Hive is an endeavor to provide a stable, reliable and flexible invoice financing platform based on the blockchain technology. It has been created by a team of professionals from different industries with the basic aim to resolve the issues of liquidity that a small business face. The Hive project looks to finance the deserving small and medium industries taking advantage of the blockchain technology. Hive offers a range of cryptocurrency options to the SMBs for financing.
Hive is an individual public company founded by the largest cloud mining provider Genesis Mining. It aims to connect the blockchain sector with the traditional investment markets financing the SMBs and creating profits for the investors. Contributors receive HVN coins that is tradable in several exchanges.
Hive is the first company that is attempting to utilize the blockchain technology for invoice financing. They work with the belief that even the small businesses have the potential to contribute to the economy. Many startups fail to take off as they are unable to get loans for various reasons.
Hive uses a distributed ledger technology where all the financial information about the small business is uploaded and is retrievable easily. It has a GPU based data center where all the records of the owner, issuer, and payer are listed and offered to the public for investment. The provider will be soon offering credit checks and auditing services too.
The mining process is largely like the other cryptocurrency platforms. The GPU miners validate transactions on blockchains and are rewarded with HVN tokens. The company has the capabilities and facilities to mine several currencies that include Ethereum, Monero, Litecoin, Zcash, and more. Mined coins are deposited in selected digital wallets that are maintained in a highly secure environment. The company is exploring options for making it more reliable with insurance against all potential threats.
Investing in the Hive project can be lucrative. It has not only created a revolutionary platform but has also become a solution provider for the small and medium businesses. Its goal of becoming a leader in digital mining will see light sooner than envisaged. The company has ambitious plans and is likely to acquire about 4 data centers in the cool regions like Sweden, Iceland etc. They are now focused on establishing themselves in the market while encouraging investors and other associates. The operational costs are low as it runs on the cloud technology and works in the best mining conditions with low power costs and using the green energy resources.
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