Innovative Invoice Discounting for the Blockchain

About Pcore

Pcore a P2P (peer to peer) invoice discounting platform integrated in the blockchain technology, with the aim to combine transparency, trust, speed and security of the blockchain with registered smart contracts and directly bring together invoice sellers and lenders.

At Pcore LTD we aim to combine todays technology into a niche but growing market. As more businesses are turning to other alternatives of funding other than banks, we want to bring them a platform which they can trade their invoices for faster means of obtaining their due amount. In return helping them expand, grow and keep up with business costs.


We base our business on real life problems in various industries. Thus, Pcore aims to solve the obstacles and problems faced by modern companies when dealing with liquidity and financial uncertainty. Apart from that the main problems that disrupt a number of markets for some at regular bases are financial & factoring constraints, invoice verification, and non-transparent / outdated financial reports.

1. Financial Limits & Factoring

SMEs have limited access to short-term financing (working capital). Banks demand significant guarantees and large amounts of documentation when approving financing projects, especially after the last recession in 2009. This represents a large funding gap for small and medium-sized companies worldwide, driving the growth of the global factoring industry by 10% each year. Current estimates indicate that the factoring invoice market has a value of US $ 3 trillion in 2018, making it a large enough market to be investigated.

Since the beginning of the financial crisis in 2009, factoring in the United States and around the world has grown between rates of 11% and 24% per year, adding more than one trillion euros in annual factoring volumes in less than a decade. This industry practically doubled its size, even though the modern era of factoring began only a century ago.

SMEs are clearly in a disadvantage when dealing with the capital market in terms of credit rationing and financial inequality, due to lack of financial strength. The gap in financing has driven the need for alternative financing sources, such as factoring.

2. Invoice Verification

There are several steps needed when verifying the authenticity of the invoice sent. This includes confirmation that the invoice service was actually sent as claimed, operating inspection that has a direct relationship with the invoice service, and an investigation of the materials used to meet the specified requirements where the invoice is built.

With the implementation of an ERP system, Pcore intends to automate all processes involved in the analysis of validity, making checkpoints that the user must take when verifying the authenticity of potential partners. The history of invoices sent by the company to the public allows automatic assessment of validity and further related risks.

In modern business, automatic checks are almost impossible without constant physical inspection. In addition, notes can be falsified, further limiting investors to uncover foul play when that happens. Because there is no real incentive for companies to disclose their direct finances to the public, there is a high probability of incorrect financial results.

3. Non-Transparent and Old Financial Statements

Problems with financial statements that are not transparent may be as old as the business itself. There are several reasons why companies want to hide their true results, especially when invoices are questioned. Business plans and financial statements, in general, must show the financial health of the company now and in the past. However, by removing key data or even manipulating their presentation, the company in question seems to be in a good position, while the actual situation is very different.

Although the government actually enforces basic financial presentation guidelines through IFRS and GAAP policies, many companies continue to find ways to bypass them. The IFRS model represents a step forward when it comes to bribery investigations and illegal activities. However, it cannot explain all the possible places where non-transparent reporting is questioned, especially when SMEs are involved. Factoring needs invoicing has increased in recent years, with businesses emerging in the SME sector. However, the problem still concerns trust and accurate reporting.


As a format for presenting financial data on a platform, we chose XBRL (eXtensible Business Reporting Language). This framework represents open international standards for digital business reporting. This is used throughout the world, with companies from more than 50 countries implementing it in their operations. Millions of XBRL documents are created every year, replacing older, paper-based reports with useful, effective and more accurate digital reports.

In other words, XBRL provides a language where the term reporting can be clearly defined. In turn, the term can then be used to uniquely represent financial report content or other types of compliance, performance, and business reports. XBRL is often called “bar code for reporting”, because it makes reporting more accurate and efficient. With unique tags, XBRL enables Pcore to develop its platform according to sophisticated market requirements, providing:

  • usable reporting documents that can be registered, sorted, and analyzed automatically by Pcore
  • the general belief that all reports in the platform follow up are sophisticated, predefined definitions

In addition, comprehensive definitions and accurate data tags will help parties to carry out various reporting tasks, including:

• preparation

• validation

• publication

• exchange

• consumption

• risk analysis and business information performance.

To enable the exchange of business report summaries, XBRL applies transaction tags on the platform. This transactional representation allows the exchange of independent systems and analysis of large amounts of supporting data. Thus, as a key to the transformation of financial reporting, the Pcore platform uses two core calculations to support investors in evaluating investment opportunities.


Token Name: PCORE

Tricker: PCC


Project Type: TOKEN

Project Platform: ERC – 20

Limited country: CHINA, USA

Basic Token Price: 1PCC = 0.39USD – 1PCC


Total Token Supply: 52,000,000

Token for Backup: 20,000,000

Tokens for sale: 20,000,000

Gift Token: 500,000

Tokens Reserved for Teams: 11,500,000

Soft Cap: 1.000.000 USD

Hard Cap: 5.000.000 USD

At present we are in the Crowdsale which only accepts Etherium (ETH) as all forms of payment. You cannot use an existing Exchanger but you can only use the Etherium address from ERC20. The sales results in the form of Ethereum will be reused to develop the project and build a blockchain-based invoice discounting platform system using PCC tokens as an exchange unit.


March – April 2019

Pre ICO bounty.

Within our marketing campaign we have considered the effectiveness and influence of social media content creators.

We Have decided to pay selected social media influencers within the crypto community based on their content engagement and promotion of Pcore (PCC).

Working with security auditors to finalise ICO contract.

May – June 2019


20 million (PCC) will be on offer for investors.

ICO sale coins released.

PCC sold in pre-sale and ICO will be released to investors. Further information and updates will be announced through twitter.

Exchange listing.

July – September 2019

New office site.

Reaching the end development of the invoice trading platform with the hired software developers to perfect the functionality and use for business and investors.

October 2019

Launch invoice trading platform.

December 2019 – January 2020

Start of building invoice software for China.

March 2020

Pcore software launch date.

April – May 2020

Start market research for penetration of Pcore into China. Integrating and testing Pcore software into Chinese invoicing market.

June 2020

Marketing campaign start for Pcore platform in China.

July 2020

Explore new markets.

Explore new software development for invoicing.


Sezgin Aydin: Founder / CEO / Director

Akin Aydin: Co-founder / Marketing Manager

Vang YangPao: Co-founder / Development Manager

Author: Yuni comel

My Bitcointalk Profile:


Publication author

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Comments: 0Publics: 232Registration: 13-06-2018
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