Hive vs Populous - What happends when two ICOs have similar specifications
Hi there! I've been following Hive (https://hive-project.net/) for a long time. Actually I was quite excited about their project, because it really seems to cover a new world in the invoice financing market which was not cover until now.
A few weeks ago I also read about Populous (http://www.populous.co/), which covers many of the same issues Hive is trying to cover.
After reading the whitepapers it seems Populous is focused to become an invoice exchange platform where you can buy & sell invoices and Hive wants to use the invoice factoring to get the invoice entry into the system, creating a credit score with public historical data of the businesses.
I've seen many people arguing about which one the legitimate one, but as I see it, and if you check at the time a project like this needs before you create an ICO, I guess both are trying to work in the same invoice financing market, but with some differences between both projects. Anyway the market they are focusing is a 6 trillion dollar/year industry, so there is a big pie and there will be enough for both of them if in the end they offer a solid and scalable solution.
Hi, funny you ask that as i had the same thought a month ago. I actually reached out to both of them to clarify the defining difference. Populous never responded and at least HIVE had the decency to respond (although in pretty bad english). Based on that HIVE would win from my perspective. See below their answer:
"thank you for reaching out with a question.
If I understan correctly, Populus´s aim is to become invoice exchange platform, where you van buy & sell invoices. However, Hive is aiming at sth different:
Hive uses invoice factoring to get the invoice entry into the system. System will than have a fund running and will be opened to peer to peer financning like an exchange, however end goal for us is - credit scoring of the companies and 3rd party auditing.
Hive will be an ecosystem of invoices that will be used for credit scoring and 3rd party auditing. Populus aims to be invoice exchange.
To kick start we will have the fund buying invoices in crypto, however latter on it will be an eco-system with data offered to the market.
If you need anything else pls don´t hesitate and let me know!"
Thank you for sharing your research about them @attalis.
That's also a very important factor, when we say the team is something to take into account, it's a big truth. The Hive team seems to be doing things pretty well. I saw this week they won an ICO prize in Europe.
I am betting on HIVE.