PayBlok - Makes Business To Business Payments Quick, Easy, And Hassle-Free
ICO market is nowadays pretty similar to the Wild West during the gold rush period. It is possible to earn money very quickly, sometimes even good money, but you have to find a perfect spot, or in this case, a good project to invest. Common thing to the Wild West? No guaranties and almost no law. It is pretty easy to find bad cowboys which are going to promise you golden mountains to steal your last piece of bread. So in all this mess, if you want to find your gold nugget, you can trust just your own brain composites.
After my research, I found this project in which I really put my faith: PAYBLOK. Very likely you haven’t heard about them, project is made by great team members. Nevertheless, guys have an advantage, many other teams does not: already existing product made on a very perspective field. But these are not all pluses I found in this project. Below you can read the analysis and decide on your own, do you want to send some pennies to the pot.
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 InstaSupply platform Aims to improve how quickly businesses pay and get paid, InstaSupply is a cloud platform which allows businesses to track and control spend across suppliers. We bring together purchase ordering; approval workflows; budget control; delivery tracking; supplier and product management; secure invoice and credit document storage and data collection; accounting reconciliation; and payment control.
InstaSupply is here to provide a workflow for buyers and suppliers to manage their payments and collections. They create a business network between buyers and suppliers where they collect data from both sides. They allow their users to create and place purchase orders, track deliveries, match orders to their invoices. Through this, buyers can track, manage and control their spend. InstaSupply introduces a PayBlok utility token which gives its holders exclusive benefits on their platform. This PayBlok token enables InstaSupply to offer a range of services which solve the problems of SMBs and the services are Integrated Payment Solution, Supply Chain Financing and Asset-based lending.
The processes involved with the payment for goods and services sometimes take weeks and even months before completion and this inherently means late payments; generally late payments are sometimes inevitable and big businesses might be able to cope with it but small and medium-sized businesses might not be equipped to handle repeated occurrences of late payments. These late payments are really big issues for small and medium-sized businesses because companies sometimes take loans to help with the running of their businesses from financial institutions like banks and banks are generally more confident with granting loans to big businesses unlike small and medium-sized businesses; it is because of this reason that big businesses can still stand their ground when they receive late payments for goods and services unlike small and medium-sized businesses that rely solely on internally generated revenue.
When a service is rendered or goods are sold, to start the payment process invoices are generated by the seller and sent to the buyer for payment; upon reaching the buyer, the invoice is reviewed and then accepted or rejected as the case may be. When an invoice is accepted, the data involved is transferred to the financial departments for final payments but manual input is always prone to human error and manipulation. An technological solution is no doubt needed to address these issues; technology reduced human input by up to 90% resulting in payments being made well before the due date.
FEATURES OF PLAYBOK
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.
InstaSupply is a cloud stage that enables organizations to track and control spend crosswise over providers. The stage gives buy requesting, spending control, endorsement work processes, conveyance following, secure receipt and credit report stockpiling and information gathering, provider and item administration, instalment control, and bookkeeping compromise administrations.
Payblok.instasupply is a crypto-asset (token) that allows its owners/holders the access to exclusive benefits inside the InstaSupply platform and it will be developed under the ERC20 Token Standard.
• 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)
• Ticker- PBLK
• Platform- Ethereum
• Country- United Kingdom
• Soft Cap- 25,000,000 USD
• Hard Cap- 45,000,000 USD
• Total Tokens- 250,000,000
• Available For Sale- 60%
• KYC Required- Yes
ROADMAP AND DEVELOPMENT PERSPECTIVE
Above you can see the roadmap — how the team sees their nearest and long-term future.
TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT
Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field. We are not just a company founded solely for ICO.
For more information about this project, please visit;
Bounty0x Username: nugezmils