Populous - Business Synergy In Action?steemCreated with Sketch.

in populous •  2 years ago  (edited)

Populous released an interesting tweet on its official twitter account and I ponder the reasons why? See the image below.

EulerHermes-Tweet.png

What is the significance of this tweet? Is Populous telling us something? Is Populous working with Euler Hermes?

EulerHermes.png

Euler Hermes is not a small town insurance company. It is a global player and part of Allianz.

We know that to protect its’ investors against defaults when buying invoices Populous will incorporate the need to purchase credit insurance. Euler Hermes would seem to fit the bill perfectly with its experience in the invoice factoring industry.

Why The Euler Hermes Tweet?

I am sure that Euler Hermes is not the only company that can provide credit insurance but why the tweet?

It was only a few weeks ago that Euler Hermes organised a meeting with Populous and one thing that came out of that meeting was Euler Hermes’ understanding of blockchain technology. Little did I know that Euler Hermes already have a working platform and I assume just waiting for the right time.

Since Euler Hermes also provides credit insurance for other invoice factoring companies they already know the in’s and out of the invoice factoring business. The video release also demonstrates that they know the future is in blockchain technology and they appear to be gravitating towards it!

Platforms like these are not just written overnight. Time and money need to be invested to research the technology and its applicability in the industry to which they operate. They see the future.

Why buy credit insurance from those still working in the old system and not from like-minded people and companies in the industry. Euler Hermes would be an ideal partner for Populous to have.

How Will Euler Hermes Help Populous?

Notwithstanding the blockchain based insurance platform which Euler Hermes have already developed the future is where Euler Hermes will have an important part to play with regards to Populous' growth.

When Populous expand overseas they will need insurance partners in countries they wish to operate in. This is where Euler Hermes will provide syenergy in the prospective partnership. Euler Hermes already have offices in many of the countries around the world.

EulerHermes-Map.png

Populous can quickly move into any country with Euler Hermes as their spear head. Populous would no longer need to waste time and money to find a local insurance partner in each country because Euler Hermes will already be there. It is quite possible that Populous can temporarily setup in Euler Hermes’ office before going all in!

Even if Euler Hermes does not provide credit insurance in specific countries, this does not stop Euler Hermes from doing so to help Populous to set up shop. It is a win-win scenario for Populous and Euler Hermes.

What Does All This Mean?

Like all insurance providers Euler Hermes will need access to the credit history of a buyer in order to determine the level of the premium. Instead of going out to a third party, Euler Hermes can now obtain this information “in-house”. Rightly or wrongly, I am considering Populous and Euler Hermes as one entity here in terms of the business they will be involved.

Euler Hermes can utilise the in-house credit rating provided to determine the premium levels for invoice sellers. As a result Euler Hermes can provide quotes quicker with possibly lower premiums because they would have eliminated a lot if not all the paperwork and manual confirmation procedures involved.

All cost savings translates to lower prices for potential customers and more customers for Populous mean more profit potential.

In Conclusion

This could be a WIN-WIN-WIN scenario. A WIN for Populous, a WIN for Euler Hermes and a WIN for PPT holders. This potential partnership is another case of ADDING VALUE which I wrote about in my last post.

Populous will not only be the first Invoice factoring company on the blockchain when the Beta is launched in November, it will also be the first credit rating agency on the blockchain. Notwithstanding, if Euler Hermes is also involved as I suspect they are, Euler Hermes in conjunction with Populous will quite possibly also be the first insurance provider on the blockchain.

The period leading up Beta launch is certainly starting to be filled up with all sort of surprises starting with the announcement of the airdrop of XBRL tokens leading to the creation of a Populous Credit Agency.

I would be very surprise if there was not some sort of partnership between Populous and Euler Hermes as they seem to be ideal partners.

My Other Populous Posts

I have posted a number of articles on Populous with the latest one below which is also linked to all my other Populous posts or go here to find them.

Populous – Adding Value, What’s Next?
https://steemit.com/populous/@marcusxman/populous-adding-value-what-s-next
Populous – Can Predict The Future?
https://steemit.com/populous/@marcusxman/populous-can-predict-the-future

This is NOT Financial Advice

In my humble opinion, the risks to the downside are small compared to the potential upside rewards. This should not be construed as financial advice but an opinion only. As usual do not invest more than you can afford to lose as these investments can go to zero and always do your own due diligence.

Feel free to comment as you see fit below.


I’m just letting off Steem, if you found this post informative then UPVOTE (with FULL POWER), COMMENT, FOLLOW and especially RESTEEM.

Live Long and Prosper


I wrote this article myself and it expresses my own opinions. Computer literacy is crucial in this day and age. Just because someone tells you it is good does not mean that it is good for you.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

We may have our private opinions but why should they be a bar to the meeting of hearts?

- Mahatma Gandhi

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by marcusxman from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

@mrainp420 has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond. To be Resteemed to 4k+ followers and upvoted heavier send 0.25SBD to @minnowpond with your posts url as the memo

Congratulations @marcusxman! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of comments received

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

This post was resteemed by @resteembot!
Good Luck!


Curious? Check out:


The @resteembot users are a small but growing community.
Check out the other resteemed posts in resteembot's feed.
Some of them are truly great.

·

The @OriginalWorks bot has determined this post by @marcusxman to be original material and upvoted it!

ezgif.com-resize.gif

To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!

To enter this post into the daily RESTEEM contest, upvote this comment! The user with the most upvotes on their @OriginalWorks comment will win!

For more information, Click Here!
Special thanks to @reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place!