The aim of the project is to create an EscrowBlock platform for the Ethereum network blockchain. Such a platform can work as an independent environment, or be integrated into other Smart contracts, to provide escrow services as part of any other projects. The team will start the project on Mainnet Ethereum blockchain and then make a fork for providing an independent service.

The current supply chain industry is a $64 trillion market that employs millions around the world. Planport is building a decentralized business-to-business platform for the supply chain industry and our initial product focuses on procurement and its components. Procurement is one of the core sectors of the supply chain industry. It involves buying of goods and services that enable organizations to carry out their day-to-day operations. Someone involved in procurement may be responsible for sourcing raw materials from suppliers globally and bringing them into an organization by working with C-level executives, finance and engineering as well as external suppliers. While procurement is a vital aspect of operations, the process has critical problems that are costly for all businesses from small companies to big corporations. The obstacles include legacy systems with inefficient and closed networks that are expensive, risky and time-consuming, cash flow problems that take weeks or months, contractual nightmares, poor supplier management and closed and centralized access to goods and services. A company spends 30 to 70% of its revenue on outsourced goods and services, yet many still underinvest. The Planport Platform powered by the PORT token aims to solve these problems by unifying the entire procurement process end-to-end and empowering enterprises and suppliers using a decentralized business-to-business network in the supply chain industry. Buyers and sellers can use the platform for procurement, auctions, payments, and contract management. At the end of the supplier and buyer interaction, our invoice marketplace enables suppliers to push invoices to a network of global investors where they can access a diverse range of funders. This marketplace is built on the Blockchain distributed technology allowing participants to have a secure and efficient way to settle trade finance assets in the $3 trillion factoring industry. Planport, as part of Planport Platform, has built and is building the following products: Planport RFX - a procurement product for buyers and sellers. Planport Supplier Manager - a product for enterprises to communicate with and assess suppliers. Planport Auctions - a product for performing reverse auctions with multiple suppliers. Planport Payment Systems - a payment system empowered by the PORT token for business-to-business payments. Planport Contracts - a full contract management product for creation, storage, and discovery of contracts. Planport Experts Networks - an on-demand network of supply chain experts for enterprises. Plnaport Invoice Marketplace - a trade finance network for suppliers. Planport will revolutionise the supply chain industry by building a platform that streamlines the processes and is built on trust, mutual benefit and user-centric as part of the Web 3.0 by using the Blockchain technology.

This exchange allows transmission of encrypted and secure documentation, restricting access to third parties and offering access management to these creditable transfers, through an auditable, verifable and secure P2P transaction. These transmissions will be made through a distributed network of nodes located in the main European DPCs, guaranteeing 24x7 availability of information as well as protection against information loss thanks to the redundancy of our distributed network.

Verifier is an innovative technology designed to verify identity, events, deals, and any other kind of data. This is a blockchain based solution that verifies data quickly, accurately, trustworthy, and securely.

By accepting to share their shopping data with the network, a shopper earns reward tokens, while the data is used by retailers to build redemption offers that best suit each customer’s needs. Shoppers can redeem their tokens through these exclusive and personalized offers.