Populous is a global P2P (peer-to-peer) invoice discounting platform built on blockchain technology. We combine the trust, transparency, security, and speed of blockchain with our proprietary smart contracts to directly pair invoice sellers and lenders to transact directly and without third parties.
Our proprietary smart contracts reduce risk by utilizing XBRL data, Altman Z-scores, and other data to ensure the strong financial credit worthiness of businesses that want to sell invoices.
Why blockchain?

Blockchain technology opens the doors for everyone to participate in an alternative finance marketplace. In the past, financing was only available through banks and financial institutions which have high fees and other barriers to entry. Blockchain financial technology opens the marketplace for all investors and all invoice sellers to work together for mutual benefit by removing these barriers.
Perhaps the largest barrier to entry for both invoice sellers and investors is the geographic limitation in the current model. By using the fiat-pegged Poken cryptocurrency on our platform, invoice investors and invoice sellers can work together globally. For example: an investor from China or Japan can freely invest in invoices sold by UK businesses and vice versa. The Poken creates a stable trading environment by being pegged to virtually any given currency and is Ethereum ERC20 compliant.
Banks and other financial institutions have attempted to create alternative financial platforms on the blockchain, but these platforms are limited by banking and finance industry regulation. Populous will replace this legacy platform because we are not limited by these regulations.