[ANN][ICO] 🌐 PROCUREAN 🌐 Blockchain-driven procurement network based on trust

[Mirko]

Lucky you, drinking beer to set the trust level isn't the worst part!

That is not correct. Procurean is designed for this kind of cases in particular. There is no way, a particular business can increase their trust rank, without being evaluated by another business after the end of the deal. This is one of the biggest benefits of Procurean. To give Small, medium-sized companies a chance to take on larger enterprises.
By establishing this kind of blockchain-driven network, both sides have to show fair behavior, otherwise their trust rank will decrease, resulting in less business opportunities.

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[woodywoodf]

In modern world the economy sytuation is constantly changing, are you going to set any options to alter the project over the time? Sometimes the Blockchain -based projects aren't very versatile.

[Crt_Procurean]

I guess there should be some fees for both parties to make it fair.

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

[Crt_Procurean]

Sure, most often we tend to spend ridiculous amount of time to create, check, re-create, sign the papers… It's too much of an effort sometimes that you even question the whole idea.

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.

[banerro]

You are totally doing the right thing! B2B is underestimated in the blockchain, while there is a huge demand on various subjects, including procurement and logistics.

[Crt_Procurean]

As I see from the roadmap you will start the market expansion from Europe. Good choice, you can't make it global overnight, so moving at a steady speed from the domestic market is smart!

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.

[rey6te]

Just an advice, make a one-pager so that the future investors could understand the project faster.

[Crt_Procurean]

Just an advice, make a one-pager so that the future investors could understand the project faster.

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!

[MishCoin]

Dude, they have an awesome infographic, that shows the project in a min!

[Crt_Procurean]

Gepom has hundreds of registered partners, but who are they?

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

[Crt_Procurean]

Are you making your own instrument for an easy blind reverse auction?

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.

[Crt_Procurean]

New project with the EXCELLENT concept

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

[Crt_Procurean]

Good that you have years of experience and a working business in the field. I definitly makes you trust-worthy already!

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

[Crt_Procurean]

You are totally doing the right thing! B2B is underestimated in the blockchain, while there is a huge demand on various subjects, including procurement and logistics.

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/

[Crt_Procurean]

More interesting to know how are you going to launch the platform, will it have any partnership companies at the very beginning?

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).

[Crt_Procurean]

If I get it right, a customer will be able to serch for the procurement-company on the platform, and it will be way more secure than searching for it on their own?

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

[Vladik24]

Here is a fun article on Medium about the procurement in a blockchain world: https://medium.com/@bloomingminds/bitcoin-blockchain-and-donuts-7f3374d9cb55 I though that would be funny for you to see)) I guess many of the issues might be solved with the Procurean!

 

[rozy_cash]

Are you making your own instrument for an easy blind reverse auction?

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.

So the most important criteria of a blind reverse auction is the price? How about other factors, like the product features?

[Borislav12]

Do you paln any other projects in the ecosystem?

[Keyless]

Are you planning any buyback in the future?

That would make your position even stronger if you decide to.