International trade is integral to the world economy, but doing global business comes with significant costs and exposes all parties to numerous business risks without any real coverage. Procurean was designed to put trust back into business transactions and to drive new value and transform digital procurement in a way that was unprecedented before access to low-cost computing power, big data collection and digitalization combined with data strengthened by blockchain technology. By acquiring easy access
to market information, knowledge and leverage against known or unknown business partners, businesses can unlock new levels of cost efficiency; benefit from significantly lower procurement transaction and friction costs; mitigate or completely remove business risks associated with international and crossborder trade; and transform procurement from a cost to a profit center.
Gepom, an e-procurement platform was founded and bootstrapped by Procurean's team. Gepom helps buyers and sellers achieve cost-savings by automating purchases of non-strategic and low sourcing priority items.
The idea for the Procurean network is validated among Slovenia's leading enterprises and business managers and development begins after Procurean receives a capital investment from angel investors.
ICO & Alpha
Procurean is ready for its alpha release and first users (businesses) are migrated from Gepom to test the network. Official crowd sale for Procurean tokens begin.
Beta & Scaling
A full-featured network is ready for its beta release, and Procurean starts its business operations in the CEE region to address common issues of SMEs. Work on Procurean adapters begins to provide ERP integrations.