What is Pcore?

Pcore is a P2P (peer to peer) integrated in blockchain technology, with the aim of combining transparency, trust, speed and security of blockchain with registered smart contracts and directly uniting invoice sellers and lenders.

Pcore aims to incorporate current technology into a niche but a growing market. As we all know, current market conditions are having hard times. As more and more businesses are turning to other funding alternatives besides banks, Hopefully it can provide them with a platform that they can exchange invoices with faster ways to get the amount they should. In return it helps them grow, grow and keep up with business costs.

PCORE GENERAL DESCRIPTION

Pcore a P2P (shared) limits the stage of coordinated acceptance in blockchain innovation, with the intention to consolidate the candor, trustworthiness, speed and security of the blockchain with sharply registered contracts and officially unite traders and revenue banks.

At Pcore LTD we plan to join todays innovation to specialize but develop the business sector. As more and more organizations swing to different financing options apart from banks, we need to show them a stage where they can exchange their requests with a faster method to get the amount they should. As a result it helps them expand, develop and remain aware of business costs.

Problem

We base our business on real-life problems in various industries. As such, Pcore aims to solve the obstacles and problems faced by modern companies when dealing with liquidity and financial uncertainty. Besides the main problems that disrupt a number of markets for some on a regular base are financial & factoring constraints, invoice verification, and financial reports that are not transparent / outdated.

1. Financial Limits & Factoring

SMEs have limited access to short-term financing (working capital). The banks demanded significant guarantees and large amounts of documentation when approving financing projects, especially after the last recession in 2009. This represented a large funding gap for small and medium-sized companies worldwide, driving global factoring industry growth by 10% each year. Current estimates indicate that the invoice factoring market has a value of US $ 3 trillion in 2018, making it a large enough market to be investigated.

Since the beginning of the financial crisis in 2009, factoring in the United States and around the world has grown between 11% and 24% per year, adding more than one trillion euros in annual factoring volume in less than a decade. This industry practically doubles its size, although the modern era of factoring began only a century ago.

SMEs are clearly at a disadvantage when dealing with capital markets in terms of credit rationing and financial gaps, due to lack of financial strength. The gap in financing has driven the need for alternative financing sources, such as factoring.

2. Invoice Verification

There are several steps needed when verifying the authenticity of an invoice sent. This includes confirmation that the invoice service was actually sent as claimed, an inspection of operations that has a direct relationship with the invoice service, and an investigation of the materials used to meet the requirements specified where the invoice was built.

With the implementation of the ERP system, Pcore intends to automate all processes involved in validity analysis, creating checkpoints that users must take when verifying the authenticity of potential partners. The history of invoices sent by the company to the public allows for automatic assessment of the validity and associated risks.

In modern business, automatic checks are almost impossible without constant physical inspection. In addition, records can be falsified, further limiting investors to uncover foul play when it occurs. Because there is no real incentive for companies to disclose their direct finances to the public, there is a high possibility of incorrect financial results.

3. Non-Transparent and Old Financial Statements

Problems with non-transparent financial statements may be as old as the business itself. There are several reasons why companies want to hide their true results, especially when invoices are questioned. Business plans and financial reports, in general, must show the financial health of the company today and in the past. However, by removing key data or even manipulating their presentations, the company in question seems to be in a good position, while the actual situation is very different.

Even though the government really enforces the basic financial presentation guidelines through IFRS and GAAP policies, many companies still find ways to bypass them. The IFRS model represents a step forward when it comes to investigating bribes and illegal activities. However, it cannot explain all possible places where non-transparent reporting is questioned, especially when SMEs are involved. The need for invoice factoring has increased in recent years, with businesses emerging in the SME sector. However, the problem still concerns trust and accurate reporting.

Solution

As a format for presenting financial data on the platform, we chose XBRL (eXtensible Business Reporting Language). This framework represents open international standards for digital business reporting. This is used worldwide, with companies from more than 50 countries implementing it in their operations. Millions of XBRL documents are created every year, replacing older, paper-based reports with useful, effective and more accurate digital reports.

In other words, XBRL provides a language in which reporting terms can be clearly defined. In turn, the term can then be used to uniquely represent the content of financial statements or other types of compliance, performance, and business reports. XBRL is often called “barcode for reporting”, because it makes reporting more accurate and efficient. With unique tags, XBRL allows Pcore to develop its platform according to sophisticated market needs, providing:

•usable reporting documents that can be registered, sorted, and analyzed automatically by Pcore

• general belief that all reports in the platform follow up on sophisticated, which have been specified definition

In addition, comprehensive definitions and accurate data tags will help parties to carry out various reporting tasks, including:

• preparation

• validation

• publication

• exchange

• consumption

• risk analysis and business information performance.

To enable the exchange of business report summaries, XBRL enforces transaction tags on the platform. This transactional representation enables the independent exchange of systems and analysis of large amounts of supporting data. As such, as a key to financial reporting transformation, the Pcore platform uses two core calculations to support investors in evaluating investment opportunities.

Detail ICO Pcore

Token PCC Token

Platform Ethereum

Type ERC20

Harga ICO 0.3900 USD

BONUS

Pre-sale more than 100 ethereum 10%

Pre-sale more than 1000 ethereum 20%

Pre-sale more than 2000 ethereum 30%

Pre-sale more than 8000 ethereum 40%

Investment info

Receive ETH

Distributed in ICO 38%

Soft cap 1,000,000 USD
Hard cap 5,000,000 USD

Right now we are at Crowdsale which only accepts Etherium (ETH) as all forms of payment. You cannot use from an Exchanger that already exists but you can only use the Etherium address from ERC20.

Proceeds from sales in the form of Ethereum will be reused to develop projects and build a blockchain-based invoice discounting platform system using PCC tokens as exchange units.

Team