r/HiveProject_net

585 archived posts · Jun 2017 – Aug 2020

Hiveterminal: the first blockchain-based invoice financing platform

r/HiveProject_net

New official subreddit: https://www.reddit.com/r/Hiveterminal_com/ Hiveterminal provides new financial liquidity to small businesses by leveraging blockchain technology, giving them a range of crypto-currency based financing options.

Created Jun 7, 2017 · restricted

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585Archived posts

Welcome to r/HiveProject_net!

#New subreddit: https://www.reddit.com/r/Hiveterminal_com/

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Description

Hiveterminal (HVN) uses blockchain technology to give every issued invoice a unique fingerprint. This enables businesses to automate the invoicing process and give the general public the chance to buy unpaid invoices from SMEs.

We create a central data room for all invoices, with a record kept of the issuer, owner and payer. Invoices can therefore be offered to the market for trading. This will rapidly increase the liquidity available to small businesses and create a central database of invoices available for scoring and auditing. In addition to bridging the liquidity gap for small businesses, the technology provided by Hive Project will help credit checks to be made on companies and facilitate rapid and real-time auditing.

Tech summary

Every issued invoice is put on blockchain via automatic ERP connectors
Full and irreversible traceability of invoices (ownership, due date, payment, etc.) makes them tradable assets.
Statistical risk assessments using big data collected from the blockchain. Decentralised system where a permissioned blockchain replaces the trusted third party.
Security: all data for each invoice is encrypted and secured with a private key.

Company purpose

Providing liquidity on small business market and create a central database of invoices available for scoring and auditing. We are bridging the liquidity gap for SMEs and the assessment gap for quick credibility checks on companies. Our technology also facilitates rapid and real time auditing.

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