Categories: Press Release

Hiveterminal Launched – Global Blockchain-based Invoice Financing Platform Set to Revolutionise Factoring Industry

November 21, 2018, Ljubljana, Slovenia – Hiveterminal is making history in global factoring as one of the first real-life use cases of blockchain adoption in the international invoice financing industry. Being among the first to tackle this multi-trillion market while using the blockchain – the technology of tomorrow – Hiveterminal is leading the way in automatisation and trustworthiness, doing what the factoring industry will do in the years ahead.

The Hiveterminal Platform

Hiveterminal announced its launched its business for companies (invoice sellers) from their native Slovenia (EU), and investors worldwide. Hiveterminal is focused on solving a problem many SMEs have and that is getting instant liquidity. The patent-pending solution gets SMEs the funds they need while providing small-time contributors with the opportunity to get returns they could not get if their savings were tied up in a bank account.

Hiveterminal uses blockchain (distributed ledger) technology to grant every issued invoice a unique fingerprint. This patent-pending innovation enables businesses to automate the invoicing process, bringing the benefits of blockchain technology closer to commercialisation.

Ultimately, Hiveterminal’s end goal is to become a full marketplace with advanced trading analytics for peer-to-peer lending. 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 Hiveterminal will help carry out credit checks and facilitate rapid and real-time auditing.

Jure Soklic, Hiveterminal Co-founder and CEO:

“I am thrilled to announce that, from this moment on, one of the first use cases of blockchain adoption in the real economy is here. Companies from Slovenia are able to upload their invoices and get instant and free liquidity, while invoice buyers from all around the world are able to buy their receivables, finding high-return investment opportunities in the real economy.”

Pioneering Blockchain Adoption in the Invoice Financing Industry: A Marketplace with Real-time Invoice Rating

Invoice financing as a financial instrument is nothing new and companies have been using it as a means of ensuring day-to-day liquidity for decades. What is groundbreaking is the model that enables anyone to participate as an invoice buyer (very different from the exclusivity-based model that banks operate under), the evaluation algorithm, and the technology solution based on the blockchain.

Using the existing tools available for invoice financing means paying intermediaries to assess the risk of the transaction. The analysis often takes time and it is always based on older – potentially outdated and irrelevant – documents (e.g. publicly published annual reports of the company). Hiveterminal’stechnology platform presents the tech ecosystem of blockchain technology, the integration of different corporate intelligence data sources, a proprietary scoring algorithm, and an ERP data module, which enables it to establish a marketplace with real-time invoice rating that will gradually build a fully transparent culture of trust between actors involved in buying and selling invoice receivables. All this means that Hiveterminal is among the first to bring full transparency and automatisation into the global invoice financing industry.

Visit the Hiveterminal Official Site – https://www.hiveterminal.com/
Chat on Telegram – https://t.me/hiveterminal
Follow on Twitter – https://twitter.com/hiveterminal
Like on Facebook – https://www.facebook.com/hiveterminal/
Read the Mediumhttps://medium.com/hiveterminal
Meet the Team – https://www.linkedin.com/company/hiveterminal/

Media Contact Details
Contact Name: Domen Ursic
Contact Email: domen.ursic@hiveterminal.com

Hiveterminal is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Ishan Garg

Ishan is a cryptocurrency trader and a journalist. He joined the cryptocurrency space in 2017. He is the founder of Blockmanity. He is a HODLER and is holding BTC, ETH & UGT.

Share
Published by
Ishan Garg

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

1 month ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

2 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

3 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

3 months ago