How Liquidities Affect Small Businesses

How Hive Works

Hive Team Members

CORE TEAM

Jure Soklic , CO-Founder and CEO

, CO-Founder and CEO Dejan Jovanovic , CO-Founder and CTO

, CO-Founder and CTO Oliver Muldoon , Finance Lead

, Finance Lead Domen Ursic , CMO

, CMO Jure Sobocan , Design Lead

, Design Lead Stanimir Savov , Blockchain Lead

, Blockchain Lead Georgi Georgiev , Blockchain Developer

, Blockchain Developer Nejc Novak, Legal Lead

ADVISORY BOARD

Ugur Yildirim , Finance Advisor / Slovenia

, Finance Advisor / Slovenia Vasja Zupan, Business and Strategy Advisor / Slovenia

ESCROW

Tom Sperry , CO-Founder and the Managing Director of Rogue Venture Partners, a Portland, Oregon based venture capital fund

, CO-Founder and the Managing Director of Rogue Venture Partners, a Portland, Oregon based venture capital fund Jure Soklic, CO-Founder and CEO of Hive

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Even though the number of new startups and small businesses are soaring these past several years, only few can thrive and bring their business to the next level. One of the main reasons why it is hard for small business to grow is due to lack of liquidities to fund their operation.This is definitely a big problem but Hive, a new cryptocurrency company focusing their service on financing option, actually has a solution for this problem. Hiveterminal provides a platform that uses blockchain technology to reduce liquidities faced by small businesses. Before we find out how Hive works, let’s discover first why this platform is important.To understand why Hiveterminal can transform the way small business operates, we need to know how liquidities affect small businesses first. It is not a secret that the lack of liquidities has become a common problem for small enterprises to take their businesses to the next level. To grow their business, small enterprise often needs to take loans from banks and other lenders. Unfortunately, lack of liquidities makes the banks reluctant to lend money to small enterprises because the risks sometimes can be too high.Fortunately, borrowing money is not the only way for small businesses to make money. Nowadays, the most popular ways to improve cash flow for small and medium enterprises are invoice discounting or factoring. The demand for invoice factoring is getting higher and higher and Hive sees an opportunity to help the public in that area.Even though the demand for factoring is on the rise, still, it will not grow to its full potential if there is no good platform that can accommodate the needs of the business and the third party buyers. Hive revolutionizes the way invoice transaction is done by engaging blockchain and cryptocurrency in the verifying process.Everybody knows that blockchain is one of the best when it comes to security since it is decentralized. It will give more confident for both parties to make transaction because every invoice issued will be marked with unique fingerprints and it will be accessible by the public.. Since every transaction is recorded in the digital ledger, scoring and auditing will be very convenient and it is just a matter of time until more businesses engage in invoice factoring.For detailed Team Members descriptions please check out: Hiveterminal Team or Join Slack to communicate with Hive team!