Populous is a blockchain-based bill financial transaction system. Populous is an invoicing marketplace built using the latest blockchain technology. Populous uses iXBRL, smart contracts, stablecoins and more to create a unique transaction environment for investors, lenders and SMEs.

It uses XBRL data, uses credit scoring and bankruptcy formulas, and includes technologies such as Altman Z-Score, which can be used to conduct in-depth credit risk analysis of potential target borrowers, including their affiliates and their customers and other data; this system also provides targeted marketing solutions, using methods such as K-means cluster analysis to find borrowers who need invoices or bills of exchange financing, and at the same time execute smart contracts on the platform, which not only prevents multiple invoices or money order financing fraud, as well as creating cost efficiencies, these solutions have the potential to turn Populous into a global conglomerate.

1. Project Highlights

The latest platform to adopt blockchain technology is Populous, which is a platform specially designed to cater for bills and trade finance, which is based on the blockchain technology of Ethereum.

Not only does it use smart contracts, Populous can also use XBRL data to link Tokens, creating a unique trading environment for investors and note sellers. Investors and note sellers can use Populous' blockchain technology to trade a large number of different notes around the world.

Data always plays an important role when making financial decisions.

This is why Populous needs to add a blockchain system. Because blockchain technology not only allows users to register any financial transaction and guarantees its storage security, it also ensures that all registered assets and stored user information have sufficient transparency and sufficient privacy protection.

With this blockchain technology, all stored data can also be shared seamlessly and anonymously when needed.

2. Project application

Fund movement within the Populous platform is enabled through the use of custom Tokens called Pokens. Pokens are pegged to the national government currency involved in a transaction. For example, 8 GBP can deal with 8 Pokens. All financial transactions between note buyers and sellers will be executed through Pokens.

Since Pokens are ERC20 compatible, this allows Populous to take full advantage of smart contracts on the Ethereum blockchain. Using custom Pokens allows note buyers and sellers to stay away from the exchange rate fluctuations of the fiat currency market.

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