Topic: [ANN][ICO] 🌐 PROCUREAN 🌐 Blockchain-driven procurement network based on trust - page 21. (Read 2333 times)
May 29, 2018, 02:51:39 AM
Haven't seen many projects from Slovenia. Are there any severe laws restricting ICOs?
May 29, 2018, 02:51:00 AM
How are you going to obtain the credit records of a compony to calculate its trust rate??
Hello!
The data for the financial component is retrieved from publicly available financial data, smart data sources and data gathered by credit rating agencies. Most of this data is bought on the market from smart data providers. The reputational component is dependent on datasets collected from multilateral evaluations of participants done on the network. This data is generated through various buyer–seller interactions on the network using smart instruments and it is governed by smart contracts. You can learn more about our trust rank in our whitepaper on pages 20-23: https://mk0procureannetyd833.kinstacdn.com/app/uploads/2018/05/Procurean_WP-1.6_2018-05-23-1.pdf
May 29, 2018, 02:49:39 AM
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
May 29, 2018, 02:47:38 AM
It remains unclear to me how the PAN token functions as an escrow? because naturally the things like this are very liked by the buyers / sellers due on so many fraudster in this present.
I suggest you read our article on why PAN token is the vital component of the Procurean network, and how exactly PAN tokens will be used, including escrow.
Link to the article: https://medium.com/procurean/what-pan-token-can-be-used-for-c0a8e74a96a0
Great article! Your WP is quite large to read in one seating, so short article with partial project review are much more easy to read and comprehend
Thank you! You can follow Procurean on Medium for more such articles: https://medium.com/procurean
May 29, 2018, 02:44:38 AM
Hi! How are you going to create the trust ratings?
Hello! The trust rank of a participant is calculated from two separate components: one financial and the other reputational. 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.
You can read more about it in our whitepaper from pages 20-23 or/and in our article https://medium.com/procurean/restoring-trust-in-procurement-with-blockchain-9ff4ac82dce5
May 29, 2018, 02:38:08 AM
Wishing you successul token sale!!!
May 29, 2018, 02:38:04 AM
And when the pre ico starts?
in the end of August I guess?
Are you interested in participating? May 29, 2018, 02:37:51 AM
And when the pre ico starts?
in the end of August I guess?
Yes, the pre-sale starts on 30.08.2018. Sign up for our newsletter to stay updated
May 29, 2018, 02:33:28 AM
Hello! If a company participates in ICO and purchases a large amount of PAN, would it get any special conditions on the platform?
No, of course not. The main purpose of our platform is trust among businesses. Every participant on the network has the same conditions no matter the amount of PAN it purchases during ICO. May 29, 2018, 02:29:20 AM
Hi! Do you have a communities besides telegram?
May 29, 2018, 02:27:13 AM
How are you going to attract new companies in the network?
Hi!
Initially, the existing Gepom users will be the first invited to join the platform. Furthermore, registered alpha version users will be invited to join the platform as well. Procurean platform is free to use for buyers in general and sellers pay a very small fee relative to the inquiry worth for each bid they place. Benefits are much larger than costs when using our platform so it doesn't make much economic sense fot them not to join. Also larger enterprises (businesses that we sell to door-to-door or through our EPR partners), who decide to use the platform, bring with them a large pool of their existing vendors that get onboard. There is a big incentive for buyers to start using Procurean, because automating and optimizing non-optimized procurement can result in lower procurement costs (up to 30% on non-optimized purchases) and lower transaction costs (up to 90% by automating human work).
well, it will be effective. In deed, many aspects aren't optimized yet. And all that human work can be used in a smarter way.
May 29, 2018, 02:23:43 AM
Cool, this project will be interesting not only for the investors, but for the future users too. That's the kind of platforms we need in crypto economy.
May 29, 2018, 02:19:39 AM
you maid a great white paper! It reminds a scientific paper abit as well
May 29, 2018, 01:09:42 AM
How are you going to obtain the credit records of a compony to calculate its trust rate??
May 29, 2018, 01:07:32 AM
Is the multistep auction widely used now in business?
May 29, 2018, 01:05:21 AM
It remains unclear to me how the PAN token functions as an escrow? because naturally the things like this are very liked by the buyers / sellers due on so many fraudster in this present.
I suggest you read our article on why PAN token is the vital component of the Procurean network, and how exactly PAN tokens will be used, including escrow.
Link to the article: https://medium.com/procurean/what-pan-token-can-be-used-for-c0a8e74a96a0
Great article! Your WP is quite large to read in one seating, so short article with partial project review are much more easy to read and comprehend
May 29, 2018, 01:04:47 AM
And when the pre ico starts?
in the end of August I guess?
May 28, 2018, 03:35:55 PM
Hello! If a company participates in ICO and purchases a large amount of PAN, would it get any special conditions on the platform?
May 28, 2018, 03:19:33 PM
How much time will it take for a company to build a reputation on Procurean platform?
Basically after the first successful activity on the platform. The time of building a reputation is also linked with the number of successful activities on the platform. Businesses on the Procurean network can further enhance their trust rank by requesting and paying for a guarantee from one of their existing business partners that already participate on the Procurean network. The guaranteeing business gives a time-constrained guarantee to the asking business by staking its own trust rank. The given guarantee is fueled by tokens provided by the requesting party and issued on the Procurean network with a smart contract. All changes (positive or negative) to the trust rank of the requesting business are immediately reflected in the trust rank of the guaranteer for the remaining time, and the reward pool of tokens is redistributed to the guaranteer at the end of the guarantee period.
May 28, 2018, 03:09:23 PM
Looking forward to test your alpha version
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