Overview:

InstaSupply is a company which was established in 2015 with an aim to solve the problems of small and mid-sized businesses (SMB) by providing them a platform which will manage their payments by connecting them with the suppliers. This platform enables businesses to match their purchase orders to deliveries and invoices. PayBlock is a cryptocurrency token that will be used in this platform by the users to get the benefits of all the features.

Challenges Faced by SMB:

B2B payments takes a long time to process and business do not get their payments on time due to long processes. Apart from payment problems the SMB are not able to take loans after 2008, financial crisis. Hence, they do not get formal credits. This hinders the growth and productivity of SMBs.

Solution: InstaSupply

InstaSupply is providing a platform to buyers and sellers to track and manage their money flow. It also allows users to create and place purchase orders, track deliveries, and match orders to corresponding invoices. When the customers receive the invoice, he has the choice to accept or reject it. When the invoice is accepted the payment is done outside the InstaSupply platform. The payments are done outside this platform as the data is sent to the customer’s accounting software where the data is recorded, and payment is done. PayBlok tokens will be used in this platform. This token will solve the above addressed problems by providing following solutions:

• Integrated Payment Solution

This platform gives security to both buyers and sellers by carrying out the entire procurement process on single platform thus preventing risks which happens when the process is carried out manually. InstaSupply will also consist of accounts payable department which will be used to settle an unlimited number of invoices, send remittances and update their accounting books in a single transaction.

• Supply Chain Financing

Supply chain financing will help the sellers to get their payments early and they can also easily track their payments on blockchain technology which provides transparency in the system. Sellers will have a limited credit in supply chain financing. Limited credit here means the maximum number of invoices the seller can get paid early. Sellers can increase their credit limit by increasing the PayBlock tokens in their wallet.

• Asset-Based Lending

Asset-based lending will be done on this platform with the help of PayBlok tokens. In case if the loan is not paid back then the tokens will be taken back by the InstaSupply platform. This allows the business to take 60% of value worth of PayBlok tokens in custody.

Team:

Lee Pruitt (co-founder/CEO) - 12 years commercial experience selling B2B ecommerce and eprocurement solutions. Lee led global B2B eprocurement solutions for Grainger (the world’s largest B2B e-retailer) and started Tizaro, the largest online European ecommerce B2B distribution.

Tim Huegdon (co-founder/CIO/CTO) - 17 years development experience leading teams across top tech firms such as Yahoo, Amazon, and Betfair. Tim has experience in a huge number of languages, frameworks, technologies, and methodologies.

Riaz Shah (Director/Chairman) - 25 years as partner at accounting firm EY overseen London audit and global talent. In 2016 Riaz began serving in a part-time capacity at EY, dedicating the balance of his time serving as chairman at InstaSupply among many other directorships.

Token Matrix:

Token – PBLK

Total Supply – 250,000,000

Soft Cap – $5M USD

Hard Cap – $15M USD

Verdict:

Pros:

• The team behind this project has experience in software development, B2B ecommerce, database management, digital marketing, computer science etc.

• There are four advisors for this project who have different backgrounds such as tax, legal matters, investment etc.

• The whitepaper of this project is easy to understand and explained in detail.

Cons:

• The social media reach of this project is low. It has around 500 members on telegram and around 1900 followers on Twitter.

• The MVP of this project is not currently available.

• The Team members and advisors do not have blockchain background or experience.

• The admins of the Telegram group of this project are not active 24/7 and do not reply on time.

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

Whitepaper: https://assets.ctfassets.net/5vuk877t9hxd/5WnTZdghpeAe8acWoQUkgs/81b04deb901d6b4391fb4fe7c0e87816/whitepaper-v1.1.5-020718.pdf

Telegram: https://t.me/payblok

Twitter: https://twitter.com/instasupply

ANN Thread: https://bitcointalk.org/index.php?topic=3740408.msg36983691#msg36983691

Bitcointalk Username: rshetty3344

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1907004

ETH address: 0x137F3CC2750C9b9bF639Cd4Bf8CB63c56823aC3c

Bounty0x username: rashmishetty