PayBlok & InstaSupply Bringing Supply Chain Financing To The Blockchain. Owning 100% Of The Supply Chain Now With Finalizing Invoices And Payments
First The sizeable problem
Small businesses have $20Trillion + in outstanding receivables, and they take an average of 60–90 days to get paid, with 50% of those still paid late. The options for solving these challenges are very expensive and very limited, but the company “InstaSupply” is already involved in tracking and reducing this issue.
The InstaSupply-platform is ALREADY has over 2300 businesses as clients and is growing every day. By helping businesses to match purchase orders to deliveries, and then finally to invoices, those Businesses are provided an opportunity to control which of those invoices should be paid and which require more investigation or a further review. In addition with thee InstaSupply-platform Payment Run product, businesses can group together the approved invoices, apply any outstanding supplier credit, and generate a list of payments to be made to suppliers through their traditional banking services.
So today's 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 as clients that use their platform every month. However 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 own and handle them selves. With the system’s current state they push approved invoices to a buyer’s bank, accounting software, and E.R.P. systems where they make payment directly to their suppliers based upon to the invoice due dates.
Instasupply wants 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 TOTAL supply chain finances solution.
Now about the Payblok Token. The Payblock-tokens will act to incentivize and to promote an adoption of Instasupply’s-built-in payment feature. This will make The Instasupply Platform a better alternative to any externalized payment process.
When the payment is processed through The Instasupply Platform. Both the buyer and the supplier will receive tokens as a reward. Token holders will have many uses for Payblock-tokens within the instasupply platform and get 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.
For more information check out information and links below:
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 itself 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
- **By Babylontreker
- Submissions made through Medium must contain a disclaimer at the bottom of the post saying “This article was created in exchange for a potential token reward through Bounty0x”.
