Throughout this book, you learned a lot about Hyperledger Fabric and the Blockchain Cloud Service of Oracle. So, it would be great to discuss the first blockchain production network using Fabric. In April 2018, a company called MonetaGo (https://monetago.com/) went live with a blockchain that provided secure, fraud-proof factoring of invoices for micro, small, and medium-sized enterprises in India.
You might ask, "What does factoring mean?" Let me explain this term.
Invoice factoring is a financial transaction and a type of financing option available to businesses that invoice business (B2B) or government agencies. Factoring provides short-term working capital to businesses in exchange for selling their ...
