Finance plays many roles in every sphere of business. It helps to increase its liquidity but this often has some problems that kick against the idea. One of the most accessible mediums of getting funds is loans. Nevertheless, trading invoices is another method of gaining traction when doing business.
Considering the growth of invoice financing over the years, this project (Pcore) made researches into the current model. The outcome was dissatisfactory because of the fragmented structure of attaining liquidity. The inability of the lender to derive interests and the inherent risks in the system formed the basis for this project.
We’ll now look at its functionalities and the impact on the traditional invoice factoring (financing) approach used around the world.
Connecting Involved Parties
The stage is set for decentralized connectivity that brings the major players, (the lender/buyer, and the borrower/company) into one ecosystem. This move by Pcore is imperative because of the inability of a company to get the attention of a worthy investor in the traditional format. In the stead, the use of blockchain technology helps this project to connect both parties at no costs. What’s more? They are sure of transacting without hassles.
Promoting Secure Transactions
Contrary to the fears expressed by users of the brick and mortar invoice-financing model, Pcore takes advantage of the smart contract technology to improve the fortunes of its users. By implication, fraud and other nefarious activities, which may have hitherto held sway before now, are on relegation.
In the stead, the borrower has to upload relevant documents to prove his creditworthiness. At the same time, potential investors (lenders) on the ecosystem will have access to these documents. On verification, a willing lender can make an offer to take up the funding. Both parties proceed to list expectations from the collaboration. If this goes down well with each side of the bargain, the smart contract comes in to record the agreements before proceeding to the execution. It’s worth mentioning that its input to the process is based on the agreements reached by the lender and borrower. At the end of the transactions within the designated timeframe (usually 2 months or more), the smart contract, once more, facilitates payouts, which signals the end of the transaction.
Stabilizing Income on the Receivable Invoice Marketplace
Another dimension to this project is the enablement of finance/revenue generation for the transacting parties. This is a clear leap from the conventional concentration of revenue/funds to the borrower. In this case, a company receives the required fund to settle bills or get more materials for projects. On the other hand, the lender is at liberty to trade the received invoice in a commercial business scenario. This creates an avenue for revenue and would continue for the duration of the expected date of repayment from the borrower.
PCC token sale info
Token Symbol: PCC
Platform: Ethereum
Type: Utility
Token Standard: ERC-20
Exchange Rate: 1 PCC = $0.39 USD
Soft Cap: $1 million USD
Hard Cap: $5 million USD
Country of Registration: The United Kingdom
Restricted Areas: The United States of America, China
The best of both Worlds
Without an iota of doubt, Pcore is unto a business model that is in great need in the world today. When it becomes operational, we hope to see positive improvements in the traditional methods of invoice financing.
VISIT THE FOLLOWING USEFUL LINKS ON PCORE TO KNOW MORE ABOUT THIS AWESOME PROJECT
Website : https://www.pcore.co/
Bitcointalk ANN thread : https://bitcointalk.org/index.php?topic=5121997.msg50244695
Whitepaper: http://www.pcore.co/assets/docs/White_Paper.pdf
Roadmap : http://pcore.co/index.php#roadmap-title
Twitter : https://twitter.com/PcorePCC
Facebook : https://www.facebook.com/PcorePCC
Reddit : https://www.reddit.com/user/PcorePCC
Join Telegram group : https://t.me/PcoreLTDGroup
Writer's info
Bitcointalk username : deodivine1
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1390292