchain grants absolute transparency, integrity and immutability of the data stored in the system. Hive coins are used to make demands on factoring companies, who can then compensate them. This process uses the blockchain, which offers a high level of security for all transactions. All seller and borrower data is cryptographically secured in this system.
Through the Internet of things, blockchain technologies and smart contracts, a global halal product ecosystem is established to regulate halal food industry certification system, which aims to trace Halal food, medicine and cosmetics at it's respective origin.