Hive - Factoring on Blockchain
Many small entrepreneurs have problems with liquidity. They issue an account and wait for months and months to pay. Hive (HVN) offers a solution that provides a direct insight into the issued invoices of an entrepreneur, which can help you get better liquidity, while earning money as an investor.
Source: Hive-Project
In the current financial arrangement, an entrepreneur who has delivered a service or supplied goods to bridge the "time without money", that is, the time between issuing the invoice and his payment, has two options. With the bank, it can hire a bridging loan (or some other form of financing) or use factoring, this is a kind of buying-in of a claim. Both of these forms are time-consuming and also relatively costly in terms of costs (approvals, interest, commissions ...).
Hive offers a different and more efficient solution
On a common platform, it combines all available financial information about the company and the buyer, who must pay the account. So, as a potential investor to provide liquidity to a company, you have a credible insight into an individual business and thus earn a living in place of a bank. Indeed, factoring practices last for a long time, because the factor must verify the credibility of the issued invoice and the credit rating of the buyer that the bill should settle.
On the Hive Platform, you can avoid, for example, multiple sales of the seller's claims and misleading customer credit score.
How It Works?
The company's financial data is loaded on the data block chain and is publicly accessible. A scattered book of accounts enables data transparency and unchangeability in one place in real time.
The data owner is a company, but blockchain technology addresses the issue of "trust" in the business world, so the Hive platform offers smaller companies faster and cheaper access to liquid assets, and on the other hand allows data to be revised in real time. The so-called "live finance" provides lenders / investors with reliable data on the creditworthiness of the borrower / company. The greater confidence of lenders means a lower risk premium, making the whole business inexpensive.
Tags: #steemitisbeautiful #news #steemit #blog #life , #busy ,#smokenetwork #jerrybanfield #OCD-Resteem #acidyo #sndbox #slowwalker #brian-rhodes #eveuncovered #vcelier #UpvoteForUpvote #TrevonJB #CraigRant
Special thanks and support to: @hr1 , @bue , @welcoming , @surpassinggoogle , @gaman , @minnowpond , @trevonjb , @jerrybanfield , @craig-grant , @knozaki2015 , @gavvet , @papa-pepper , @curie , @stellabelle , @sweetsssj , @kevinwong , @kingscrown , @officialfuzzy , @steemtrail , @kaylinart . Keep up the great work, without you Steemit would not be the same.
Venera v Slo? Zanimivo...
:)
Hehe ja ;) Se še bolj učim ta Steemit, nikakor mi še ne gre ok in upam da mi 1x uspe. Fajn bi bilo tudi čimbolj razširit Steemit pri nas pa mogoče res narediti kakšno skupnost, kar je lahko dolgoročno super.