PayBlok: Supply Chain Financing on the Decentralized Blockchain

The Blockchain is a rapidly growing technology that is engulfing every possible business domain. Therefore, many reports published have predicted a huge rise in the Blockchain market. According to reports, the Blockchain market is expected to extend to over 20 billion dollars by 2024. It is counted in one of the most promising new technologies that are hoped to change the future of businesses and the internet.
Basically the rise of cryptocurrency and subsequent attention brought to blockchain technology has prompted nearly every industry to evaluate the benefits of integrating the technology into their operations. One such firm at the forefront of blockchain innovation is PayBlok.

You may be contemplating on the crypto coin that will be best for your investment. You might have even found yourself investing in one of these Cryptos but you did not gain your profit as you expected because, some developers, after hitting their target and making a huge sum of money, dropped the project, and left investors in the middle of no where. All hopes are not gone. Lets start a new page in you new or next journey to investment for profitable earnings. I will be introducing you to PayBlok, a token built with aimed to solve small and medium size business cash-flow

Introducing PayBlok
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. The InstaSupply platform Aims to improve how quickly businesses pay and get paid, InstaSupply is a cloud platform which allows businesses to track and control spend across suppliers. We bring together purchase ordering; approval workflows; budget control; delivery tracking; supplier and product management; secure invoice and credit document storage and data collection; accounting reconciliation; and payment control.

The Problem

The main problem which is being facing by SMB is payment process. SMB businesses facing late payment processing as of delays result from either an intentional delay by customers, processing method or both. This problem started during the financial crisis where SMBs are less likely to be able to get bank loans than large firms. Some of them do not have access to any formal credit at all. Other problem is SMBs credit gap on both the sides of B2B transaction – on demand side, many SMBs cannot get access to credit because bankers cannot get critical information they require to assess creditworthiness. On supply side, banks consider SMBs as high-risk and not suitable to serve at interest rates which is charged by them.

The Solution

The solution where InstaSupply is come up on providing a workflow for buyers and suppliers to manage their payments and collections. They create a business network between buyers and suppliers where they collect data from both sides. They allow their users to create and place purchase orders, track deliveries, match orders to their invoices. Through this, buyers can track, manage and control their spend.

For all the above problems, InstaSupply introduces a PayBlok utility token which gives its holders exclusive benefits on their platform. This PayBlok token enables InstaSupply to offer a range of services which solve the problems of SMBs and the services are Integrated Payment Solution, Supply Chain Financing and Asset-based lending.

Features of PayBlok

The PayBlok makes use of blockchain technology and the smart contract option to make the payment to the suppliers fast and easy. PayBlok offers the financial solution to the supply chain through this decentralized platform.

The PayBlok tokens will be used as a tool to make good use of the payment feature that is inbuilt in the InstaSupply platform.

The buyers and the suppliers will get rewarded with tokens once the payment is processed through PayBlok. These tokens can be used to get exclusive discounts and other low payment options when using the InstaSupply platform. The tokens can be used to make actual payments and this reduces the risk of cash transactions.

The approval of the invoices has used the automation process and therefore there will be less delay in clearing the payments than doing it manually.

About InstaSupply

InstaSupply is a cloud stage that enables organizations to track and control spend crosswise over providers. The stage gives buy requesting, spending control, endorsement work processes, conveyance following, secure receipt and credit report stockpiling and information gathering, provider and item administration, instalment control, and bookkeeping compromise administrations.

At present, InstaSupply is now associated with following and diminishing exceptional receivables for in excess of 2300 independent ventures. The stage was produced in 2015 and the group at InstaSupply handles exchanges esteemed at more than $60,000,000 every year. The stage enables organizations to coordinate buy requests to conveyances and solicitations. This gives a chance to the organizations to control which solicitations ought to be paid and furthermore to sort the ones that require assist examination.

The InstaSupply additionally has the Payment Run item that enables organizations to bunch together the affirmed solicitations, apply for any exceptional provider acknowledge, and come up for a rundown of instalments to be made to providers through their customary saving money administrations.

InstaSupply B2B Invoicing Platform Features

Mobile interface

The platform is accessible on mobile, which allows people on the go to use it.

Customer-supplier boarding

The platform offers custom onboarding and training for your suppliers.

Record all transactions

It is easy to control all orders and deliveries across the business due to the use of blockchain technology

Real-time tracking

Businesses will be able to track all the spending and payment activities across different locations and currencies.

Expert customer care

The platform’s customer care representatives are always available to ensure the success of platform on your business.

Custom approvals

The platform provides custom mapped approvals for all purchases and invoices.

The Payment Process

These late payments are really big issues for small and medium-sized businesses because companies sometimes take loans to help with the running of their businesses from financial institutions like banks and banks are generally more confident with granting loans to big businesses unlike small and medium-sized businesses; it is because of this reason that big businesses can still stand their ground when they receive late payments for goods and services unlike small and medium-sized businesses that rely solely on internally generated revenue.

The Payblok Tokens

Payblok.instasupply is a crypto-asset (token) that allows its owners/holders the access to exclusive benefits inside the InstaSupply platform and it will be developed under the ERC20 Token Standard.

As an asset, the initial sale of tokens will be subject to sales taxes according to each market. Following this, a token belongs to its owner and can be traded without restriction or the need for consent or participation from InstaSupply. The creation of the PayBlok token enables InstaSupply to offer a range of products solving the problems faced by small businesses. These products are:

• Integrated Payment Solution

• Supply Chain Financing

• Asset-Based Lending

Token Sale Details

• Whitelist- YES

• Pre Sale- 15 May 2018 – 15 Jul 2018 (0.24 USD = 1.0 PBLK)

• Public Sale- 27 Aug 2018 – 23 Sep 2018 (0.3 USD = 1.0 PBLK)

• Ticker- PBLK

• Platform- Ethereum

• Country- United Kingdom

• Soft Cap- 25,000,000 USD

• Hard Cap- 45,000,000 USD