Measures absolute and relative price fluctuations over several time frames and other variables.
Calculates returns in comparison to moving averages and other factors.
Measures the ability to scale, upgrade and other technological weaknesses or strengths.
Evaluates public acceptance, participation of developers and other key factors.
The Populous website and whitepaper do not provide a roadmap for the project but Populous is a lot further along their journey than many of the projects we review. Founded in November 2016, they have just announced the planned release of their beta platform, following a successful alpha release. Even still, if trade financing does become an important part of the blockchain industry, Populous could easily be overtaken by another competitor.
The average cryptocurrency experienced extraordinary highs at the end of 2017 and a correction at the beginning of 2018; however, Populous’s token value experienced only modest gains at the end of 2017 and has been floundering at the beginning of 2018.
Populous is a smart contract invoice finance platform built on the Ethereum and RSK blockchains. The company wants to change the way to sell invoices online. They’re rebuilding invoice and trade finance block by block on the blockchain.
That’s simple enough but what about the market size? On steemit, globalvanguard reviews this point and writes, “Populous throws around big numbers mentioning a $3 trillion USD worldwide invoice financing market. The magic ingredient of their platform is EXTENSIBLE BUSINESS REPORTING LANGUAGE (XBRL) which is simply a reporting standard used in the UK since 2011. Why wouldn’t any big factoring company in the UK not already be using the XBRL format and apply algorithms to model risk?”
The assembled Populous team lacks experience. Steve Nice Williams, the founder and CEO of Populous, has business experience but not within the financial or crypto industry. Other team members seem to be in the same spot as Williams but less committed to the Populous project. It seems the public has taken notice of the weak Populous team and has reflected it in their lack of interested in token purchases.
If the blockchain revolutionizes the way we interact with each other, as it is predicted to do so, then the way we hire contract workers and conduct invoicing will evolve as well. And Populous is ready to supply us with trade financial services when we make the change.