PayBlok: Supply Chain Financing on the Blockchain

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InstaSupply simplifies the business interactions all the buyers and suppliers through online. It facilitates to capture, digitize, and automate all the aspect of the payments.

Late Payment can be identified as the major issue that faced by the Small and Medium Business (SMB) where 47% of businesses are paid late.

The other problem is SMBs are not willing to obtain loans from the Banks. Instead they are going for internal funds, cash from friends and family to fund their businesses at the initial stage. The Bankers are reluctant to give loans to the start uppers due to their lack of financial intelligence, high transaction cost and higher risk.

InstaSupply provides a facility manage the payments and collections as a solution to these current problems. This is very popular in todays’ context and over 2000 businesses currently use this platform. InstaSupply allows users to

create and place purchase orders
track deliveries
match orders to corresponding invoices on InstaSupply platform.

Further this platform collects data from both suppliers and buyers. This leads buyers to track, manage, and control their spending. The steps of this process can be identified as,

receiving an invoice
review the invoice by the customers
accept or reject it
If accepted, invoices are paid outside the InstaSupply platform

PayBlok is a crypto-asset which the owners can be traded without restriction or the need for consent or participation from InstaSupply. Furthermore, InstaSupply will offer more solutions for the problems faced by SMBs with the assistance of this PayBlok Token. Those offers can be identified as, Integrated Payment Solution, Supply Chain Financing and Asset-Based Lending.

In the InstaSupply platform there is a Decentralized Community where each and every participants that can contribute and get rewarded for their work. Those communities are Buyers Community, Sellers Community, Investors Community and Validators Community.

The strategy of InstaSupply can be spited into three main approaches.

Inbound Marketing
Partnerships
Integrations

If the payments are made through PayBlok Token, it goes through following steps,

Upgrading the InstaSupply invoice
Upgrading the current InstaSupply Payment
Providing funding to suppliers
Creation of vendor wallets
Providing integration of PayBlok
Providing PayBlok cash-out functionality, PayBlok purchase functionality and PayBlok transfer facilities

Accordinglythe Token use in this project (PayBlok) is called as PBLK. The total supply of Token is 250,000,000 where the maximum hard cap and minimum soft cap are respectively $15,000,000 USD and $5,000,000 USD. The total token supply is expected to allocated as follows,

Token sale - 60%
Blocked for future use - 13%
Company, Team and Advisors - 18%
Reserved to incentivize the economy – airdrop - 5%
Affiliate Referral Program - 1%
Bounty Program - 3%

The project lined up to achieve followings in the near future.

Building out of InstaSupply team to develop, support, market, and selling the extended product.
Developing new features
Delivering integrated payment gateway
Delivering PayBlok wallets
Providing full in-platform payment runs
Providing transfer-in of PayBlok tokens
Providing the facility of Supply Chain Financing and Asset-based Lending
Providing transfer-out of PayBlok from InstaSupply wallets and cash-out of PayBlok tokens within InstaSupply
Delivering of more regulated financial services for businesses

InstaSupply is driven toward the success by an excellent team that comprises with highly qualified and well experience nuts. They are experts in B2B selling, e-procurement, huge number of languages, Auditing, software development, Business Intelligence, technology, public relationship, and legal matters and so on.

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