Very soon the blockchain will destroy the modern banking system. This is the dream of almost all crypto enthusiasts and they do a lot to approach this moment. Actually, each new ICO project, directly or indirectly connected with the banking sphere, deprives the international financial corporations of the part of clients. Over time, there will be more and more such projects, and if the large banks do not start to introduce blockchain in their operations, this ‘battle’ will be lost for them. One of the projects, which intend to push the classical financial institutions, will be discussed further.

After the crisis of 2008-2009 business became more difficult to attract borrowed funds for business development. Banks began to demand significant collateral and large amounts of documentation. It affected on small and medium-size business, and the company began to resort to factoring, that is, providing funds to the supplier in return for the assignment of the monetary requirement to the buyer. But there are also nuances here. There are several steps required when verifying the authenticity of the submitted invoice. These include confirmation that invoiced services was actually delivered as claimed, inspection of operations that have direct links with invoiced service, and investigation of materials used to meet specified requirements upon which invoice was built. However, the guys from Pcore understand that if you make factoring more affordable, you can take a significant share of the market. This can be achieved, of course, through the introduction of blockchain. We will not dig too much into the details, so as not to tire the reader, let's just say that the use of blockchain technology in this process will greatly simplify the verification of counterparties, bringing it almost to automatism, and speed up operations. The Stages confirming the fulfillment of the terms of the real deal will be controlled by "oracles", and the transfer of funds will be carried out by smart contracts.

According to the data listed on the site, only three people are engaged in the project. There is no information about whether someone else is in the project. All three are co-founders, but the most notable of them, perhaps, is Vang YangPao, who holds the position of Development Manager. In addition to Pcore, he works in parallel with blockchain database at Sia Blockchain, writes bots for Telegram, Twitter and Discord, and also works with the crypto-currency projects like Dash, Ethereum, Wave, etc., however, it is not clear what role he performs. There is nothing to say about the other two members of the team, because there is almost no information about their previous experience in LinkedIn profiles. It is known only that Sezgin Aydin, the CEO, before Pcore worked at the garment Manufacturing Company for 8 years, and Akin Aydin, the marketing director, graduated from the university only in 2016. Thus, the team, to put it mildly, is not impressive. If Pcore really has only these three people, then there are doubts in the project success. 

After getting acquainted with the team we were not waiting something outstanding from the White paper but its analysis leads us to a very interesting conclusion. On the one hand, this is a rather small document with only 20 pages. Almost ¼ pages of them are devoted to the description of the procedure of financial analysis of borrowers, introduction of the system of their evaluation, the coverage of invoices, etc. The document does not have the usual for ICO pages with the distribution of tokens and received investments, there is no team description and beautiful picture with the road map, but there is the expected income and expenses in detail and a two-year forecast of the number of users of the service and also there is detailed information why after the UK startup plans to get the Chinese market, not some other country.

Such attentiveness to business processes and details testify that the white paper was written by the person or the team, really knowing the business and understanding, what actions and resources are necessary for achievement of the set purposes. 

Despite the fact that the pre-sale of Pcore tokens began a month ago (March 1), the startup has not managed to gain popularity among investors yet. In the most popular Pcore community, the Telegram team has a maximum of 2200 people. The next largest community is Facebook with less only 300 people, and Twitter has 110 subscribers. As we noted during the team review, the marketing director of the project is very young and seems to be inexperienced, which is the main reason for such modest results.

At the time of the review, Pcore was rated by only two rating agencies out of 14 analyzed by the Cryptolaboratory. However, according to their estimations their views on the project coincided. For The ICO profile Pcore got 4.1 out of 5 from ICObench and 8.5 out of 10 from ICOmarks. In addition, from ICOmarks the start-up received the maximum 10 points for the team and 7 out of 10 for social networks activity. Unfortunately no agency evaluated any other indicator, so we will focus on our own conclusions. 

Summing up the review, we can say that Pcore honestly strives to follow the covenants of the leaders of the blockchain industry about the destruction of the existing financial system and construction on its fragments the new one -without intermediaries, endless checks and exorbitant commissions. However, the team's experience and weak marketing of the project suggest insufficient preparedness to conduct the ICO. In our opinion, for startup it is worth recruiting another couple of professionals who have experience in other blockchain startups, who can better "pack" the project, after that to conduct a bright marketing company, revealing all the advantages of Pcore, and only then start selling tokens. Otherwise the team risks not to even reach the softcap.