Populous (PPT)
Populous is a peer-to-peer invoice finance platform that helps globalize what is traditionally a localised and limited market sector known as factoring. It is a global invoice trading platform, built on blockchain technology. Invoice finance is a form of funding that instantly unlocks the cash tied up in outstanding sales invoices. Business owners allow invoice buyers to purchase invoices at a discounted rate, in order to unlock their cash more quickly. Once invoices are paid by the invoice debtor, the invoice buyer receives the amount previously agreed upon. Factoring is a common cash-flow solution used in many traditional industries.
Mining/Staking
We have no information about the consensus mechanisms for this project.
Development Team
Populous has a small team, led by Stephen Williams as CEO. Basically, the project is set up as a real-world company, based in London (United Kingdom).
Criticisms, Caveats, and Competitors
There doesn't seem to be a lot of recent Github activity for this project. Also, Populous will face significant competition from traditional established real-world factor companies, which already have well-entrenched regional penetration.
Additional Resources
The project's main website: https://populous.co
Link to Wikipedia Page: N/A
Link to Reddit Community: https://www.reddit.com/r/populous_platform
Link to Twitter account: https://twitter.com/bitpopulous
Link to Team information: https://populous.co/company.html
Link to data on Live Coin Watch: https://www.livecoinwatch.com/coins/PPT
Whitepaper: https://populous.co/populous_whitepaper.pdf