Project Type: Blockchain
Totaly Supply: 500,000,000
Pre-Sale: June 19 – July 3
ICO Date: July 3 / End Date: August 14
Website: Visit Hive
Hive ICO begins in...
Interview with Hive ICO
Bitcoin Chaser: What kind of problem, market deficiency or opportunity inspired you to launch your project?
Hive: Small businesses (SMEs) are the backbone of future dynamic and successful economies, but they face liquidity hurdles. The liquidity gap is estimated to be USD 2 trillion and rising. Their only options are banks, however they require tons of documentation and are time consuming and most of small business cannot even get financing this way. With the big companies factoring houses jumps in, however small businesses are left out. The problem is that before not much could be automatized, however, with the development of blockchain and Ethereum smart contracts, the whole process can be technology supported and due to reduced costs and time offered to small businesses.
BC: How will your project address this problem, market deficiency or opportunity in a unique way?
Hive: Hive (HVN) uses blockchain (distributed ledger) technology to give every issued invoice a unique fingerprint. This enables businesses to automate the invoicing process and make it available to the general public. We create a central data room for all invoices, with a record kept of the issuer, owner and payer. Invoices can therefore be offered to the market for trading. This will rapidly increase the liquidity available to small businesses and create a central database of invoices available for scoring and auditing. In addition to bridging the liquidity gap for small businesses, the technology provided by Hive will help credit checks to be made on companies and facilitate rapid and real-time auditing.
BC: How do you think that competition will develop following your ICO?
Hive: Competition will for sure start using block-chain and smart contract as this is a natural way to go, however the name of the game here is risk assessment algorithm. Whoever will do a better job here will win. As the market is big and nobody really serves small businesses we believe there will be a natural, big inflow of many to sole this, however few will survive.
BC: For all those who have read your white paper and are still on the fence about investing in your ICO, what can you tell them that could lead them to invest in your project?
Hive: Hive Project’s team of professionals are happy to answer all additional questions from potential investors! We are sure we can deliver on the promised milestones, creating a long term value for investors. With HVN tokens listed on exchanges as soon as possible it will also start creating value from an investment point of view