Hi termion,
I will treat your post as a question of the difference between Hive Project & Populous. If I understand correctly, Populous´s aim is to become invoice exchange platform, where you can buy & sell invoices.
However, Hive Project is aiming at something different: Hive Project uses invoice factoring to get the invoice entry into the system. We will first provide the initial credit score by evaluating publicly available historical data on the business. In the first stage of Hive Project platform, we will create a Hive fund that will itself lend to small businesses. That will also enable us to gather more data on the business In the beginning, we expect the credit rating to be less accurate because we’ll have less data to work with. Therefore we will be lending smaller amounts with more commission to fine-tune the algorithm & historical data in order to be able to lend higher value with less commission expenses.
The next step will be to provide you with historical data & credit rating system to enable peer to peer lending like an exchange, but the end goal for us for Hive Project to become an ecosystem for credit scoring of the companies and 3rd party auditing. Populous aims to be the invoice exchange.
To kickstart our journey, we will have the Hive Project Fund buying invoices in crypto, however later on, it will be an ecosystem with data offered to the market.
Also, another note: as you are well aware, in the end everybody decides for themselves what ICO to invest in. We believe we have a strong team with good background in finance to be able to deliver on what we've promised. No matter what you decide to invest in - Hive Project, Populous, both or something completely unrelated - we wish you the best of luck.
Hive Project Team
