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ADOPTING BLOCKCHAIN SOLUTION FOR A POINT-OF-SALE SYSTEM
The point of sale, often known as the point of purchase, is where individuals buy and sell. In other words, POS is a cashier or checkout counter. As a result, the point of sale (POS) can be where we complete transactions. The merchant calculates the amount of money that a customer must pay at the point of sale. Once the payment is completed, he gives him an invoice for this transaction.
Retailers and enterprises utilize the Point of Sale (POS) technology to expedite transactions. A POS system is not a stand-alone machine or procedure; instead, it is a collection of components that, when combined, allow businesses to effectively handle customer-facing transactions while also streamlining business processes associated with these transactions. In this post, we will examine how blockchain might improve POS systems, but first, it is essential to grasp the foundations of a POS system.
POS System: Hardware Components
The Cash Register is the first hardware component of a POS system. As the name implies…
