Review on Populous by Mr Benji

Name: Populous
Item: Populous
Rating: 4

June 26, 2019

Populous

- operating in the Ethereum network, allowing factoring to be registered in the blockchain network. The project aims to solve the problem of the lack of financial liquidity of companies, caused by unpaid invoice receivables. 

- Based on a smart contract operating in the Ethereum network. It allows you to put up for sale your unpaid debts in the form of invoices, as well as to bid on them. Both parties to the transaction must first register and pass the verification procedure KYC. PPT user tokens are used to exchange XAU Poken tokens, the value of which is related to the British pound, as well as to cover the commission for completing the transaction. 

- Tokens inside the Populous PXP platform are used to cover fees for access to financial information about the contractor. They were handed over to PPT owners in January 2018 as part of airdrop. Financial data on the platform is passed in the popular XBRL standard.

- To assess the risk of claims, the factorer Populous uses the well-known Altman index Z-Score. It is used to predict the probability of bankruptcy of a given company in the next 24 months, as well as to assess potential financial difficulties and solvency. Claims with a higher Z-Score score are purchased for a higher percentage amount. The commission for completing the Populous transaction is paid by the seller.

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Pros

Populous uses an extensible financial validity language to verify the reliability of invoices and risk assessments. In the platform itself, there is no transaction using fiat currencies - to provide a medium of exchange without currency risk, an internal XAU Poken token has been introduced, the value of which is closely related to the British pound.
Z-Score

Cons