Blockchain Industry SWOT Analysis — Global Trade Finance
Everyone says the blockchain, the technology underpinning cryptocurrencies such as bitcoin, is going to change everything. And yet, after years of tireless effort and billions of dollars invested, nobody has actually come up with a use for the blockchain — besides currency speculation and illegal transactions.
Whilst we have to admit that blockchain is still in its infancy. Many issues like unwanted centralization, slow transaction verification times and low throughput aren’t easy to solve. We have to try and find a happy medium between security and speed.
Many use cases of supply chain management using blockchain have been proposed, built and tested. But, did they think twice about this decision, or are they just driven by the hype? Let’s create a simple SWOT analysis to get a better image of blockchain in global trade finance.
https://medium.com/@ModulTrade/blockchain-industry-swot-analysis-global-trade-finance-bf04c9b2d27d
Topic: [ANN][PRE-ICO] 🚀🚀 ModulTrade : The Freedom To Trade 🚀🚀 - page 187. (Read 91965 times)
Would be really great to see you trade on KuCoin after finished ICO.
Do we already have some confirmed exchanges so far?
Do we already have some confirmed exchanges so far?
hehe, i guess, etherdelta is confirmed for this erc20 token
but you are right. would be nice to see this on kucoin first!
Normally I am fine with ED as first exchange, as tokens can be traded there anyways. But currently I really hate ED... The fees get horrible these days, the site is not properly loading and then they made this stupid shit with an own ICO... wish there would come an alternative exchange for ED.
Really good to hear advice on this topic, the expected recovery has arrived and for sure we will have a stampede of recovery gains for application in the Icos, very good to be attentive to the topics of the projects that we wish to join, only rewards, I hope many of ModulTrade
hopefully this dip won't affect MT. it's good that there's a recovery of the markets so fast, I think that's good news for this project.
The market is already recovering indeed. I think moduletrade is going to be fine for what concern the remaining days of the ico. They also have already secured a good amount of money
how many Phase will run on ICO? right now phase 4 ICO is running. and modultrade raised very good capital.
This is the last one I think. ICO will be finished in the end of January. So only around one week left.
Yes, the ModulTrade token sale will close on January 27th, so a bit less than 2 weeks left.
They have raised over 10mm Dollars already and there are 2 weeks to go. That's already a great result.
That's a no surprise, ModulTrade already has a working platform with real life transactions. Not many projects are that far in this stage. Besides, trading industry is one of the most significant ones, so there will always be demand and supply.
they sold some goods on the platform already? By what currencies? ETH or BTC? Can you give me link please for this purchases?
By this, you guys are talking about token sales or sales of the working platform of Modultrade?
As i understand correctly they have some sales on their platform?
You can check it here : https://product.modultrade.com/
Is the ICO price pegged to ETH or USD? If its pegged to ETH its good for investors that they can buy cheaper eth now to invest
Is in ETH . 1 ETH = 700 MTRc , so today 100MTRc =~ 100 $
Thank you for the question.
I think what is important here to understand is that MTRC is an utility token and based on that concept, it doesn't propose any dividends.
So the tokens holders may benefit from the token price growth apart from the general use like means of payment on the platform.
Hello boys and girls!
We have only 10 days to come to the end of our Token Sale.
Become a part of revolution in Global Trade: https://en.modultrade.io/
Just found out about this project, i need to read more about it. At least i see i still have time to join the party.
Hello,
you're very much welcome!
Join us at modultrade.io
And we're also available through the following channels
Telegram: https://t.me/ModulTradeIO
Facebook https://www.facebook.com/modultrade/
Twitter https://twitter.com/ModulTrade
Check it out for latest news and developments.
Is the ICO price pegged to ETH or USD? If its pegged to ETH its good for investors that they can buy cheaper eth now to invest
Is in ETH . 1 ETH = 700 MTRc , so today 100MTRc =~ 100 $
ModulTrade is a service, a platform and an ecosystem that gives micro, small and medium enterprises an opportunity to trade globally while delegating all related end-to-end trade hassle to ModulTrade and its partners at low costs. This will open them up to new business opportunities and partnerships, allow to increase sales and trade without borders. All that without serious investments and with little to no administrative hassle of international trade operations.
Hello boys and girls!
We have only 10 days to come to the end of our Token Sale.
Become a part of revolution in Global Trade: https://en.modultrade.io/
Is the ICO price pegged to ETH or USD? If its pegged to ETH its good for investors that they can buy cheaper eth now to invest
I remembered a sentence from their website 1 ETH = 700 MTR if that's what you are asking for.
Right now telegram admin Vitaly only said that they sealed the deal with Ether Delta and there are more exchanges to come in the near future. Kucoin will increase their popularity which is well deserved.
Final number as of now is 8950 ETH raised so far for the ICO
At the end this risk is everywhere you use any kind of coins.
If you just wait a bit for delivers or after there will be a change with advantage for buyer or seller.
There have to be the possibility to adjust the proce autoamtically, otherwise it is not bood for the seller
If you just wait a bit for delivers or after there will be a change with advantage for buyer or seller.
There have to be the possibility to adjust the proce autoamtically, otherwise it is not bood for the seller
Seeing this synthesizer offered for 5 ETH on the platform, I'm asking myself if there's some mechanism that deals with big changes in exchange rates?
So let's say I buy this synthesizer for 5 ETH when the ETH equal $5,000. 3 weeks later, when it gets delivered these ETH are worth $7500. Is this buyers/sellers risk or could you peg the payment to a dollar value?
mmm... weird question... currently all values are down, but remember the 2 pizza's that were bought with 1 btc So let's say I buy this synthesizer for 5 ETH when the ETH equal $5,000. 3 weeks later, when it gets delivered these ETH are worth $7500. Is this buyers/sellers risk or could you peg the payment to a dollar value?
)You would have a lot of pizza by now for that 1 btc... don't think there will be a system that lowers the prize for that item, or better let's you pay less coin for the item.
that's the thing about currencies... they fluctuate but pricing mostly does not follow this trend
Would be really great to see you trade on KuCoin after finished ICO.
Do we already have some confirmed exchanges so far?
Do we already have some confirmed exchanges so far?
Still too early i think is going to be announced by the exchange itself when will be publicly known
Seeing this synthesizer offered for 5 ETH on the platform, I'm asking myself if there's some mechanism that deals with big changes in exchange rates?
So let's say I buy this synthesizer for 5 ETH when the ETH equal $5,000. 3 weeks later, when it gets delivered these ETH are worth $7500. Is this buyers/sellers risk or could you peg the payment to a dollar value?
So let's say I buy this synthesizer for 5 ETH when the ETH equal $5,000. 3 weeks later, when it gets delivered these ETH are worth $7500. Is this buyers/sellers risk or could you peg the payment to a dollar value?
after the alpha or beta release, people will see the true potential of the system, and hopefully they'll enter to Modultrade world. When this happens, first investors in here will get very high returns to their investments.
When this release will be available for users to test it ?
Hello.
It's available for users since last November. And we've got a trail of successful transactions executed on the platform with smart-contract and settlement in ETH.
So you're very welcome to come and try it yourself at product.modultrade.com
And we appreciate your feedback at [email protected]!
Have a great day ahead!
I saw that only one contract remained on the MT platform.Does anyone from this thread made a trade on the platform? I'm curious how the trade went.
Platform is not running yet and it works in the presentation mode, I think after ICO ending and listing - contracts will be concluded and platform will be launched.Hello.
What is your confusion about?
You may definitely come and try it yourself at product.modultrade.com
I find this project very promising as it addresses the needs of small enterprises by eliminating the traditional barriers for entry in the global trade. But is the total amount and price of module token slated for token sale.
20 000 000 MTRc is for the ModulTrade token sale and its token price is 1 MTRc = 1ETH/700
For more details you can visit: https://en.modultrade.io/ and also download the: https://en.modultrade.io/MT_Token_Sale_One_Pager.pdf?v2
how many Phase will run on ICO? right now phase 4 ICO is running. and modultrade raised very good capital.
This is the last one I think. ICO will be finished in the end of January. So only around one week left.
Yes, the ModulTrade token sale will close on January 27th, so a bit less than 2 weeks left.
How Blockchain Can Restore Trust in Global Trade
During a time when transparency matters more than ever, enter blockchain.
Global trade does have a problem, with a global trade finance gap of about $1.6 trillion globally (source) and 56% of SME trade finance proposals are rejected. The root of the problem lies in the lack of trust between counterparties who don’t know each other and the typical solution is the letter of credit (LoC), that is outrageously costly (up to 4–15%).
It harms businesses and consumers alike. Those involved in international trade — whether manufacturers, trading houses, transportation companies or banks — are seeking ways to ease the situation and cut time and costs.
The process — from issuing to approval of the letter of credit, which usually takes between seven and 10 days — could be reduced to less than four hours when using blockchain.
A common trade finance offering provided by banks, and increasingly by alternative financial services providers, is known as factoring, and involves a bank paying the seller of goods before the buyer of those goods makes the payment. Naturally, banks charge rates — typically 4 percent to as high as 8 percent — to the supplier for this service, but assume the risk that the buyer delays payment or even defaults. Despite that protection, factoring is a costly undertaking for suppliers, eating significantly into margins and introducing an element of insecurity to the payment picture.
And setting risk aside, processing costs related to manual work, document collection and coordination of remittances are high.
Blockchain has the power to reduce risk, costs and time for both parties, without the need of a bank cutting your profit margins.
Modultrade, our initiative, tries to reduce risk by enforcing trust on the platform we are developing. We aim for helping MSMEs to meet, commit and execute trade globally easily, in a trustful and efficiently manner. The use of smart contracts acting as an escrow service is our main focus because they have the power to reduce risk and costs for both parties. The simplified workflow of the smart contract is as follows.
1) The Buyer deposits funds into the smart contract which acts as an escrow agent.
2) Funds are locked in the smart contract until release conditions are met to impose trust.
3) Funds are released to the Seller upon successful delivery in a specified time horizon.
4) Funds are released to the Buyer if no delivery occurs in a specified time horizon.
[img*]https://cdn-images-1.medium.com/max/1000/1*BhnVTag1ja78-u5TR7062Q.png[/img]
A fee is still required when using the escrow service, however this will be a much lower fee than traditional fees charged by banks to deliver this service. ModulTrade just requires a 1% fee, which will be paid with the internal currency MTRc (ModulTrade token), issued by ModulTrade. The MTRc token will act as an efficient instrument of value exchange in the ModulTrade ecosystem.
Begin to restore trust in Global Trade!
Find out more about ModulTrade and our Token Sale at https://en.modultrade.io
Join us on telegram: https://t.me/ModulTradeIO
Follow us on Facebook https://www.facebook.com/modultrade/ and Twitter https://twitter.com/ModulTrade for latest news and developments.
I like it, 1% fee to sell your items should get a lot of attection. It just matter of building the user base and people will come.
how many Phase will run on ICO? right now phase 4 ICO is running. and modultrade raised very good capital.
This is the last one I think. ICO will be finished in the end of January. So only around one week left.
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