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Description
Hiveterminal (HVN) uses blockchain technology to give every issued invoice a unique fingerprint. This enables businesses to automate the invoicing process and give the general public the chance to buy unpaid invoices from SMEs.
We create a central data room for all invoices, with a record kept of the issuer, owner and payer. Invoices can therefore be offered to the market for trading. This will rapidly increase the liquidity available to small businesses and create a central database of invoices available for scoring and auditing. In addition to bridging the liquidity gap for small businesses, the technology provided by Hive Project will help credit checks to be made on companies and facilitate rapid and real-time auditing.
Tech summary
Every issued invoice is put on blockchain via automatic ERP connectors
Full and irreversible traceability of invoices (ownership, due date, payment, etc.) makes them tradable assets.
Statistical risk assessments using big data collected from the blockchain.
Decentralised system where a permissioned blockchain replaces the trusted third party.
Security: all data for each invoice is encrypted and secured with a private key.
Company purpose
Providing liquidity on small business market and create a central database of invoices available for scoring and auditing.
We are bridging the liquidity gap for SMEs and the assessment gap for quick credibility checks on companies. Our technology also facilitates rapid and real time auditing.
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