Episode 60: Panel Discussion: Democratising finance for SME: The Invoice Token

About the invoice token (use case)The Invoice tokens use case is brought into the 2Tokens foundation by ABN Amro bank and supported by, among others, CMS Law, Erasmus University. The working group has an international approach and representation, and consists of many people from different sectors. To create a token standard, a balance between theoretical and field knowledge is important.An invoice is one of the most common documents used in a (business) transaction. It ranges from a simple receipt from a cash register to a highly complex document that relates to goods or services (to be) provided. Most of these invoices are not instantly paid, locking a lot of value of the issuers that can not be used in their day-to-day business operations. Tokenizing these invoices opens up many new possibilities to lend, borrow and trade these invoices, unlocking working capital for the issuers, alternative yield options for lenders and more substantiated foundations for trading, netting or bartering.Creating a token standard is the goal of the invoice token working group. The token will represent the invoice but also considers that not all information on it can be disclosed due the sensitivity of the information. The digital ledger technology can provide trust to the lending and borrowing processes related to the invoice by preventing double lending, questioning the content via zero knowledge proofs or implementation in permissioned blockchain solutions. It can be used to tap into new financial offerings like liquidity pools and other DeFi solutions. These are just a few examples of the possibilities.About the Panel Discussion GuestsBhairav Patel is the CTO of Defactor.com – a Dublin, Ireland based company. Tomaž Fleischman is one of the founders of Collaborative Finance – a Ljubljana, Slovenia based company that specialises in netting principles. Erich Schnoeckel is the captain of working group. Partner of Zaisan.io, based in Amsterdam. How to participate & contribute?2Tokens and the partners in the Invoice tokens use case are in no way omniscient. Participation by means of participation in the discussions, round tables, or co-writing the white paper is appreciated. Inviting the use-case contributors to disseminate their knowledge, discuss the benefits in your organisation or at your event will receive a warm welcome. Please contact [email protected] Discussion HostsMarleen Evertsz, CEO Founder Nxchange & Goldrepublic Alex Bausch, chairman 2TokensSubscribe to our newsletter https://share.hsforms.com/1bf2NmSX1Tp6hFgNpN8_iWQ4tojo Read more on our blog https://www.2tokens.org/newsFollow us on LinkedIn https://www.linkedin.com/company/2tokens Twitter Send us Fan MailSupport the showDo you want to join one of the use cases? Contact us via [email protected]  Read more on our blog 👉 https://www.2tokens.org/news Follow us on LinkedIn 👉 https://www.linkedin.com/company/2tokensTwitter 👉 https://twitter.com/2tokens_org?s=20 Website 👉 https://www.2tokens.org/