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What is your plan for adjusting the common business mehods for every specific company?
Hi Danil.P! Not really sure how to answer this question. Could you rephrase your question please? |
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Even if I know my suppliers, I'm sure many companies would use the opportunity to search around for even better options for suppliers. Great project!
Exactly. Looks like you see the benefits clearly. That's awesome!  |
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Great tool. Somewhat like Business Level system with webmoney, but decentralized.
the fact that it's decentralized adds a lot of new aspects! That is correct. |
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If the network will be used frequently by a large number of companies, I'm sure it will develop over time and become even better. Also, if the team has a plan to expand and creat new projects in the ecosystem , it's all very promissing!
Well based on the experience with Gepom number of companies, who have joined the platform, is increasing fast. Thank you very much for positive feedback. |
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You say that a member rating is calculated from the information about the previous deals. How is the system protected from fraud? In a situation where many fake companies can be created and then order fake supplies from a fake supplier.
This scenario will not be possible, since at the stage of KYC we will have strong supervision of who is eligible to join the network. So there is no option for fake companies joining the network. |
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How are you going to exclude the "bad" suppliers?
An evaluation is required at the end of every concluded phase in each transaction (such as bidding, delivery, payment) and this is visible to all transaction participants so that they can work towards any possible resolutions when needed. The reputational component dissolves over time to ensure relevancy. So in short ... Excluding the bad suppliers will be done with the trust rank. |
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Will you focus more on international business interactions or domestic ones?
We are creating a global interconnected market, meaning we connect businesses around the world in a way that ensures buyers find new sellers and sellers can discover new buyers no matter their capabilities or location. |
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How it's gonna protect me, a small supplier, against the giants monopoly and demping?
Hi, I think it came to misunderstanding since our primary market (but not exclusive) are small and medium-sized enterprises (SMEs). SMEs are facing very specific challenges which Procurean will address by tools enhanced with machine learning algorithms to ensure knowledge and experience transfer on the underlying market infrastructure. I suggest you read more about it in our whitepaper on page 12: https://procurean.network/whitepaperWell, I hope that anyway Procurean network would make companies trust and deal not only with well-known giant brands, but also with smaller suppliers. Sure, that is the concept of Procurean. Empowering businesses of all sizes, focusing on SMEs, since they often lack necessary resources to cope with larger enterprises. |
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Oh! That's an opportunity to expand on the European market  It also brings the opportunity for global expansion, but at first we'll focus on neighbouring countries, then we'll focus on Europe and then gradually to wide world. |
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when the Procurean dApp will be available for a test?
Hi, the Alpha-1 release is planned for July. How can I (or others) apply to test it? Hi Ponchik34! We will announce the link to the application on our website. We suggest you subscribe to our newsletter, where we will announce and describe the application procedure in more detail. You can subscribe here: https://procureandoo.activehosted.com/f/3 |
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Promissing project. Decentralised system of partners rating opens new options to instantly know whether to eal with them or not.
Thank you very much. Exactly what Procurean is about, among other benefits of course. |
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when your alpha will be launched?
Our alpha version will be released in july. So stay tuned, it will be worth it! |
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If my company will be able to reduce the purchasing cost thanks to Procurean, that will be a bomb By the way, will be interesting to see how real companies managed to optimize their procurement tasks thanks to your team! Maybe you provide any success stories from Gepom? Of course, we are already preparing some use-cases of existing Gepom users and we'll share them with you. |
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Restoring trust is a long term goal. Do you have smaller milestones/project goals?
Trust can be established afther the first activity on the Procurean network, if the business was done as agreed upon. Trust rank is the biggest deciding factor for businesses on the Procurean network, but it is not the only benefit. Procurean will transform procurement in a way that will enable businesses to: 1. lower their transaction costs by up to 90% 2. save up to 30% on (currently) non-optimized procurement 3. increase trust and lower business risks associated with business transactions 4. digitize and automate procurement with minimum time waste 5. get open market access and information 6. transfer knowledge and IT system capabilities from large enterprises to SMEs. |
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Cool, this project will be interesting not only for the investors, but for the future users too. That's the kind of platforms we need in crypto economy.
We try to bring as much value to the users as possible. Consequently the investors will benefit from it as well. |
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And when the pre ico starts?
in the end of August I guess? Correct. Are you interested in participating? |
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Hello! If a company participates in ICO and purchases a large amount of PAN, would it get any special conditions on the platform?
No, of course not. The main purpose of our platform is trust among businesses. Every participant on the network has the same conditions no matter the amount of PAN it purchases during ICO. |
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How much time will it take for a company to build a reputation on Procurean platform?
Basically after the first successful activity on the platform. The time of building a reputation is also linked with the number of successful activities on the platform. Businesses on the Procurean network can further enhance their trust rank by requesting and paying for a guarantee from one of their existing business partners that already participate on the Procurean network. The guaranteeing business gives a time-constrained guarantee to the asking business by staking its own trust rank. The given guarantee is fueled by tokens provided by the requesting party and issued on the Procurean network with a smart contract. All changes (positive or negative) to the trust rank of the requesting business are immediately reflected in the trust rank of the guaranteer for the remaining time, and the reward pool of tokens is redistributed to the guaranteer at the end of the guarantee period. |
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