{"id":4209,"date":"2022-03-05T20:26:00","date_gmt":"2022-03-05T20:26:00","guid":{"rendered":"http:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/populous-whitepaper\/"},"modified":"2022-03-05T20:26:00","modified_gmt":"2022-03-05T20:26:00","slug":"populous-whitepaper","status":"publish","type":"post","link":"https:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/populous-whitepaper\/","title":{"rendered":"Populous Whitepaper"},"content":{"rendered":"<div id=\"post-470\">\n<div class=\"entry-content\" readability=\"46.195954229669\">\n<p>Abstract<\/p>\n<blockquote readability=\"32\">\n<p>Small and medium sized enterprises (SMEs) are always in need of short-term financing<br \/>especially when there is a sudden and immediate need for increased working capital to<br \/>fund wages or the purchase of raw materials. They will very often take out short-term<br \/>loans from their bank which is not the ideal solution and the short-term finance industry<br \/>is dominated by banks and other lending institutions such as the traditional invoice<br \/>finance companies. However, newer and more innovative P2P (peer-to-peer) invoice<br \/>finance platforms have recently entered the industry.<\/p>\n<p>These P2P invoice financing platforms operates in the same manner as the traditional<br \/>invoice financing companies by providing short term liquidity on invoices for short<br \/>durations of up to 90 days. Rather than waiting for their customers to settle invoices that<br \/>have due dates of 45 to 90 days, the invoices can be sold to invoice financing companies<br \/>to access \u201cimmediate\u201d funds. P2P platforms are unique in that they connect invoice<br \/>sellers directly with invoice buyers making the rise of P2P as an alternative lending<br \/>platform more attractive to businesses globally.<\/p>\n<p>The global invoice financing market was valued $3 Trillion in 2013 and due to a<br \/>slow-down in the world economy the invoice financing market experienced a slight<br \/>contraction to approximately $2.6 Trillion in 2016. The business environment has<br \/>become more challenging and making it a more favorable environment for new fintech<br \/>start-up like Populous.<\/p>\n<p>However, to operate in this industry without a deep understanding of credit and<br \/>underwriting principle can result in serious financial loss for the company as well as<br \/>investors. Our in-depth knowledge and expertise in the short-term finance industry<br \/>allows us to build a P2P invoice financing platform using credit scoring and bankruptcy<br \/>formula such as the Altman Z-score. We will also identify potential borrowers using<br \/>K-means cluster analysis.<\/p>\n<p>When these formulas are combined with the XBRL data set we can perform \u201cenhanced\u201d<br \/>credit risk analysis on targeted potential borrowers, linked companies and their<br \/>customers. Using Blockchain technology we can leverage smart contract to create a cost<br \/>effective and efficient solution by providing a streamlined funding solution to<br \/>businesses. Blockchain technology also affords some security against fraud and can<br \/>prevent duplication in the selling of invoices<\/p>\n<\/blockquote>\n<p> <a href=\"https:\/\/populous.world\/\"> Populous Website<\/a> <br \/>Populous Whitepaper <strong><\/strong><\/p>\n<p>Social<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Abstract Small and medium sized enterprises (SMEs) are always in need of short-term financingespecially when there is a sudden and immediate need for increased working capital tofund wages or the purchase of raw materials. They will very often take out short-termloans from their bank which is not the ideal solution and the short-term finance industryis [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4209","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/4209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/comments?post=4209"}],"version-history":[{"count":1,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/4209\/revisions"}],"predecessor-version":[{"id":4210,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/4209\/revisions\/4210"}],"wp:attachment":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/media?parent=4209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/categories?post=4209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/tags?post=4209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}