Is your job linked to procurement?

I suggest you read our article on why PAN token is the vital component of the Procurean network, and how exactly PAN tokens will be used, including escrow.

Link to the article: https://medium.com/procurean/what-pan-token-can-be-used-for-c0a8e74a96a0

Wau that is a big statement and huge honor really to hear this kind of words. Thank you!

Hi Oleg.Cheburek!

Not completely accurate.
A customer will have at its disposal a large network of trusted business partners. Every business on the Procurean network has its trust rank, which is the biggest
deciding factor for businesses on the Procurean network. The trust rank will enable a customer to decide whether he wants to conduct business with a business partner with a certain rank or not. Procurean network basically, in this case, enables the customer to pick out the most trusted business partners, which he otherwise wouldn't be able to find.

To learn more about trust rank, you can look at the page 20 in our whitepaer: https://procurean.network/whitepaper

Or you can read our blog about Trust rank and how it can help businesses: https://medium.com/procurean/restoring-trust-in-procurement-with-blockchain-9ff4ac82dce5

Of course. Existing Gepom users will be the first invited to join the platform. Furthermore registered alpha version users will be invited to join the platform as well.
And since the platform is free to use for buyers in general, and sellers pay a very small fee relative to the inquiry worth for each bid they place, it doesn't make much economic sense fot them not to join. Larger enterprises (businesses that we sell to door-to-door or through our EPR partners) who decide to use the platform also bring with them a large pool of their existing vendors that get onboard, and who at first only participate at auctions (inquiries) of the buyer who invited them, but soon reach out to other buyers who source similar items and products. There is a big incentive for buyers to start using Procurean, because automating and optimizing non-optimized procurement can result in lower procurement costs (up to 30% on non-optimized purchases) and lower transaction costs (up to 90% by automating human work).

You are correct. Just to give a quick glimpse of how big this industry really is, here are three facts, that are quite schocking:
- International trade represents more than 60% of the global GDP.
- 42 million business across the globe.
- We are tapping into 27 trillion $ revenue per year business.


This might give you a bigger picture of how big this project really is and the potential it has.


Don't forget to join our Telegram group, where we can discuss this further: https://t.me/procurean/

Anton_p thank you very much! You'll soon be able to take a look at our Alpha version of the new platform.

Hi Hakamoto! Thank you very much. You're more than welcome to join our Telegram group, to join the conversation: https://t.me/procurean/

The concept of the blind reverse auction doesn't change. It is however conducted on our platform with added benefits for both sides (buyer, seller), which makes it transparent and risk-free for the users. And in order to ensure that, it has to be paid with PAN tokens.


Here is an example of a blind reverse auction on Procurean network:
The buyer is buying ball bearings which represent a low priority sourcing event for
the company and is currently not optimized. It sets up a blind reverse auction—
public—and defines the criteria and the maximum price it is willing to pay for the
ball bearings—10 USD per ball bearing. No bid can be accepted above this price.
The Procurean network automatically discovers all the sellers that have the ball
bearings in stock and match the required criteria. Sellers join the auction and place
bids. Each bid is paid with PAN tokens and the tokens are locked into the smart
contract until the end of the inquiry.
The lowest—winning—bid is 6.35 USD per ball bearing. The seller with the winning
bid can now follow through with delivery and payment. The seller and the buyer
exchange an evaluation at the end of the delivery and payment phase.

That is correct. Gepom was created and focused on Slovenian market. I Can name you few of the biggest companies that are Gepom partners:
Gorenje, Unior, Slovenijales Hobby, Inpos, Thermana Laško, and others.

You can also check out Gepom's website:
https://www.gepom.com/public/index.jsp

One-pager is in the making and should be done in few days, meanwhile you can watch our video: https://www.youtube.com/watch?v=snQ4B71AnHg&t=6s

P.S. thank you for the advice!

Correct. At first we'll focus on the neighboring countries; Slovenia, Italy, Hungary, Croatia, Austria.
Than we will gradually expand to the Europe and then even further out.

Most certainly agree. But the biggest benefits that Procurean will bring to businesses worldwide are reduced costs, global expansion, and necessary tools to digitalize their business processes.

Here are the benefits Procurean will ensure, 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.

I think the easiest way for you to the grasp the idea is to check out the video: https://www.youtube.com/watch?v=snQ4B71AnHg&t=25s

To get a clearer picture of how exactly fees are charged for both sides, download our whitepaper.
https://procurean.network/whitepaper

At the moment we are working on releasing our Alpha verion of the platform and next week we are releasing our airdrop program.
To follow our updates join our Telegram group: https://t.me/procurean or subscribe to our newsletter at https://procurean.network

Yes, Gepom was founded back in 2013 and is still operating. You can check out the website as well: https://www.gepom.com/public/index.jsp

Yes, we are releasing our airdrop program next week! So stay tuned, to get some early PAN tokens.

We will not be having any bounty program.

Thank you! That will be soon. Be sure to follow our progress!

You can expect Beta version in Q4 2018. The progress of the platform will gradually increase, as shown on the road map. But yes, you can expect the final version in 2019.

Hi bluberry7! You're not alone. Especially SMEs are exposed in this matter, due to their size they're often exposed to numerous business risks.
Thank you very much for kind words! Drop us a line in our Telegram group: t.me/procurean