#Switzerland #Hedera #Hashgraph #TransAct #Schwyz

The Hashgraph Group Launches TransAct

In an exciting development for businesses seeking to leverage blockchain technology, The Hashgraph Group (THG) has launched a cutting-edge solution called TransAct. This innovative tool enables enterprises to engage with the Hedera network without the need to hold cryptocurrency or manage digital wallets. It is designed to eliminate significant barriers that have historically impeded the adoption of distributed ledger technology (DLT) in enterprise environments.

A Comprehensive Solution for Enterprises

TransAct provides businesses with a fully managed service that simplifies the transaction process. By abstracting the complexities of digital wallet management and gas fees, TransAct allows enterprises to operate seamlessly within the Hedera ecosystem. Stefan Deiss, Co-Founder and CEO of THG, articulates this vision, stating, “With TransAct, we are removing one of the major barriers to enterprise adoption – the complexity and compliance risk of holding crypto and managing digital wallets.”

This solution ensures that even as wallet management is simplified, clients maintain control over their private keys, crucial for authorizing transactions. This means enterprises can now process transactions on the Hedera network while retaining full access and control over their operations.

Key Features of TransAct

The rollout of TransAct highlights several notable features:

• - Seamless Interaction: Enterprises can interact with the Hedera network without needing to touch any cryptocurrency. By processing transactions in conventional fiat currencies, THG alleviates the compliance constraints that often come with digital currency management.
• - Real-Time Monitoring and Control: The platform includes an intuitive management dashboard that provides real-time insights into network transactions, allowing businesses to monitor their spending and activity effortlessly.
• - SaaS Model: This is a subscription-based service, enabling firms to predict their expenses while scaling up according to their business needs.
• - Security and Compliance: By minimizing the risks associated with managing digital wallets, TransAct enhances security while bolstering compliance measures.

Emphasizing Security and Reliability

Backed by THG’s expertise, TransAct is a non-custodial solution, meaning clients retain ownership of their private keys—a crucial factor for cultivating trust in digital transactions. Each transaction processed within the platform is secure and fully auditable, addressing common concerns around liability and data integrity in blockchain environments.

Micha Roon, Head of Engineering at THG, supports this by asserting, “Clients always retain control over their private keys, with our gateway securely processing their transactions. TransAct makes blockchain integration simple, safe, and fully auditable.”

Boosting Enterprise Adoption of Blockchain

THG’s initiative with TransAct is expected to catalyze wider acceptance of blockchain within various sectors, including finance, retail, and government. By resolving the technical complexities surrounding cryptocurrency management, TransAct allows enterprises to harness the benefits of decentralized technology without traditional barriers.

As businesses increasingly aim to improve operational efficiency and transaction transparency through blockchain solutions, TransAct emerges as a pivotal player that simplifies the entire process. This launch marks a significant stride for THG within the Web3 economy, showcasing their commitment to innovation and facilitating enterprise growth.

For ongoing updates and further information about The Hashgraph Group and their offerings, businesses and interested parties are encouraged to visit their official website at www.hashgraph-group.com.