The global trade ecosystem remains an opaque and fragmented industry still heavily dominated by paper processing and multiple participants along the transaction lifecycle. The resulting supply chain processes are a burden on all of the companies involved—banks, importers and exporters, insurers, export credit agencies and various service providers. The industry has been seeking solutions to simplify, better manage, and digitize trade, making it ripe for the benefits of blockchain technology.
Data provenance is visible and verified by all counterparties
Smart contracts allow legal representation of trade documents for execution of global trade transactions
Regulatory compliance is simplified through real time auditing in the business logic flow
Access to the largest networks of carriers, freight forwarders, inspection agents, chambers of commerce and other trade facilitators, in partnership with Bolero and essDOCS
Hot on the heels of completing live trade finance transactions on the Marco Polo network in April 2019, we have licensed Corda Enterprise to support the next steps on our journey. The ability to host nodes behind corporate firewalls, combined with the additional deployment and support services build on the platform’s strength in delivering interoperability, security and privacy and will help to scale up the network as the ecosystem grows.
At CryptoBLK, we are constantly striving to make transactions safer, smarter and faster for everyone in the supply chain financing. This is why we chose to develop our trade finance solution on Corda, opening up seamless connectivity across multiple trade networks.
Founder and CEO, CryptoBLK
A supply chain solution, enabling manufacturers and producers to prove the authenticity of their products across variety of industries, including agriculture and automotive
The world’s first fully integrated procure-to-pay on Corda, introducing efficiency to the supply chain management process, with invoice and PO financing
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Monetago's invoice fingerprinting solution to mitigate the risk of duplicate financing and authenticate invoices against goods and services tax
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The open platform for documentary trade. Voltron enables the end-to-end processing of a letter of credit, enabling faster settlements, reduced complexity and paperwork through a simplified, single channel
X-DeFraud prevents fraud by storing all the supporting documents in a trading cycle in an encrypted format on a tamper proof blockchain platform
R3 is working with CryptoBLK, HSBC and multiple other banks and corporations to revolutionize and revitalize trade finance letters of credit, using the power of the Corda blockchain platform.