Populous is a blockchain project that works as a peer-to-peer platform for invoice financing. This project is specifically directed towards helping small and medium-sized enterprises get a continuous flow of funds and not suffer because of fees and missed opportunities. When you have a system like Populous, you can sell your invoices and get cash in return, helping you run your business with lesser problems. It’s a peer-to-peer system where seller and buyers are brought together. With the use of XBRL data, Altman Z-score formula, and the final decision by the Populous administrator, buyers and sellers can interact with each other for better trading through smart contracts.
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