Overview

Trade Finance

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80-90% of global trade relies on trade finance, yet there is a $1.5 trillion supply-demand gap.

This is due to various complexities in the process, such as its sprawl across multiple borders and jurisdictions and its antiquated paper-based tracking system.

Context & Challenges

80-90% of global trade relies on trade finance (American Express), yet there is a $1.5 trillion supply-demand gap. (Asian Development Bank)

This is due to various complexities in the process, such as its sprawl across multiple borders and jurisdictions and its antiquated paper-based tracking system where multiple parties are holding the same records on different paper.

The trade finance industry is prone to lengthy delays, duplicative processes, and multiple versions of the truth. Importers, exporter, shippers, and banks, must maintain independent databases, resulting in a complicated reconciliation process, and frequent duplication.

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Solution Benefits

  • Allow all parties to operate securely on a shared database updated in real-time
  • Drive a 30-40% increase in cash-flow gains throughout the production chain (Consensys)
  • Close the supply-demand gap by streamlining processes
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