PayBlok: Supply Chain Financing on the Blockchain by InstaSupply

Today, the problems of late payments are relevant for business and enterprises. Sometimes it happens that the process of buying and selling in B2B-payments can last from several days to several months. Therefore, the question of eliminating this problem is raised, because people are not ready to waste their time waiting for the processing of payments.

Founded in 2014, the InstaSupply platform aims to simplify the relationship between buyers and suppliers and implement a time-tested solution that digitizes and automates any activity related to payments.

It should be noted that the company has already been financed by investors and to date the InstaSupply project team includes experienced specialists in its field who currently support thousands of enterprises and processed more than $ 60 million of transaction value.

In turn, PayBlok is a utility token of the InstaSupply platform, which helps to carry out B2B payments.

HOW IT WORKS

The functional features of the InstaSupply platform include ensuring a smooth and reliable process for customers and suppliers to manage their payments and fees.

The principle of InstaSupply is that the platform collects data from both sides of the transaction and provides an opportunity to place its own orders for the supply of goods, and to compare and track them with the corresponding accounts, which allows buyers to control their expenses on transparent grounds. The invoice received on hand is paid separately, outside InstaSupply, however, the data is transferred to the accounting software, so the client must manually specify InstaSupply when paying.

In addition, the platform has automatic approval, which creates optimal funding opportunities. Thanks to the automation of the whole process, time is shortened and suppliers are paid for their goods in a shorter period.

Eliminating payment problems will bring significant benefits to users, because the buying and selling process will be carried out on a single platform, protected from unfavorable levers of the external environment. When the internal payment platform of the platform is developed, absolutely all payments will pass through InstaSupply, which reduces the possible risks that arise when transferring funds or goods from one platform to another.

THE PAYBLOCK WALLET

Platform users will be offered a PayBlok Wallet service. It will be used to store tokens and perform any financial transactions on the platform. Encouraging tokens will automatically be transferred to the user's wallet. Users will be able to transfer PayBlok to their wallets from external sources using the standard block chain, and they can also send PayBlok back.

It should also be noted that the wallet of the platform will also store the currency of fiat, which can then be transferred to the bank account of the user.

The main task of the developers is to ensure maximum security of the wallet. That's why inside the platform all wallets do not have a physical address and are tied to the block chain.
Therefore, each time a platform user needs to transfer their tokens from the wallet, or receive funds for it, a functional "gateway" is created, which is the real address and is exposed to the public block chain. It is stored using some kind of security module of the managed equipment and in order to reduce the risk of phishing purse, during outgoing transactions the funds will be temporarily moved through the gateway purse. Similarly, any funds transferred to the gateway purse from an external address will be automatically moved to the virtualized wallet of the business in InstaSupply.

ADVISORS

TEAM

ICO DETAILS

Token symbol: PBLK
Standard: ERC-20
Token Price: 1 PBLK = 0.30 USD
Total number of tokens: 250 000 000 PBLK
Accepted payment: ETH
Hard cap: $15,000,000 USD
Soft cap: $5,000,000 USD

ROADMAP

CONCLUSION
InstaSupply project team has developed an already existing platform that assists small and medium-sized businesses, offering profitable solutions for secure payment of their accounts.

WEBSITE https://payblok.instasupply.com/
WHITEPAPER https://assets.ctfassets.net/5vuk877t9hxd/3NAfrZaazmEk6emsaikqiW/87fb62e129789d978720d85d56c49e0e/payblok_whitepaper.pdf
TELEGRAM https://t.me/joinchat/HZSTLA9rcKJJZKXUHlHkfA
TWITTER https://twitter.com/instasupply
FACEBOOK https://www.facebook.com/instasupply
BLOG https://medium.com/instasupply-blog
ANN https://bitcointalk.org/index.php?topic=3740408.msg36983691#msg36983691
Author @yanam1
https://bitcointalk.org/index.php?action=profile;u=1186365