Factoring is one of the most lucrative business endeavors that exist, but with expensive barriers to entry entrepreneurs and work from home face many obstacles until now with Populous on the blockchain.
WHAT IS POPULOUS
Populous is an invoice and trade finance platform built on the Ethereum blockchain. Populous uses XBRL data, Z Score formula, Smart Contracts, Stable pegged tokens and more to create a unique global trading environment for investors and sellers to trade invoices from all around the world. We at Populous believe we are creating the next generation invoice finance marketplace. Please read our whitepaper for a more technical overview of the platform.
Populous is built on the Ethereum Virtual Machine, this has given us the opportunity to create a platform that allows everyone to participate in an alternative finance marketplace which is currently available only to banks, financial institutions, wealthy individuals, family offices and governments. So by allowing investors to use cryptocurrency on our platform, investors from any part of the world, can invest in an invoice sold buy an invoice seller from any part of the world. For example a investor from China or Japan can invest in invoices sold buy UK businesses and vice versa. In order to create a stable trading environment, we use pegged tokens which are Ethereum ERC 20 token standard. While banks and other financial institutions join force together to create financial platforms on the blockchain, Populous is unique in its approach to finance on the blockchain, in a sense that we are not held to abide by the same regulatory rules which prevents banks and other financial institutions from using cryptocurrencies in a blockchain environment.
The flow of funds within the platform is realized by the usage of custom stable currency tokens (Pokens) pegged 1 to 1 with worldwide government’s currencies. Pokens are backed by the funds of investors who deposit funds on the platform to finance invoices. Once invoices are financed by investors, pokens are sent to invoice sellers also known as the borrowers. Pokens can either be exchanged for fiat currency or transferred to an external Ethereum wallet.
Pokens inside the blockchain platform are managed by an internal ledger with the balances of each borrower’s and investor’s accounts for each currency.
Pokens outside the blockchain are provided with a publicly accessible smart contract for each token, implementing the Ethereum ERC 20 token standard (external token contract).
Opportunity To Get Big Data & Knowledge Base Level Playing Field:
Caution: The video below is poor quality, has a lot of techno-babble with acronyms and programming language.
Such as Populous, invoices, factoring, XBRL, JSON, smart-contracts, cluster analysis, etc. and the state of business in this worldwide ponzi economy.
Title: Clif interviews Steve Nico Williams! Raw interview!
Video Posted 28 Jul 2017 by clif high
CEO & Founder of Populous, Steve Nico, discovered the programming language to extract financial elements.
- Over 2 million corporations
- Approximately 1,500 financial elements
- Invoice Factoring
- FINTECH and blockchain tech
- PPT is the Populous Platform token ‘PPT’.
- Whitepaper for Populous PDF file here
My @ronmamita effort is to research and comprehend what is revealed about the script for civilization through these new technologies and revealing secrets or what was once very expensive data.
If you have information and source documents to assist in this effort then please share in the comments below.
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