About PROCUREAN
Businesses today are often forced into exploitative geographic monopolies, due to their financial and infrastructural limits imposed on them on behalf of their size. Procurean will create a blockchain-driven procurement network for businesses to securely buy and sell with trusted partners worldwide, while sharing technology and transactional costs in a way that will enable businesses of all sizes to equally trade, compete and share information.
Our mission is to empower businesses to be able to trade and compete on a global scale by significantly reducing costs and risks associated with international trade and to establish a decentralized, self-regulating network of partners, who share informational infrastructure and data in a fair, transparent way, so that anyone can access and use this data.
Provide powerful insights and technology
Procurean will help empower businesses of all sizes by providing a shared technological infrastructure that will increment costs and equip them with knowledge and experience that will enable them to drive and deliver better value to their organisations.
Ensure businesses trade with trust
Procurean will enable businesses to judge potential partners based on past-experience from each previous transaction on the network while ensuring data is distributed along the network with blockchain hardened storage.
Establish a global interconnected market
Procurean will connect businesses around the world in a way that ensures buyers can always find new sellers, and sellers can discover new buyers no matter their capabilities or location.
Features
SELF-REGULATING TRUST MECHANISM
The trust rank is the biggest deciding factor for business on the Procurean network. It is, consequently, the most important leverage that business have to ensure trustul and fair behaviour from their potential buyers and sellers.
Trust rank Multi-dimensional (financial and reputational) evaluation resulting in a composite number from 1 to 10, connected to every transaction and participant on the network. Financial componentRetrieved from publicly available financial data, smart data sources, and data gathered by credit rating agencies, it reflects a businesses' liquidity, solvency, operating efficiency, and profitability. Reputational component Collected from evaluations of participants done on the network through various buyer-seller interactions. In case of disputes, a decentralized qualified majority vote of trusted and relevant partners is used to confirm (or reject) given evaluations.
Technical Info
NETWORK-WIDE IMPLEMENTATION OF BLOCKCHAIN DRIVEN INFRASTRUCTURE
Procurean network provides technological infrastructure and Procurean dApp provides easy access to all functionalities of the Procurean network for small and medium-sized enterprises (SMEs).
Procurean Network Procurean network provides implementation for blockchain-driven instruments. Every distributed application and existing ERP uses the integration API to access the network. ERP Large enterprises can use their existing, in-place ERP systems to integrate with the Procurean network and access the blockchain-driven infrastructure through the provided API and dedicated Procurean adapters. Procurean dApp (Alpha TBA) SMEs can use the cloud-based Procurean dApp to access all functionalities of the Procurean network and use tools backed with machine learning algorithms to help streamline and automate procurement processes. Visit our website for more information: https://goo.gl/rUYQuKPROCUREAN Roadmap
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2017
- SEED
The idea for the Procurean network is validated among Slovenia's leading enterprises and business managers and development begins after Procurean receives a capital investment from angel investors.
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Q3 2018
- ICO & ALPHA
Procurean network is ready for its alpha release and first users (businesses) are migrated from Gepom to test the network. Official crowd sale for Procurean tokens begin.
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Q4 2018
- BETA & SCALING
A full-featured network is ready for its beta release, and Procurean starts its business operations in the CEE region to address common issues of SMEs. Work on Procurean adapters begins to provide ERP integrations.
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2013
- GEPOM
Gepom, an e-procurement platform was founded and bootstrapped by Procurean's team. Gepom helps buyers and sellers achieve cost-savings by automating purchases of non-strategic and low sourcing priority items.