About PayBlok
The projects which excite me the most are the ones which are able to apply blockchain in a clearly useful and beneficial way: there are way too many projects trying to create a solution and invent a problem at the same time. One of the main characteristics of the blockchain (which is of course a decentralised ledger in essence) which is most useful for disrupting traditional industries is its ability to create a more efficient financial and operational ecosystem through the use of its tokenised economic system and smart contract utilities.
InstaSupply, through their PayBlock utility token, are proposing to harness this core characteristic of blockchain in order to incorporate superior payment and financing features into their currently operational InstaSupply platform. The InstaSupply platform is not only currently operational with an MVP, but they are a successful company already servicing over 2300 businesses.
The InstaSupply platform currently offers businesses solutions for a complete business-to-business supply experience: businesses are able to effectively match purchase orders to deliveries and invoices, manage daily operations such as invoice and order maintenance, and organise payments to be made to suppliers through their traditional banking services.
However, there is one thing missing from the InstaSupply ecosystem: a built-in payment solution. This is where PayBlok (PBLK) comes into practice, and is being introduced as the payment solution- essentially in order to allow B2B payments and financing on the InstaSupply platform.
Sale information
• 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)
• 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
InstaSupply's Solution: PayBlok (PLBK) Token
The PayBlok (PLBK) token, specifically then, is the utility token to be used within the pre-existing InstaSupply platform to enable financial transactions in-platform, such as direct payments of invoices themselves. This will provide multiple advantages for InstaSupply users in terms of efficiency and increased utility:
- By owning the whole B2B sourcing process from order to payment, the InstaSupply platform is a truly self-contained ecosystem for businesses to effectively and efficiently manage their entire B2B experience.
- Utilising smart contract technology within the platform can make the payment process more seamless: for example, smart contracts based on triggers can be used to automatically release payment if certain parameters are met, such as buyer approved invoices, payment can immediately be released to the supplier.
- Playing an important part to promote a healthy ecosystem, PayBlok tokens will act as an incentive to use InstaSupply's built-in payment solution (such as discounted fees) , thus strengthening the network further.
Both buyers and sellers, therefore, are rewarded in PlayBlok tokens for using InstaSupply's more efficient and cost effective payment system. A blockchain-based financial solution such as this is in many ways clearly superior to traditional solutions.
Team
Tim Huegdon
CO-FOUNDER AND CIO/CTO
Member of this ICO only
Lee Pruitt
CO-FOUNDER AND CEO
Member of this ICO only
Neil Crosby
HEAD OF TECHNOLOGY
Member of this ICO only
Michael Davies
CHIEF TECHNICAL ARCHITECT
Member of this ICO only
Jonny Ford
DEVOPS ENGINEER
Member of this ICO only
Peter Featherstone
SOFTWARE ENGINEER
Member of this ICO only
Lee Jordan
HEAD OF USER EXPERIENCE
Member of this ICO only
Marcus Raphael
HEAD OF BUSINESS INTELLIGENCE
Member of this ICO only
Martin Coxall
DIGITAL MARKETING DIRECTOR
Member of this ICO only
Bruno Valerio
PRODUCT MANAGER
Member of this ICO only
Isaac Adako
CUSTOMER SUCCESS MANAGER
Member of this ICO only
Suravi Saha
CUSTOMER SUCCESS ASSOCIATE
Subarna Saha
CUSTOMER SUCCESS ASSOCIATE
Chris Entress
SALES EXECUTIVE
Member of this ICO only
Amara Wyatt
GRAPHIC DESIGNER
Advisors
Riaz Shah
INVESTOR & DIRECTOR
Advisor of this ICO only
Mark Evans
INVESTOR & ADVISOR
Advisor of this ICO only
Mark Hodges
TAX ACCOUNT
Advisor of this ICO only
Sarah Lane
COMPANY LAWYER
Advisor of this ICO only
Detailed descriptions and LinkedIn profile links can be found on the PayBlok site: https://payblok.instasupply.com
Conclusion
It is important to note the importance of InstaSupply's position as a ready functioning company: blockchain is, of course, not a magic bullet but the technology provides opportunities to enhance aspects of our lives and of industrial/ business operations. In my opinion, blockchain is most usefully applied as a means of modernising or revolutionising current solutions. InstaSupply have identified a blockchain-based solution in the form of their PayBlok token which solves the problem of inefficient and awkward B2B payment transfers, and makes the InstaSupply platform overall more complete, more efficient, and more useful overall for buyers and suppliers.
The problem of inefficient and outdated payment solutions is real and present in the B2B space, and one which blockchain is suited to solve. InstaSupply's use of smart contract technology within their platform will undoubtedly modernise users' financial transactions, and new capabilities such as setting peramaters for the release of payments will make handling finances through InstaSupply more efficient and secure.
Blockchain technology offers a tokenised financial model which offers a solution to the traditional problems of slow, inefficient and painful financial processing. If the team is able to deliver in the way they envision, InstaSupply will be a shining example of how to modernise and optimize a space using the financial model and applications of the blockchain.
Website: https://payblok.instasupply.com
Whitepaper: https://payblok.instasupply.com/documents.html
Bounty0x: button98
Disclaimer: this is not financial advice, just my personal opinion and findings based upon research.