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Topic: [ANN][ICO] 🌐 PROCUREAN 🌐 Blockchain-driven procurement network based on trust - page 19. (Read 2372 times)

newbie
Activity: 115
Merit: 0
As  I get it, the rating avaluation system also will be decentralized?
newbie
Activity: 111
Merit: 0
The payment is only via your platform? Can I supply for real money?
member
Activity: 166
Merit: 10
What happends if a company paid for a guarantee from another user and then fails to provide the needed quality?

The guaranteeing business gives a time-constrained guarantee to the asking business by staking its own trust rank. All changes (positive or negative) to the trust rank of the requesting business are immediately reflected in the trust rank of the guaranteer.
I suggest you take a look at our whitepaper on page 23: https://procurean.network/whitepaper

hopefully that will be a strong argument against the fraud.
newbie
Activity: 109
Merit: 0
How it's gonna protect me, a small supplier, against the giants monopoly and demping?
newbie
Activity: 135
Merit: 0
Hello! Why do you focus on non-strategic and
low sourcing priority items?

We don't. We support a whole range of procurement scenarios each meant for its respective role in procurement (strategic and non-strategic), but non-strategic and low sourcing priority items are what businesses will most likely want to "try out" and it is the first thing with which we can win them over and hook them for later use when they see the attained results.

I see what you mean. Good tactic!When the small things go smooth, the companies will be ready for bigger staff to.
newbie
Activity: 31
Merit: 0
when the Procurean dApp will be available for a test?

Hi, the Alpha-1 release is planned for July.
newbie
Activity: 122
Merit: 0
when the Procurean dApp will be available for a test?
newbie
Activity: 56
Merit: 0
What happends if a company paid for a guarantee from another user and then fails to provide the needed quality?

The guaranteeing business gives a time-constrained guarantee to the asking business by staking its own trust rank. All changes (positive or negative) to the trust rank of the requesting business are immediately reflected in the trust rank of the guaranteer.
I suggest you take a look at our whitepaper on page 23: https://procurean.network/whitepaper
newbie
Activity: 113
Merit: 0
What happends if a company paid for a guarantee from another user and then fails to provide the needed quality?
newbie
Activity: 31
Merit: 0
How fast the trust rate changes? And what will matter more - the recent rates or the old ones?

Hi, quoting directly from the Whitepaper:

The business’s resulting trust rank is a composite number calculated from a weighted sum—the weight being the trust rank of the evaluator, of quantitative evaluations ranging from 1 to 10 and their financial indicators.

The reputational component dissolves over time to ensure relevancy.

This effectively means that the evaluations given from businesses with a greater trust rank will be of bigger importance and the reputational component of the trust rank dissolves over time in a linear manner to ensure that the most weighted evaluations are the most recent and therefore the most relevant too.
newbie
Activity: 164
Merit: 0
How fast the trust rate changes? And what will matter more - the recent rates or the old ones?
newbie
Activity: 56
Merit: 0
Are you looking for new team members?

Hi! If you are interested in joining our team you can send us an email on [email protected] Smiley
newbie
Activity: 131
Merit: 0
Are you looking for new team members?
jr. member
Activity: 92
Merit: 2
"
Do you plan to visit more events like Podim?
Hi, of course!
Join our official Telegram to stay updated about news and upcoming events: https://t.me/procurean_news

Joined the channel  Wink"
newbie
Activity: 31
Merit: 0
"Secure by design" sounds very optimistic Wink

Secure by design means that the system has been designed from the ground up to be secure. Our infrastructure effectively locks us out of the transaction, trust processes and decision-making mechanisms in a way that we can't ever influence them, even if we or any other 3rd party later would want to influence the behavior in any way (positive or negative). 
newbie
Activity: 56
Merit: 0
wow, you even have PhD in the team!

And two in our advisory board Wink
newbie
Activity: 131
Merit: 0
"Secure by design" sounds very optimistic Wink
newbie
Activity: 111
Merit: 0
wow, you even have PhD in the team!
newbie
Activity: 56
Merit: 0
newbie
Activity: 56
Merit: 0
I suppose the investors will flow fast when the sales start. The procurement and supply industry is very beneficial.

Procurean's potential is really high since the industry we are entering is really big.
Here are three surprising facts:
- International trade represents more than 60% of the global GDP.
- 42 million business across the globe.
- We are tapping into 27 trillion $ revenue per year business.

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