PayBlok is a cryptoasset that incentivizes B2B payments within the InstaSupply platform.The InstaSupply platform aim to improve how quickly businesses pay and get paid, InstaSupply is a cloud platform which allows businesses to track and control spend across suppliers. We bring together purchase ordering; approval workflows; budget control; delivery tracking; supplier and product management; secure invoice and credit document storage and data collection; accounting reconciliation; and payment control.
PayBlok is a token aimed at solving small and medium size business cash flow problems by offering an early payment function on top of the existing features within the InstaSupply platform, which currently connects buyers and suppliers, matching purchase orders, deliveries, and invoices.
Supplier finance optimizes cash flow for businesses by lengthening their payment terms to their suppliers while providing the opportunity for suppliers to get paid early using third party funding.
INSTASUPPLY PLATFORM IDENTIFY PROBLEM IN BUSINESS
Small businesses have $20T+ in outstanding receivables; take an average of 60 days to get paid, with 50% still paid late. Options for solving these challenges are expensive and limited, but InstaSupply is already involved in tracking and reducing this kind of issue.
INSTASUPPLY WORKING SOLUTION
The InstaSupply platform is already supporting the trade of over 2300 businesses, and is growing daily. By allowing businesses to match purchase orders to deliveries, and finally to invoices, we provide them with an opportunity to control which invoices should be paid, and which require further investigation. What's more, with our 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.
DISTINGUISHED FEATURES OF PAYBLOK
PayBlok distributed: 150 million tokens are sold at a maximum of $0.30 USD per token during the sale.
Implement a payment gateway in InstaSupply: Payment processing (supplemented with PayBlok tokens) will be implemented within InstaSupply in order to receive funds from buyers and disperse them to suppliers.
Buyers and suppliers receive PayBlok as incentives: Tokens will be credited to buyers and suppliers that choose to use the InstaSupply gateway to pay their invoices.
Financing invoices: Businesses immediately unlock up to 98% of their approved invoice value.
Asset-based lending: To further solve cash flow issues, PayBlok holders can use their tokens as collateral to secure short-term loans.
The end game: As token adoption reaches 100% within our economy, PayBlok becomes a means of payment within it.
TOKEN DISTRIBUTION
HOW TO PARTICIPATE IN TOKEN SALE?
Participating in the token sale can be achieved through 3 easy steps:
- Register.
- Apply for the whitelist and provide your ether wallet details.
- Wait for whitelist approval confirmation (via email) and receive a hyperlink to the sale.
THE INSTASUPPLY TEAM
They are highly experienced group of individuals.
CONCLUSION
The InstaSupply platform aim to improve how quickly businesses pay and get paid. For details information about InstaSupply, it is important to check their various links and channels indicated below:
Website: https://payblok.instasupply.com/index.html
Whitepaper: https://payblok.instasupply.com/documents.html
Join on Telegram: https://t.me/joinchat/HZSTLA9rcKJJZKXUHlHkfA
Follow on Twitter: https://twitter.com/instasupply
Follow on Medium: https://medium.com/instasupply-blog
Follow on Reddit: https://www.reddit.com/r/ico/comments/8jccem/payblok_is_a_cryptoasset_that_incentivizes_b2b/
Follow on LinkedIn: https://www.linkedin.com/company/instasupply/
Follow on YouTube: https://www.youtube.com/channel/UCoYhK-h2xW8oBy3KlxwK0bQ
Follow on Slack:https://payblok.slack.com/join/shared_invite/enQtMzU1NjczMTA2OTc2LTcyZmRlNzcxN2U1ODExNTdjMzc2ZWQyYjc1NzExZThmYjljOGRiZmU5YTI4YWM3MWI3NWY4OGVhYWNiMGUzZmY
Follow on Bitcointalk:https://bitcointalk.org/index.php?topic=3740408.msg36983691#msg36983691
Follow on Facebook: https://www.facebook.com/instasupply
Follow onBitbucket: https://bitbucket.org/instasupply/payblok
NB: Most of the picture diagrams and table displayed in this write up are obtained from official site of InstaSupply
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