Looks ambitious and would be good if you can get it right. Just check a few things:
- Page 11 of the deck left part (traditional flow) - arrow of purchase order is wrong way around as it is the buyer that gives the seller the purchase order, even traditionally
- You would normally get your lines of credit right before you give the purchase order, unless this is assumed as you start with purchase order as the first step.
- Page 11 of the deck right side there is no interaction between financier and Voy indicated
- Where does the "green" part fit in as that is defined by the underlying platform
1:- Agreed, as you state for P11 of the deck, on the traditional trade flow (left side) item 1, the arrow s/b from Buyer to Seller. Thanks for highlighting, we will correct accordingly.
2:- Again, P11 of the deck, if the Buyer has an open credit line with their bank, then yes, credit will be in place before the PO is placed. enVoy financing operations are for each individual trade, not open lines (yet to be developed). We have therefore shown the PO as the definitive start of the trade with financing agreement (items 2, 3, 4) following immediately afterwards. In practice, initial discussions about the trade and financing /payment would begin in the same conversation between buyer and seller.
3:- Page 11 of the deck: All action points and steps in a transaction flow through and are controlled by the Smart Contract in Voy Pay. The locking/unlocking of tokens is automatically done by the Voy pay smart contract, thus avoiding direct interaction between financier and Smart Contract.
4:- enVoy Green , Blue and ESG form the sustainability module and interact with the token and the SCF Platform. For the SCF platform, enVoy Green and Blue provide data on the sustainability of a product, industry or supply chain, in the form of Co2 monitoring and rating, Carbon and GHG Footprint, pollution record of a vessel, ESG rating and compliance of companies (buyers, sellers, members of the supply chain, etc). This data allows all users, including financiers, to select the best-rated suppliers when making key decisions concerning product, logistics and finance. Financiers can rate a trade according to their own sustainability requirements and offer preferential “green finance” . Everything enVoy drives towards sustainability.