An Internet platform called Populous appeared on the cryptocurrency sky to deal with issues related to regular payments of various enterprises that are forced to overpay to intermediaries providing financial services. Populous is a peer-to-peer P2P network that works on Blockchain technology, while implementing an effective money transfer model.
As you know, when paying an invoice, there may be a delay, which in the future can lead to a delay and the emergence of debt. In such cases, you can use the analysis of XBRL credit risks and the Z-score Altman formula, introduced by experts from Populous in the same network.
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On the Populous platform is constructed peculiar stock exchange on exchange by the accounts with use of "smart" contracts. To realize the account you need to become a network user and register a company. Only after checking your account with the administrator of Populous, you can start working on the platform. Also, the network analyzes the data of financial activity on the basis of what determines the appropriate position for your company in the credit rating.
After the invoice is issued, an auction starts, which can last for one day and end if the seller meets at least one of the offers. Transaction on a smart -contract is paid using the Pokens branded tokens. The next step is usually to replace the digital currency with fiat money, but this is not necessary.
At the same time, if you are a buyer of accounts, you must also pass the procedure of registration and approval by the network administrator. The use of cryptographic means of protecting personal data makes all participants of auctions absolutely anonymous.
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The platform uses two types of tokens, one of which serves as a bargaining chip, and the second is necessary to attract investment. If we talk about the Poken cryptocurrency, then it is the equivalent of fiat money and is added as a prefix to the name, for example 1 GBP Poken is equivalent to 1 GBP (British pound). Unlike Poken, the PPT investment coin will be issued in the amount of 53 million units.
Editor: Yuliya Soroka