Populous is a peer-to-peer invoice discounting platform, which provides financing to companies by tying a company’s invoices to their outstanding debt. By using blockchain smart contracts, it is able to connect invoice sellers and invoice lenders. The Populous smart contract is data driven to ensure the fulfillment of the requirements, which can be set individually per contract. Populous allows anyone to provide financing to companies that seek it, and allows companies to get financing more easily, at lower fees than traditionally available. The utilization of the blockchain creates a trustless connection between the lender and the business without the need of a third party, keeping fees low. The Populous “Poken” is used on the platform, and is denominated in the transaction’s national government currency value. This allows for seamless transnational lending without having to get third parties involved.
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