Populous is a blockchain-based invoice finance trading system. Built using the latest blockchain technology, Populous creates an invoice marketplace. It leverages iXBRL, smart contracts, stablecoins, and more to create a unique trading environment for investors, lenders, and small to medium-sized enterprises.

It utilizes XBRL data, along with credit scoring and insolvency formulas such as the Altman Z-Score, enabling in-depth credit risk analysis of potential borrower targets, including their associated companies and clients. The system also provides targeted marketing solutions, employing methods like K-means clustering analysis to identify borrowers in need of invoice or promissory note financing. Smart contracts are executed on the platform, preventing fraud related to multiple financings of invoices or promissory notes and creating cost efficiencies. These solutions have the potential to scale Populous into a global enterprise.

1. Project Highlights

Recently, a platform adopting blockchain technology is Populous, which is specifically designed to meet the needs of invoice and trade finance. It is built on Ethereum blockchain technology.

Not only does it use smart contracts, but Populous can also leverage XBRL data linked to tokens, creating a unique trading environment for investors and invoice sellers. Investors and invoice sellers can utilize Populous’s blockchain technology to trade a wide variety of invoices worldwide.

Data plays a crucial role when making financial decisions.

This is why Populous integrates a blockchain system. Blockchain technology not only allows users to register any financial transaction securely but also ensures that all registered assets and stored user information have sufficient transparency and privacy protection.

With this blockchain technology, all stored data can be seamlessly and anonymously shared when needed.

2. Project Applications

Funding flows within the Populous platform are facilitated through custom tokens called Pokens. Pokens are pegged to the national government currency involved in a transaction. For example, 8 British pounds would correspond to 8 Pokens. All financial transactions between invoice buyers and sellers are executed through Pokens.

Since Pokens are ERC20 compatible, Populous can fully utilize smart contracts on the Ethereum blockchain. Using custom Pokens enables invoice buyers and sellers to avoid fluctuations in the fiat currency market.

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