PayBlok - a universal financial solution for small and medium businesses

in #blockchain6 years ago

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Greetings to the numerous crypto community! To date, the development of small and medium-sized businesses depends to a large extent on its financing by the banking sector through lending. This dependence significantly hinders the development of this sector, although the turnover of financial resources of this sector is estimated at tens and hundreds of trillions of dollars. The economy of many countries in a significant proportion depends on small and medium-sized businesses, so this sector should be given special attention. Now we can say that this sector is not very secure, as it has no essentially alternative financial instruments, except for bank lending. Of course, one can recall state subsidies, but to a large extent its percentage is rather small, besides it is necessary to have a working enterprise already, in order to hope for subsidies.
A serious problem for small and medium-sized businesses is the implementation of large payments, which take place quite a long time (up to several months), this is for several reasons, including through the fault of the client. These business processes directly affect the financial component of the company, the faster they occur in time, the more will be the turnover of the company's funds. Overdue payments turn the accounts payable of one company, into the actual receivable another. Such debts reduce the opportunities for obtaining further bank support, or refuse to receive it even at the initial stages of the company's formation. Banks prefer to work with large firms.
InstaSupply is the solution to this sector's problems. It provides the workflow of buyers and suppliers, managing payments and fees. Currently, more than 2000 enterprises use the services of the platform, the annual turnover of financial resources in the form of invoices is more than $ 60 million. InstaSupply allows users to create and host
purchase orders, delivery tracking and related invoices; this allows buyers to track, manage and control their expenses.
After receiving the invoice, customers on the platform can view the invoice and accept or reject it, respectively. Once the account is accepted, the invoices
are paid outside the InstaSupply platform. Since the data is transferred to the customer accounting software for accounting and possible payments, the customer
is required for manual recording, when the account will be paid on the InstaSupply platform.
PayBlok is a platform utility token that provides holders with exclusive tools on the InstaSupply platform. Tokens provide holders with the following tools: integrated payment solution, asset-based lending, and financing of the supply chain.
Token Token: PBLK
Standard token: ERC-20
1 PBLK = 0.10 USD
Sellers must have 3 or more percent of the amount of the invoice required for payment as collateral to reduce financial risks. Investors holders of tokens profit from the activities of the platform, as a return on profits. This creates an ecosystem that is beneficial for all parties.
The public sale of PayBlok was suspended, as by attracting investments from the funds it was enough to systematically promote the strategic development of the platform.

Lee Pruit - Executive Director of the company has more than ten years of commercial experience in e-commerce and procurement.

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According to the development strategy of the platform on the basis of the road map, the full formation of tools and capabilities is planned until 2020.

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The article is purely informative and does not stimulate your investments, make informed decisions based on your own analysis.
More details about the project, you can follow the links below:
Official website - https://payblok.instasupply.com/
Telegrams - https://t.me/joinchat/HZSTLA9rcKJJZKXUHlHkfA
Technical Document - https://payblok.instasupply.com/documents.html
Twitter - https://twitter.com/instasupply
Profile of beta.bounty0x - ivanzabolotin
My MEW is 0x04Dc948863fE21b097b8752b115a1318a2a1952c

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