Before the global economic crisis a decade ago, which sent many entrepreneurs out of business, individuals around the world were already taking interest in establishing businesses of their own. While this is a good way to boost income, sadly, startups/entrants into the growing community of franchise owners have a hectic time to understand the system.
On this note, the blockchain technology is pleased to host a viable project, Pcore, which aims at solving the inherent issues that place limits on the growth of small and medium scale enterprises around the world.
The Bane of Invoice Factoring
This project wants to reinvent the traditional means of invoice factoring by using the decentralized network provided on the blockchain. This quest takes premise on the fact that the current model is literally the last source of hope for a business that wants to raise funds immediately. Besides, lack of trust is imminent because the transacting parties (the business and financier) are dealing based on trust.
Decentralizing the System
As expected, this project brings full-scale decentralization into the current structure. The most fascinating thing about this is that it has a structure that makes sure involved parties get their dues.
Converting Receivables
In the financial ecosystem of Pcore’s invoice factoring, a business doesn’t have to trade its invoice in exchange for a specific sum of money. The receiver also called the “factor” releases the needed amount of money to the business while it keeps the invoice. In addition, it generates extra income by converting the received invoice into a tradable asset. That way, he has enough interests while waiting for the borrower (the business) to make a repayment.
A Habitable Marketplace
In fiat climes, a business owner that needs funds to secure a deal or boost the services offered by his enterprise often regards invoice factoring as the best way to get the money he needs. Despite this, there is also a challenge of getting an investor that may have an interest in the whole setup.
This informs the reason why Pcore chose to create a unified ecosystem that features the transacting parties. To that end, companies (lenders) that find a borrower’s proposal interesting can reach out to strike a deal. Looking at this model and considering the current approach, it’s clear that this project has the interest of users in mind.
Security and Transparency
Have you ever engaged in a transaction and wished you could pull out before it gets late? That feeling is synonymous with investors who are always scared to lose funds. To check the occurrence of this, Pcore created the Hive ecosystem and smart contracts to check the legitimacy of a document before integrating it into the platform.
Token Sales Information
Ticker: PCC
Token Type: Utility
Token Standard: ERC-20
Platform: Ethereum
Price: 1 PCC = $0.39 USD
Soft Cap: $1 million USD
Hard Cap: $5 million USD
Country: The United Kingdom
Not Participating: The United States of America, China
The devoted and experienced Team
Goodbye to Financial Constraints
With Pcore by the side, investors and business owners can say “goodbye” to the lack of trust in the sending and receiving of funds. Enterprises now have a reason to smile to the bank because this project, Pcore applies relevant changes in getting and using funds.
DO CHECK SOME USEFUL LINKS ON PCORE BELOW FOR MORE INSIGHT
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
