PAYBLOK - UTILITY TOKEN THAT GIVES THAT BUSINESSES ACCESS TO PAYMENT AND FINANCING FEATURE WITHIN THE INSTASUPPLY PLATFORM

The influx of people into the cryptocurrency market has made an astronomical rise in the adoption of blockchain technology. Numerous supporters, investors from different field of professions and businesses around the world have embraced new technological innovation which has helped reshape the world. Basically the rise of cryptocurrency and subsequent attention brought to blockchain technology has prompted nearly every industry to evaluate the benefits of integrating the technology into their operations One firm at the forefront of this innovation is PAYBLOK a utility token created by InstaSupply aimed for the use of ‘small and mid-sized businesses (SMBs)’ to improve their cash flows. The team also has developed a platform designed to reduce SMBs credit gap. SMBs credit gap is caused by delays in payment by their suppliers as they have weaker negotiable power than their suppliers so ‘credit sales fail to be paid their due date.’ Because of this, SMBs depend on credit to fund their existence but banks are unable or unwilling to lend the extra credit demanded, constraining the SMBs potential, damaging growth potential, limiting productivity and job creativity.

PayBlok is a token aimed at solving small and medium size business cash-flow by offering an early payment function on top of the existing features within the InstaSupply platform, which already supporting the trade of over 2300 businesses, and is growing daily.

The team has created a crypto-resource (token) that grants its proprietors/holders the privileges to selective advantages inside the InstaSupply stage. Formation of the PayBlok token empowers InstaSupply to offer a scope of items that tackle the issues looked by SMBs. These items comprises for the most part of an Incorporated Installment Arrangement, a Store network Financing and an Advantage Based Loaning.

PayBlok is a token extremely important for comprehending little and medium size business income by offering an early installment work over the current highlights in the InstaSupply platform, which effectively supports the exchange of more than 2300 organizations, and is developing day by day. PayBlok is a crypto-resource being acquainted inside the InstaSupply stage with boosts to B2B installments.

PROBLEMS

The Payment Process
SMB businesses facing late payment processing as of delays result from either an intentional delay by customers, processing method or both. This problem started during the financial crisis where SMBs are less likely to be able to get bank loans than large firms. Some of them do not have access to any formal credit at all. Other problem is SMBs credit gap on both the sides of B2B transaction – on demand side, many SMBs cannot get access to credit because bankers cannot get critical information they require to assess creditworthiness. On supply side, banks consider SMBs as high-risk and not suitable to serve at interest rates which is charged by them.

Late Payment Problem
30% of SMB businesses quote late payment processing times as a major issue, and around 47% of businesses are paid late. Payment delays result from either an intentional delay in payment by customers, elongated processing methods, or both.

SOLUTION PROVIDED

The InstaSupply platform already supports the trade of more than 2000 companies and grows daily. By allowing companies to match purchase orders with deliveries and finally invoices, we give them the ability to control which invoices are to be paid, and which require further investigation. Moreover, with our Payment Run product, companies can group approved invoices, apply any outstanding supplier credit and make a list of payments that must be made to providers through their traditional banking services. Creating a business network between buyers and suppliers, the platform collects data from both sides. InstaSupply allows users to create and place purchase orders, track delivery, and match orders to the corresponding invoices; this allows buyers to track, monitor and control their expenses.
After receiving the invoice, the customers on the platform can view the invoice and accept or reject it, respectively. After the account has been accepted, invoices are paid outside the InstaSupply platform. The data is transferred to the customer accounting software, requiring the customer to manually write to InstaSupply when the account was paid.

Small and Mid-sized Businesses (SMB) are heavily affected by the impact of lengthy credit terms upon sale, with traditional financial products failing to cater to them. This leaves SMBs with few options when looking to alleviate cash-flow problems. Having identified this problem, InstaSupply is introducing PayBlok, a token aimed at solving SMB cash-flow problems. The business-to-business (B2B) payments landscape totaled $18.5 trillion for 2016 in the United States alone, and relies heavily on credit (42–48% in most countries, according to Atradius Collection). Typically, SMBs lack the resources to run best practice administrative tasks focused on payment and collection. Further to this, they are in a weaker position to negotiate payment terms with their suppliers. These two factors result in SMBs depending on credit to survive; a dependence that is exacerbated by the fact that half of all sales on credit failed to be paid on their due date, creating demand for even more credit. Despite this, banks have failed to offer any accessible solution for SMBs. With this in mind, InstaSupply are looking to further increase their support for SMBs by offering an early payment function on top of their existing platform — which connects buyers and suppliers matching purchase orders, deliveries, and invoices. This will enable provision of de-risked financial products to SMBs. There are already 2000+ companies using InstaSupply every month, with the volume of transactions exceeding $60 million per year. The new early payment function will enable hosting of over $200m of transactions in the first year of deployment.

In turn, PayBlok is a utility token of the InstaSupply platform, which helps to carry out B2B payments.

Features of PayBlok

The PayBlok makes use of blockchain technology and the smart contract option to make the payment to the suppliers fast and easy. PayBlok offers the financial solution to the supply chain through this decentralized platform.

The PayBlok tokens will be used as a tool to make good use of the payment feature that is inbuilt in the InstaSupply platform.

The buyers and the suppliers will get rewarded with tokens once the payment is processed through PayBlok. These tokens can be used to get exclusive discounts and other low payment options when using the InstaSupply platform. The tokens can be used to make actual payments and this reduces the risk of cash transactions.

The approval of the invoices has used the automation process and therefore there will be less delay in clearing the payments than doing it manually.

Token Sale Details

Token: PBLK
Accepting : ETH
Platform : Ethereum
Type : ERC20
Price in ICO : 1 PBLK = 0.10 USD
Total Supply : 250,000,000 PBLK
Restricted Areas : USA
Tokens for Sale : 150,000,000 PBLK
Distributed in ICO : 60%
Soft cap : 5,000,000 USD
Hard cap : 15,000,000 USD
Whitelist- YES

• Pre Sale- 15 May 2018 - 15 Jul 2018 (0.24 USD = 1.0 PBLK)
• Public Sale- 27 Aug 2018 - 23 Sep 2018 (0.3 USD = 1.0 PBLK)

PayBlok is a cryptoactive (token), which allows its owners to gain access to exceptional advantages within the InstaSupply platform, and it will be developed in accordance with the Token Standard standard. Ownership of PayBlok markers does not give owners the right to any right in respect of InstaSupply as a company, including, but not limited to: profit, voting or employment.
As an asset, the initial sale of tokens will be subject to sales taxes for each market. Following this, the token belongs to its owner and can be sold without restrictions or the need for consent or participation from InstaSupply.
The creation of the PayBlok token enables InstaSupply to offer a range of products solving the problems faced by small businesses. These products are:

• Integrated Payment Solution

• Supply Chain Financing

• Asset-Based Lending

ROADMAP