PCORE – Verify The Documents Submitted In The Platform
PCORE – Business connects the world and creates a special kind of connection. People, companies and even countries have a strong business relationship and we could not even imagine a world without effort. Until know, the business has a complex structural work and have a lot of difficulty levels. Basically, this resistance is due to the uncontrolled growth of business and have an older model of the structure of the work.
Small and Medium-scale Enterprises (SMEs) which leads to the perfect input to global economic growth. Ironically, this idea might not see the light of day, given limited access to capital. Despite measures aimed at funding the project, there are still problems disrupt the financing of invoices.
Pcore, blockchain supported project, is taking a leap in this financial malaise. With the decentralized structure, the platform aims to recreate the invoice factoring. Let us consider the proportion and the positive impact that will occur on the target audience.
The discovery of this incident pcore
It is a known fact that the project blockchain here to decentralize and bring a revolution to the traditional way of doing transactions. Pcore has focused on invoice factoring. This has to do with breaking the concept for maximum understanding of project inputs to it.
As stated earlier, small businesses/startups often find it difficult to access capital. Given the high interest rates and tighter lending conditions by the financial institution, the latter is to delegate a company/business invoice (s) to access funds.
Invoice factoring is a financial model in which businesses sell invoices (also called “receivables”) to a third party (also called a “factor”). In this case, the business of selling invoices at a discount. The amount received by the end of the transaction is used to keep operations afloat while waiting for the date set to pay back funds received. This process is a viable way that allows the company to raise funds for immediate cash needs.
Weaknesses / Problems exist
As pcore identified, the main problem in this financial model starts from the point of invoice factoring. First, the business (mostly SMEs) find it difficult to find a factoring company to reach an agreement. Even when there are many “factors” waiting to proceed with the transaction, the business cannot be removed with the deal terms.
On the other hand, there is a tendency to distrust, since most of these transactions fiat. Next, reach out to each party can take some time because of the barriers of distance. Unfortunately, the processing time may take longer than expected, given the paper-work that underlines the transaction.
These Pcore Solutions
Given the survival of the sector and taking note of liquidity that each party tends to benefit, pcore blockchain taking advantage of technology to reinvent the implementation of invoice factoring in a way that will support both sides.
In an effort to restructure and further enhance the trust between the parties to a transaction, utilizing distributed technology pcore ledger (blockchain) for this perfect. In addition, the network brings all the parties together in a single ecosystem. Therefore, there are likely changes are limited when trading across borders. Below is the structure of the transaction on the platform.
For the sake of transparency, a separate platform institutionalized platform where businesses can map their invoices to other members of the ecosystem to have an insight into it. From another perspective, this structure eliminates the doubt because only the real-time data can be made to the platform. Thus, the business can not falsify credit score or financial standing just to get help. On the part of the lender, the emancipation from the shackles of lies that prevent fiat aspects of this transaction.
Role of XBRL
It is worth mentioning that pcore opt for eXtensible Business Reporting Language (XBRL). The financial reporting model that is in use in many companies around the world, allowing participants to access the stand when reporting documents. In addition, breeds trust and make room for the automatic registration and sorting documents in the pcore ecosystem. As such, it is a decent media to access and validate the data provided in the platform.
Altman Z-Score for Assessment of Liquidity
The provision stipulates that the invoice factoring vicinity unused invoices that can be traded to raise funds. Although there may be fewer opportunities to change processes in the ecosystem pcore, platforms take a higher verification parameter to the application of the Altman Z-Score rating.
The score is a way of accessing the risk factors in a company and the underlying invoices. Intends lender can take advantage of this to inspect the business liquidity. The lender can withdraw from the transaction in the event of bankruptcy anticipated. If the “coast is clear, the transaction can proceed because lenders have confidence that the business can meet the repayments on the stipulated date.
Pcore takes the proposition that the higher the Hive integration ecosystem. This makes the use of protocols Personally Identifiable Information (PII) to verify the documents submitted in the platform. This means that it accesses the legitimacy of these documents by accessing and dealing together with the information provided by the user. The figure below highlights the function of Hive Ecosystem.
- Token Name: pcore
- Category Project: PLATFORM FACTOR FACTORS
- Type Project: TOKEN
- Platform Project: ERC-20
- Limited Country: CHINA, US
- Basic price Token: 1PCC = 0.39USD – 1PCC
- Retrieved: ETHEREUM
- Total Offer Tokens: 52 million
- Token reserve: 20,000,000
- Tokens sold: 20,000,000 token
- Prize: 500,000 tokens are reserved for team: 11,500,000
- Soft Cap: 1,000,000 USD
- Hard Cap: 5,000,000 USD
- March – April 2019
Pre ICO bounty.
Within our marketing campaign, we have considered the effectiveness and influence of social media content creators.
We Have decided to pay selected social media influencers within the crypto community based on their content engagement and promotion of Pcore (PCC).
Working with security auditors to finalize ICO contract.
- May – June 2019
20 million (PCC) will be on offer for investors.
ICO sale coins released.
PCC sold in pre-sale and ICO will be released to investors. Further information and updates will be announced through Twitter.
- July – September 2019
New office site.
Reaching the end development of the invoice trading platform with the hired software developers to perfect the functionality and use for business and investors.
- October 2019
Launch invoice trading platform.
- December 2019 – January 2020
Start of building invoice software for China.
- March 2020
Pcore software launch date.
- April – May 2020
Start market research for penetration of Pcore into China. Integrating and testing Pcore software into Chinese invoicing market.
- June 2020
Marketing campaign starts for Pcore platform in China.
- July 2020
Explore new markets.
Explore new software development for invoicing.
MEET THE AMAZING TEAM
- Sezgin Aydin: Founder / CEO / Director
- Akin Aydin: Co-founder / Marketing Manager
- Vang YangPao: Co-founder / Development Manager
It is good to see such a real use case project is developing technology blockchain. It is true that will surely accelerate adoption blockchain and cryptocurrency in the mainstream sector. Pcore will change the way businesses work together. It provides advanced tools and enhanced for business parties to work together efficiently. Invoices provided by pcore will have complete information, support legal and regulatory guidelines any information given in the invoice is authentic and genuine. This increases the trust between the parties and accelerates business growth.
To know the latest information about the PCORE project you can visit the link below:
ANN Thread: https://bitcointalk.org/index.php?topic=5121997
Telegram: https://web.telegram.org/#/[email protected]
Bitcointalk username: ubay
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=376156
Telegram username: @ubaygates
Disclaimer: “I’m not a representative or a member of the PCORE team, I just give you the latest ICO info”