PayBlok: B2B Payments within the InstaSupply Platform
Today instasupply is a platform that enables businesses to manage the exchange of all their business interactions with their existing supplier base. These interactions include placing purchase orders directly with those suppliers, documenting the receipt of goods delivered from the same suppliers, and receiving all corresponding invoices. they already have over 2000 businesses that use their platform every month. The last mile of the process is the payment of the suppliers invoices. This is only part of these interactions which they don’t already handle their selves. in the system’s current state they push approved invoices to buyer’s bank, accounting software, and ERP systems whereby they make payment directly to their suppliers based upon to the invoice due dates.
Instasupply would like to own the entire process from order to payment and they believe that owning this ‘last mile’ is an important step that would provide benefit to both buyers and suppliers. They believe developing smart contracts based upon triggers such as buyer approved invoices could trigger instant payment to the supplier, enabling us to provide a supply chain finances solution.
Payblock tokens will act as an incentive to promote an adoption of instasupply’s built-in payment feature. This will make instasupply a better alternative to any externalized payment process.
When a payment is processed through instasupply. Both the buyer and the supplier will receive tokens as a reward. Tokens holders will have many uses for payblok tokens within the instasupply platform with access to exclusive features such as discounted fees for accessing the platform and supply chain finance products.
Access to asset-based lending, where tokens will be used as collateral for guaranteeing a loan. Using tokens to make actual payments.
about Blockchain:
A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a cryptographic hash of the previous block, a timestamp and transaction data.By design, a blockchain is inherently resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”. For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority.
Blockchains are secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been achieved with a blockchain. This makes blockchains potentially suitable for the recording of events, medical records, and other records management activities, such as identity management, transaction processing, documenting provenance, food traceability[ or voting.
Blockchain was invented by Satoshi Nakamoto in 2008 for use in the cryptocurrency bitcoin, as its public transaction ledger. The invention of the blockchain for bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server. The bitcoin design has been the inspiration for other applications.
Token PBLK
Price 1 PBLK = 0.10 USD
Bounty Available
MVP/Prototype Available
Platform Ethereum
Accepting ETH
Country UK
Whitelist/KYC KYC & Whitelist
Restricted areas USA
For more information about the project please visit the Following Links:
website: https://payblok.instasupply.com/index.html
twitter: https://twitter.com/instasupply
telegram: https://t.me/joinchat/HZSTLA9rcKJJZKXUHlHkfA
facebook: https://www.facebook.com/instasupply
Meduim: https://medium.com/instasupply-blog
Created by:
Bitcointalk username: among
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=1112442
Bounty0x username: hassan500