Review on Populous by Fabrizio Zampieri
Populous is a peer-to-peer (P2P) platform that uses blockchain to provide…
Populous is a peer-to-peer (P2P) platform that uses blockchain to provide small and medium-sized enterprises (SMEs) a more efficient way to participate in invoice financing.
Using invoice financing, businesses can sell their outstanding invoices at a discount to quickly free up some cash. The person buying the invoice effectively takes it over and receives the money when the client pays.
Populous uses blockchain technology, XBRL data, and the Altman Z-score formula (more on this later) to expand invoice financing globally and create an overall improved system.
Pokens are the internal currency of the Populous platform. Each Poken is pegged directly to the equivalent amount of fiat currency (e.g. in the U.K., 1 GBP Poken equals 1 GBP). These ERC-20 tokens are what you use to purchase invoices.
Pros
- Simple operation: on Populous, buyers and sellers exchange invoices through auctions using smart contracts. To sell an invoice, you first need to register your company. You then have a hold on your account until you receive approval from the Populous administrator. Once the administrator approves you as a seller, you can submit an invoice and set a minimum sales goal. This also needs administrator approval. Project with great potential. Professional and experienced team.
Cons
- In my opinion project is not complete yet so there is still a lot of work to do. PPT token quoted on few exchanges.
