The trade finance ecosystem remains an opaque and fragmented industry heavily dominated by paper processing and multiple participants along the transaction lifecycle. The antiquated processes burden all of the companies involved—banks, importers and exporters, insurers, export credit agencies and various service providers. With rising costs and operational risk, the industry has been seeking solutions to simplify, better manage, and digitize trade, making it ripe for the benefits of blockchain technology.
Founder and CEO, CryptoBLK
Founder and CEO, Kratos Innovation Labs
Contour is the digital trade network of the world’s leading trade banks, harnessing Corda Enterprise to bring transformational efficiencies to documentary trade. Following 14 public live pilots in 14 countries, Contour has proven to reduce end-to-end processing time for LC’s by 90% or more, simplifying the process for all participants and enabling new business opportunities for banks, corporates and trade ecosystem players. After two years of extensive testing, Contour moved into live production in October 2020.
Digital Venture's supply chain management platform - Blockchain for Procure-to-Pay (B2P) - powered by Corda Enterprise - is poised to revolutionize the efficiency of global trade. It is the world’s first fully integrated blockchain solution for Procure-to-Pay.