Hive aims to provide liquidity to the SME market by purchasing micro invoices from trusted ventures. The project uses blockchain (distributed ledger) technology to give every issued invoice a unique form of identification. Hive will help businesses autmote their invoice issuing processes and make the records available for the stakeholders in order to promote procurement transparency. A central data room is created for all invoices, with a record kept of the issuer, owner and payer. And the platform is so configured that these Invoices can be traded. This mechanism of trading invoices will rapidly increase the liquidity available to small enterprises and create a database of invoices available for scoring and auditing. In addition to bridging the liquidity gap for small businesses, Hive seeks to help companies facilitate rapid and real-time auditing.
* Kindly note that by making use of the ICOWatchlist platform, you agree to our Disclaimer & TOU and are aware of the fact that the platform does NOT give investment advice. It is prudent to do your own research.