Hiveterminal blockchain-based platform is one of the very first real-world use cases of blockchain adoption in the international invoice financing industry.
This is a massive multi-trillion market, and Hiveteminal penetrates it using the innovative blockchain technology.
They are leading the way in automatization and trustworthiness, marking adoption in the international invoice financing industry.
Hiveterminal platform launches on the market to solve liquidity-related issues
Hiverteminal launched its services for invoice sellers from Slovenia and also investors from across the globe.
Their main focus in solving an issue that a lot of SMEs have, and this is getting instant liquidity.
They provide small-time contributors with the massive opportunity to get returns that they could not be able to enjoy if their savings were placed in a traditional bank account.
Hiveterminal makes use of the innovative blockchain technology in order to grant every issued invoice a unique fingerprint.
This is basically a patent-pending innovation that enables businesses to automate the invoicing process and make all the benefits of the blockchain easier to be commercialized.
Hiverterminal’s end goal is to become a complete marketplace with professional trading analytics for peer-to-peer lending.
This will trigger the increase of the liquidity available to small business and, more than that, it will also build a central invoice database.
Hiveterminal will be able to bridge the existing liquidity gap for small businesses and facilitate rapid and real-time auditing.
“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 can upload their invoices and get instant and free liquidity, while invoice buyers from all around the world can buy their receivables, finding high-return investment opportunities in the real economy,” Jure Soklic, Hiveterminal Co-founder and CEO said.
Supporting blockchain adoption in the invoice financing industry
Invoice financing has been used by companies to ensure daily liquidity. This is different from the exclusivity0based model that banks are operating under, and this particular model offers anyone the opportunity to participate as an invoice buyer. The tech solution is based on the blockchain.
Hiveterminal’s platform allows the integration of various corporate intelligence data sources, a proprietary scoring algorithm, and also an ERP data module which enables it to establish a marketplace.
This marketplace flaunts real-time invoice rating that will be able to develop a transparent culture of trust between all parties involved. Overall, Hiveterminal is bringing complete transparency and automatization to the global industry of invoice financing.