PayBlok (PBLK) ICO Review

About PayBlok
Payblok is a crypto-asset (token) that allows its owners/holders the access to exclusive benefits inside the InstaSupply platform. Creation of the PayBlok token enables InstaSupply to offer a range of products that solve the problems faced by SMBs. These products consist mainly of an Integrated Payment Solution, Supply Chain Financing, Asset-Based Lending.
InstaSupply has spent time building and refining a robust workflow that captures, digitizes, and automates all the back-and-forth interactions that proceed payment. Whilst disruption of the problems in business related to ordering, delivering, invoicing, and accounting has been a key focus, managing payments has always been the company end game since inception. Funded through rounds of investor financing since formation, the company has built a team of deeply experienced professionals who develop the platform, onboard and sustain thousands of businesses and have processed over $60 million in transactional value.

The Integrated Payment Solution

The development of payment facilities will benefit both buyers and suppliers, with the complete buying cycle remaining on a single platform; safe from external manual activities such as exports and reconciliations. Developing the payment portal within the platform will ensure that the complete procurement cycle will go through InstaSupply, creating security while also eliminating any risks associated with transferring data between platforms. We will utilise user-managed “Automation Policies” on our platform so that one of two actions can occur upon the approval of an invoice; if there is a PO and delivery already on the system that matches with the invoice in question, the invoice is considered approved, alternatively, if there is no PO or if there is PO but it does not match with the invoice, then the approval will need to be manually implemented. After this has taken place, the contract would activate a workflow, which will release funds to the supplier who has opted-in to Supply Chain Financing. This is a low-risk solution that enables InstaSupply to offer very competitive rates compared to traditional financial products, as InstaSupply has data on all parties involved in the transaction, enabling InstaSupply to measure risk far more comprehensively.

Aspects PayBlok Ico

Supply Chain Financing:
Due to the blockchains nature of being decentralized, profusing transparency, suppliers can benefit by ‘receiving early payment’, or ‘within 24 hours’, ‘without it affecting payment terms for buyers.’ Buyers can also benefit as PayBlok can ‘provide longer payment times for buyers without suppliers having to wait for their payment.’ This is down to the integrated payment solution and automatic invoice approvals of Payblok and InstaSupplys platform. SMBs can now plan their future and execute this plan in a more effective manner as cash flows are more likely to be certain. This reduces time wasted to have to adopt to another plan and may increase the SMBs credibility overall as borrowed money is paid promptly. Therefore, reducing costs for the SMBs as interests will be less due to an improved credit score and a reduction in time to repay the loan.

Asset-Based Lending:
PayBlok can provide InstaSupplys platform with a form of collateral if businesses fail to repay their loans. The borrowing business must have ‘60% of the required loan value in custody as PayBlok tokens to provide guarantee collateral.’ With interests having the possibility of only being 1% value per annum due to collateral requirements, businesses can use PayBlok and the InstaSupply as a bank alternative that could be significantly cheaper and willing to lend. SMBs can use the borrowed money to, therefore, improve the overall functionality and efficiency of the company in order for it to thrive.

Token Information

PRE SALE: 15 MAY 2018 - 15 JUL 2018 (0.1 USD = 1.0 PBLK)
PUBLIC SALE: 27 AUG 2018 - 23 SEP 2018 (0.1 USD = 1.0 PBLK)
TICKER: PBLK
PLATFORM: ETHEREUM
ACCEPTING: BTC, ETH, LTC
SOFT CAP: 5,000,000 USD
HARD CAP: 15,000,000 USD
TOTAL TOKENS: 250,000,000
AVAILABLE FOR SALE: 60%

The PayBlok Network Incentives

InstaSupply understands that every business already has its own process in place and all changes imply a (direct or indirect) cost. As such, we have developed a rewards system for businesses that engage with Payblok, with users receiving rewards for fully adopting the platform and successfully referring other businesses. This incentive structure shall cover any cost related to the change management in the short term and can become a proper revenue stream in the long term for companies that engage with the network.
Roadmap

Website: https://payblok.instasupply.com/index.html

Whitepaper: https://assets.ctfassets.net/5vuk877t9hxd/3NAfrZaazmEk6emsaikqiW/87fb62e129789d978720d85d56c49e0e/payblok_whitepaper.pdf

Team and Advisor

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Reddit: https://www.reddit.com/r/ico/comments/8jccem/payblok_is_a_cryptoasset_that_incentivizes_b2b/

My contact Information
Bounty0x User name : @mehedi220
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ETH Add:- 0x6b8C292908F81aFDC12aca91BEFFB13D87f4838e