PayBlok Supply Chain Financing on the Blockchain by InstaSupply . ICO review

all welcome in my blog and now we will start reviewing the project!In an effort to improve how quickly enterprises pay, InstaSupply is a cloud platform that allows businesses to track and control expenses between suppliers. We collect the purchase order; work approval processes; budgetary control; tracking delivery; management of suppliers and products; secure storage of invoices and credit documents and data collection; accounting reconciliation; and control of payments. A significant problem

A small business has $ 20 + in overdue receivables, takes an average of 60 days to get paid, with 50% still being paid late. The options for solving these problems are expensive and limited, but InstaSupply already participates in tracking and reducing such problems. Working solution

The InstaSupply platform already supports the trade of more than 2300 companies and grows daily. By allowing companies to match purchase orders with deliveries and finally invoices, we give them the ability to control which invoices are to be paid, and which require further investigation. Moreover, with our Payment Run product, companies can group approved invoices, apply any outstanding supplier credit and make a list of payments that must be made to providers through their traditional banking services. Creating a business network between buyers and suppliers, the platform collects data from both sides. InstaSupply allows users to create and place purchase orders, track delivery, and match orders to the corresponding invoices; this allows buyers to track, monitor and control their expenses.
After receiving the invoice, the customers on the platform can view the invoice and accept or reject it, respectively. After the account has been accepted, invoices are paid outside the InstaSupply platform. The data is transferred to the customer accounting software, requiring the customer to manually write to InstaSupply when the account was paid.

Small and Mid-sized Businesses (SMB) are heavily affected by the impact of lengthy credit terms upon sale, with traditional financial products failing to cater to them. This leaves SMBs with few options when looking to alleviate cash-flow problems. Having identified this problem, InstaSupply is introducing PayBlok, a token aimed at solving SMB cash-flow problems. The business-to-business (B2B) payments landscape totaled $18.5 trillion for 2016 in the United States alone, and relies heavily on credit (42–48% in most countries, according to Atradius Collection). Typically, SMBs lack the resources to run best practice administrative tasks focused on payment and collection. Further to this, they are in a weaker position to negotiate payment terms with their suppliers. These two factors result in SMBs depending on credit to survive; a dependence that is exacerbated by the fact that half of all sales on credit failed to be paid on their due date, creating demand for even more credit. Despite this, banks have failed to offer any accessible solution for SMBs. With this in mind, InstaSupply are looking to further increase their support for SMBs by offering an early payment function on top of their existing platform — which connects buyers and suppliers matching purchase orders, deliveries, and invoices. This will enable provision of de-risked financial products to SMBs. There are already 2000+ companies using InstaSupply every month, with the volume of transactions exceeding $60 million per year. The new early payment function will enable hosting of over $200m of transactions in the first year of deployment.

In turn, PayBlok is a utility token of the InstaSupply platform, which helps to carry out B2B payments.

PayBlok tokens
PayBlok is a cryptoactive (token), which allows its owners to gain access to exceptional advantages within the InstaSupply platform, and it will be developed in accordance with the Token Standard standard. Ownership of PayBlok markers does not give owners the right to any right in respect of InstaSupply as a company, including, but not limited to: profit, voting or employment.
As an asset, the initial sale of tokens will be subject to sales taxes for each market. Following this, the token belongs to its owner and can be sold without restrictions or the need for consent or participation from InstaSupply.
Creating a PayBlok marker allows InstaSupply to offer a number of products that solve the problems faced by SMB, as described in Section 3 (“SMB Problems”). Theses products consist mainly of:
• Integrated payment solution
• Supply chain financing
• Asset lending
The distribution of tokens will be broken down as follows:
1. 60% of the sale of the token (150,000,000)
2. 15% Blocked for future use (37 500 000)
3. 18% Company, team and advisors (45 000 000)
4. 5% of incentives | Awards (12 500 000)
5. 1% referral program (2,500,000)
6. 1% Bounty Program (2,500,000) Release Schedule

Immediately after the sale of the token, 167,500,000 tokens will be put into circulation (67% of the total volume of the offer). the circulating tokens will remain at the same level for the first 6 months, and then gradually increase each month, while everyone circulates the tokens.
The circulation source will correspond to the total delivery volume 5 years after the release of the token and no more than PayBlok will be issued tokens. This strategy is aimed at a balanced proposal and the requirement of these tokens in the first years
project until it becomes mature.

The periods of blocking and release differ depending on the proportion of the distribution
• Company, team and advisers: 6th blocking + 1 year
• Blocked for future use: 2yr lockup + 3yr release Community Incentives
• Four different programs were created to encourage community participation. This is the Bounty Program,
Referral program and Discount plan. InstaSupply was founded in late 2014 by Lee Pruitt and Tim Huegdon with the vision to simplify all buyer and supplier business interactions online; born out of their prior experiences. InstaSupply have 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 have 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.

Before addressing the pain of payments faced by small businesses, it is important to first understand the business-tobusiness (B2B) payment process and how that differentiates from other payment processes: When a consumer pays a business, one entity is the sender and the other the receiver. In B2B payments, businesses constantly manage both the send and receive sides of the equation.

This back-and-forth cycle is commonly referred to as the purchase-to-pay process for a buyer, and the orderto-cash process for the supplier. This process spans days — sometimes months — before it is completed. The efficiency of these processes has a direct effect on a company’s cash position. In general accounting, the symmetry of this interaction is that one company’s payable is always another company’s receivable.

InstaSupply provides a workflow for buyers and suppliers to manage their payments and collections. With over 2,000 businesses currently using the platform, over $60 million worth of invoices are passed through InstaSupply on an annual basis. By creating a business network between buyers and suppliers, the platform collects data from both sides. InstaSupply empowers users to create and place purchase orders, track deliveries, and match orders to corresponding invoices; this enables buyers to track, manage, and control their spend. Upon receiving an invoice, customers on the platform are able to review the invoice, and accept or reject it accordingly. Once the invoice has been accepted, invoices are paid outside the InstaSupply platform. Because the data is pushed to the customer’s accounting software for record keeping and eventual payments, the customer is required to manually record when an invoice has been paid on the InstaSupply platform.

The additional steps of moving data between systems creates extra workload for finance departments; increasing the likelihood of human error, creating open space for fraud, and also delaying payments to suppliers. This is a great advantage of this project.
PayBlok is a crypto-asset (token) that gives its owners/holders exclusive benefits on the InstaSupply platform. It will be developed under the ERC20 Token Standard.


Token symbol: PBLK
Standard: ERC-20
Token Price: 1 PBLK = 0.30 USD
Total number of tokens: 250 000 000 PBLK
Accepted payment: ETH
Hard cap: $15,000,000 USD
Soft cap: $5,000,000 USD

As an asset, the initial sale of tokens will be subject to sales taxes according to the market where it is sold. Following this, a token belongs to its owner and can be traded without restriction or the need for consent or participation from InstaSupply.

The creation of the PayBlok token enables InstaSupply to offer a range of products solving the problems faced by SMBs as outlined in section 3 (“SMB Problems”).

These products are:
• Integrated Payment Solution
• Supply Chain Financing
• Asset-Based Lending

One important element of our solution is the creation of a community of participants that can contribute and get rewarded for their work — profit sharing. Every group that is part of the community has a key role to the overall success of the network.

The diagram above describes InstaSupply’s end-to-end solution from the Purchase Order to the settlement of a financed invoice.


May, 2018

  • Begin marketing PayBlok and the subsequent new features within the InstaSupply platform.

June, 2018

  • Begin pre-sale of PayBlok tokens to key individuals and early registrants.

July, 2018

  • Open main sale of PayBlok tokens.

Q2, 2018

  • Begin application for regulation and compliance in order to be a fully regulated global business bank and lender.
  • Begin applications for inclusion of PayBlok on third-party token exchanges.
  • Upgrade InstaSupply architecture to support full payments.

H2, 2018

  • Build out of InstaSupply team to develop, support, market, and sell the extended product.
  • On-going development of new features.

Q1, 2019

  • Deliver integrated payment gateway for receipt and delivery of fiat currency between buyers and suppliers.
  • Deliver PayBlok wallets in the InstaSupply platform.
  • Provide full in-platform payment runs.

Q2, 2019

  • Provide transfer-in of PayBlok tokens to InstaSupply wallets.
  • Start providing PayBlok rewards to buyers and suppliers.

Q3, 2019

  • Provide purchase of PayBlok within the InstaSupply platform.
  • Provide Supply Chain Financing and Asset-based Lending

Q4, 2019

  • Provide transfer-out of PayBlok from InstaSupply wallets.
  • Provide cash-out of PayBlok tokens within InstaSupply.

2020 and beyond

  • Further development of the PayBlok token as a reward within InstaSupply.
  • Delivery of more regulated financial services for businesses.


In the future, more and more companies will need cloud platforms that allow enterprises to track and control expenses between suppliers. The project has a good and experienced team. In the future, blockchain technology will develop and have demand. I think they will be able to achieve their goals.

Instasupply aiming to improve how quickly businesses pay and get paid. InstaSupply is a cloud platform which allows business to track and control spend across suppliers. They bring together purchase ordering, confirmation of workflows, budget control, tracking to your shipments,supplier and product management,secure invoice & bill of sale, credit archive and data collection, accounting agreement and payment control.
I would like to tell about The Payment Process. Before addressing the pain of payments faced by small businesses, it is very important to first understand to B2B payment process. In B2B payments businesses manage both send and receive sides of the comparison. This process spans days — sometimes months — before it is completed. In general accounting, the symmetry of this interaction is that one company’s payable is always another company’s receivable.
There is a Late Payment Problem. %30 of Small businesses name late payment processing times as a major issue. Because it’s take TIME!!! And around %47-%50 of businesses are paid late. Payment delays result form intentional delay by customers etc.
In America %51, in Asia Pacific %46, in Europe %42, small businesses have late payments. Are you own a business? Are you get paid late? InstaSupply is going to help to you.
Small businesses have 20 trillion dollars plus in outrageous receivables, take an average of 60 days to get paid, with %50 still paid late. Options far solving this challenges are expensive. Let’s think about that. It’s too much. Because of getting paid late, over %50 businesses have receivables. Let’s see how they’re gonna fix this.
InstaSupply is already involved in tracking and reducing this kind of issue. The InstaSupply platform is already supporting the trade of over 2300 businesses, and is growing daily.
By allowing these businesses to match purchase orders to deliveries, and finally to bills, they provide them with an convenience to control which bills(invoice) should be paid and which require further investigation.
With their Payment Run product, businesses can group together the approved invoice,confirm any outstanding supplier credit and achieve a list of payments to be made to suppliers through their traditional banking services.
Cut the cackle, with over 2000 businesses using the platform and over 50 million dollars of invoices passed through InstaSupply on an annual basis. By creating a business network between buyers and suppliers, the platform collects data from both sides.
When invoice is approved InstaSupply receives cash. Automated approval is a vital part of this project.


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