This project is re-designing how everyone pays and receives money. Presently bills are sent out in PDF format or rely on gateways and closed loop systems. By using the bBiller system there is no re-keying of data. The BILL tokens are smart contracts which enforce invoicing terms and conditions on the parties. For example a purchase order and invoice terms and conditions along with payment details (Fiat or Crypto). End users need BILL tokens to use the Ethereum Smart Contracts. The smart contracts are sent via the bBiller system or can be used standalone. Tokens are all that are needed to operate the system.
Blockchain The standards for message interchange in global businesses is already established on the Universal Business Language. The development team are making the standard for billing operate on the Blockchain for everyone to use.
Token: BILL Document Messaging Tokens are used on the Ethereum blockchain to send business documents.
What We’re Building bBiller is a globally-available blockchain-implemented supply-chain commerce platform. Anyone can access this decentralized pay-as-you-go system without membership fees or usage commitments. Based on the international standard ISO/IEC 19845 UBL, users or organizations servicing groups of users can trigger or fulfill steps in the procurement and transportation supply-chain process defined and implemented by bBiller. Built on the Ethereum blockchain, e-business transacted with the bBiller backbone is secure, immutable and transparent, providing all parties faster access to their goods, services and payments without the involvement of intermediaries to delay the process.
Attention. There is a risk that unverified members are not actually members of the team
SummaryTo conclude, BBiller aims to solve problems within the billing industry. The team shows promise behind their project, so it will be interesting to see how they follow their roadmap within the following years.Positives Established Billing System: With BBiller, users can use Ethereum’s blockchain technology to help billing teams allocate funds better. Document Messaging Tokens: These tokens are used to help users send their private files throughout the platform. This allows users to share and receive documents without being attacked by third-party hackers. Secure Payments: BBiller provides a platform for e-business to transact and sell goods faster without the needs of intermediaries. Negatives Small Market: While it’s a good project, BBiller’s solution to the billing and supply problem is only appealing to a small market. This can lead to a lack of investor interest as time progresses. Whitepaper Presentation: The whitepaper shows good general information, but has an odd presentation. Some of the diagrams and schemes aren’t readable, making it hard for new investors to grasp BBiller’s concepts fully.
They have a lot of promises, but that also have a lot of ambiguous language that doesn’t mean anything really. I would recommend staying away from Bbiller before investing anything with them. Until they disclose more information on who they are, they are an extremely high-risk investment that should be stayed away from. This is bad pattern that has been happening with ICOs in the industry who are trying to rip people off.
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