Invoxfinance.io is a decentralized platform that has bought full transparency to the invoice finance concepts. It is developed by using the popular technology named as Blockchain that has made it paperless and of course transparent. It not only brings openness also it comes with attractive features that have made invoice financing free of risks and highly profitable to all involved parties.
Invoice finance-
A customary receipt financing is totally depending upon the purchasing invoice of financier from a seller. Consequently, financer consents are progressing monies to a dealer all against each invoice. A buyer who has bought the product of seller has to pay invoices, particularly to a financier.
How is this platform going to bring the solution to problems?
Invoxfinance.io is as you know peer to peer decentralized platform of invoice leading that lets sellers, investors, buyers in getting connected, do interaction, share and distribute valuable information directly. This platform is aiming at creating fully trusted environment through facilitating the transparency all in between various parties and rewarding the performances. However, this platform is going to disrupt and also revolutionizes a traditional invoice financing through implementation of a system in which both trust and transparency is all parties are strongly developed with the help of in-built reward system. The transaction execution and information flow are not going to get depend on only one centralized service giver. It is governed by the set of well-framed rules that are transparent on a ledger that is fully distributed.
Problems that user faces-
• The buyer or merchant might plan to cheat the lender altogether.
• A buyer might debate on an installment obligation.
• A merchant might issue the receipt for the administration that isn’t finished completely or item that is not concerning necessities or concurred determinations.
• Some issues are there with many-sided procedures quality and all legitimately included documentations. Planning and implementation of an authoritative archive are little bit complicated and cost-effective and might include numerous outside suppliers.
• A merchant in rupture of concurrences with lender might train buyer for paying solicitations particularly to those but not restoring assets to the agent.
• A buyer might wind up or wipe out or might be unfit for paying for solicitations.
Key issues with invoxfinance.io traditional are that a financier collecting invoice through the dealer and propel assets all over it is not having immediate assertions with the buyer. An agent exclusively believes that data is provided by a dealer
. As a result, connections between a buyer and merchant is not fully straight forward to financier and in such a way an uncovered financier to a danger of invoice not paid as debated or concurred.
Token-
An invox token is developed on an Ethereum network. With finance system, an organization will launch token named as the invox token. It will be provided to the sellers and buyers in form of reward for transactions verifications. It is necessary for a seller having the token for accessing invox finance platform. Sellers have to pay some amount of those of membership as yearly. A company is launching ICO; the purpose of it is pre-sale of membership by the sale of invox tokens. One will receive the token at the discounted rate for doing participation in ICO
Website : https://www.invoxfinance.io
Telegram : https://t.me/InvoxFinanceCommunity
ANN thread : https://bitcointalk.org/index.php?topic=3048498.0
Whitepaper : https://www.invoxfinance.io/docs/Invox-Whitepaper.pdf
Facebook : https://www.facebook.com/invoxfinance
Twitter : https://twitter.com/InvoxFinance
My Bitcointalk Profile Url : https://bitcointalk.org/index.php?action=profile;u=1434888
