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.
What Is InstaSupply?
InstaSupply is a cloud platform that allows businesses to track and control spend across suppliers. The platform provides purchase ordering, budget control, approval workflows, delivery tracking, secure invoice and credit document storage and data collection, supplier and product management, payment control, and accounting reconciliation services.
Currently, InstaSupply is already involved in tracking and reducing outstanding receivables for more than 2300 small businesses. The platform was developed in 2015 and the team at InstaSupply handles transactions valued at more than $60,000,000 annually. The platform allows businesses to match purchase orders to deliveries and invoices. This provides an opportunity for the businesses to control which invoices should be paid and also to sort the ones that require further investigation.
The InstaSupply also has the Payment Run product that allows businesses to group together the approved invoices, apply for any outstanding supplier credit, and come up with a list of payments to be made to suppliers through their traditional banking services.
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.
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. Ownership of Payblok tokens does not entitle owners to any right in regards to Instasupply as a company, including but not limited to: profits, vote, or employment. 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.
Creation of the PayBlok token enables InstaSupply to offer a range of products that solve the problems.
faced by SMBs as outlined in section 3 (“SMB Problems”). Theses products consists mainly of:
• an Integrated Payment Solution
• Supply Chain Financing
• Asset-Based Lending
The Distribution
The distribution of tokens will break down as follows:
1. 60% Token Sale (150,000,000)
2. 15% Blocked for future use (37,500,000)
3. 18% Company, Team and Advisors (45,000,000)
4. 5% Incentives | Rewards (12,500,000)
5. 1% Referral Program (2,500,000)
6. 1% Bounty Program (2,500,000)
Supply Chain Financing
With the appropriate environment in place, an efficient workflow, automatic invoice approvals, and an integrated payment solution, the offer of Supply Chain Financing becomes viable. Similar financial products have historically ignored the kind of businesses that need it most: SMBs. The process of providing supply chain financing is simple and bureaucracy-free. With the supplier able to receive funds, net of fees, in less than 24 hours, benefiting from the transparency that Blockchain offers.
The Amazing Team
Tim Huegdon - Co-founder
Lee Pruitt - Co-founder and CEO
Neil Crosby - Head of Technology
Michael Davies - Chief Technical Architect
Jonny Ford - DevOps Engineer
Peter Featherstone - Software Engineer
Lee Jordan - Head of User Experience
For more information, please visit the link below:
Website : https://payblok.instasupply.com/
Facebook : https://www.facebook.com/instasupply
Twitter : https://twitter.com/instasupply