PayBlok: Incentivized Crypto asset for Business to Business Payments

Problem:

Business to business payment processing is one of the major problem in the small medium sized business, even developed countries also facing the same issue, according to Atradius report (which is one of the global B2B Debt Collection expert) 2017 in the America 48% of all B2B invoices were not paid when they were due. Credit gap leads to cash crunch in the business and small medium businesses will not get loans from banks easily, to maintain the operations they will lend money from friends and family, it becomes difficult to repay the debts. All this is due to credit gap.

Solution:
InstaSupply providing the payment solution for buyers and suppliers by creating a network between buyers and sellers, it collects data from both the parties and provides access to the customers to review the invoice and accept or reject it accordingly.

It offers three products to solve the problems in the payments of SMB they are Integrated Payment Solution, Supply Chain Financing, Asset-Based Lending.

Integrated payment solution:
This will provide complete security for the both buyers and suppliers by eliminating the risk, it also provides accounts payable departments it updates all the transaction details in the accounting book.

Supply chain financing:
It enables seller to receive funds within a day, it follows a simple process of pools which is according to due dates, buyer need to choose the pool they want to buy the invoices from, also they can enable extra filters like country, currency, minimum value etc. depending on the selected options sellers and buyers can make their transactions in this platform. Blockchain ensures transparency in the funds from buyers to sellers.

Asset-Based Lending:
It is like collateral based lending, it keeps PayBlok tokens as security, in case of loan is not paid these tokens will be taken by InstaSupply, it allows the business to take 60% of value worth of PayBlok tokens in custody.

Token details:

Symbol: PBLK
Pre-sale price 1 PBLK= $0.1
Total supply: 250,000,000
Softcap: $5,000,000
Hardcap: $15,000,000
Main sale: 27th Aug to 23rd Sep 2018

Team:

Lee Pruitt (Co-founder/CEO)
12 years commercial experience selling B2B ecommerce and eprocurement solutions. Lee led global B2B eprocurement solutions for Grainger (the world’s largest B2B e-retailer) and started Tizaro, the largest online European ecommerce B2B distribution.

Tim Huegdon (Co-founder/CIO/CTO)
17 years development experience leading teams across top tech firms such as Yahoo, Amazon, and Betfair. Tim has experience in a huge number of languages, frameworks, technologies, and methodologies.

Riaz Shah -Director/Chairman
25 years as partner at accounting firm EY overseen London audit and global talent. In 2016 Riaz began serving in a part-time capacity at EY, dedicating the balance of his time serving as chairman at InstaSupply among many other directorships

Verdict

Pros:
• Website and whitepaper has clear explanation about the project
• Roadmap is clear about the project, they have mentioned goal till 2020
• Executive team and advisory team members has decent experience in their respective fields such as software development, B2B selling, legal, finance etc.

Cons:
• Social media hype is very poor, its telegram community has 500+ members as of now
• Advisory team and core team members are beginners in the blockchain technology and cryptocurrency
• No partnership is mentioned in the website

Links:
Website: https://payblok.instasupply.com/
Whitepaper: https://assets.ctfassets.net/5vuk877t9hxd/5WnTZdghpeAe8acWoQUkgs/81b04deb901d6b4391fb4fe7c0e87816/whitepaper-v1.1.5-020718.pdf
Telegram: https://t.me/payblok
Facebook: https://www.facebook.com/instasupply
Twitter: https://twitter.com/instasupply
Reddit: https://www.reddit.com/r/ico/comments/8jccem/payblok_is_a_cryptoasset_that_incentivizes_b2b/

Bitcoin talk Username –anushkamehta0902
Bitcoin talk URL: https://bitcointalk.org/index.php?action=profile;u=2039767
ETH Address – 0xd1c62C22C078A0C6B1E42F7200F0b082EE81a64a
Bounty0x username: anushkamehta