This section is the core to identifying the transactions and events, and also lays the foundation for defining the channels and access control. We will cover all the remaining blockchain components in this section.
The Supplier (seller) offers to sell the receivables at a discount of 5% the value of the invoice (invoice 1 is raised to customer A) and a discount of 10% the value of the invoice (invoice 1 is raised to customer B). Supplier's Account Receivables (AR) will automatically push invoices to the blockchain network (KonsensusChainBC). AR invoices that are pushed to the blockchain network are marked with 'Pending Approval for Factoring' as milestone (status).
Following are the steps performed ...
