PayBlok is a token aimed at solving small and medium size business cash-flow by offering an early payment function on top of the existing features within the InstaSupply platform, which already supporting the trade of over 2300 businesses, and is growing daily.
About the company
InstaSupply was founded in late 2014 by Lee Pruitt and Tim Huegdon with the vision to simplify all buyer and supplier business interactions online; born out of their prior experiences. InstaSupply have spent time building and refining a robust workflow that captures, digitizes, and automates all the back-and-forth interactions that proceed payment. Whilst disruption of the problems in business related to ordering, delivering, invoicing, and accounting have been a key focus, managing payments has always been the company end game since inception. Funded through rounds of investor financing since formation, the company has built a team of deeply experienced professionals who develop the platform, onboard and sustain thousands of businesses, and have processed over $60 million in transactional value.
Features
Real-time tracking: Businesses will be able to track all the spending and payment activities across different locations and currencies
Customer-supplier boarding: The platform offers custom onboarding and training for your suppliers.
Mobile interface: The platform is accessible on mobile, which allows people on the go to use it.
Record all transactions: It is easy to control all orders and deliveries across the business due to the use of blockchain technology
Custom approvals: The platform provides custom mapped approvals for all purchases and invoices
Expert customer care: The platform’s customer care representatives are always available to ensure the success of platform on your business.
this token allows the range of products:
Asset-Based Lending
The lending is based on using the PayBlok tokens that will be used as the guarantee. If the loan is not repaid, InstaSupply will take the PayBlok tokens that will be used as collateral.
An Integrated Payment Solution
The complete buying cycle will remain in a single platform, which will see the end of manual activities such as reconciliations and exports. This will ensure the security of the data and will eliminate risks and mistakes associated with transferring data between platforms.
Supply Chain Financing
Supply chain financing will be viable since there will be an appropriate environment that will allow for efficient workflow, automatic invoice approvals, and an integrated payment solution.
Suppliers will be provided with supply chain financing in a simple and bureaucracy-free manner. The supplier will receive funds in less than 24 hours and this process will be transparent due to the use of blockchain technology.
Token ICO Details
The PayBlok token supply will be fixed at 250,000,000 and 60% of these tokens will be issued during the token sale.
https://payblok.instasupply.com/
https://assets.ctfassets.net/5vuk877t9hxd/3NAfrZaazmEk6emsaikqiW/87fb62e129789d978720d85d56c49e0e/payblok_whitepaper.pdf