[ICO][ANN] 🌐 ENVOY - a decentralised trade finance marketplace 🌐 - page 2.

Envoy_Team

newbie

Activity: 27

Merit: 0

Check out the GREAT Rating Envoy got from ICObench!

Website: https://icobench.com/ico/envoy/ratings#ratings
Telegram: https://t.me/joinchat/EeNzU05

THANK YOU!

thaidinh2849

newbie

Activity: 37

Merit: 0

Quote from: daviszayn on September 16, 2018, 08:36:50 PM

Once a transaction happens on the blockchain, it is validated, secured cryptographically with a time stamp, and a copy of the altered ledger is distributed to all nodes of the system

The sovereignty of a deal is then protected by preventing anyone tampering with the entry. This is known as immutability.

daviszayn

newbie

Activity: 140

Merit: 0

Once a transaction happens on the blockchain, it is validated, secured cryptographically with a time stamp, and a copy of the altered ledger is distributed to all nodes of the system

amskdkd

newbie

Activity: 44

Merit: 0

Quote from: trathanh9562 on September 15, 2018, 10:07:54 PM

Quote from: daviszayn on September 15, 2018, 10:07:04 PM

Blockchain is the panacea to trade finance’s pain points. A type of distributed ledger technology (DLT), blockchain can be used to record the details of transactions, apply cryptography to the data and then distribute the updated ledger across the network for all to see

For this reason, it is the perfect solution for trade finance and supply chains because, much like complex supply chains themselves, the data isn’t centralised

There isn’t one clear or dominant owner who controls all elements, and information added to the blockchain must be validated by consensus.

trathanh9562

newbie

Activity: 43

Merit: 0

Quote from: daviszayn on September 15, 2018, 10:07:04 PM

Blockchain is the panacea to trade finance’s pain points. A type of distributed ledger technology (DLT), blockchain can be used to record the details of transactions, apply cryptography to the data and then distribute the updated ledger across the network for all to see

For this reason, it is the perfect solution for trade finance and supply chains because, much like complex supply chains themselves, the data isn’t centralised

daviszayn

newbie

Activity: 140

Merit: 0

Blockchain is the panacea to trade finance’s pain points. A type of distributed ledger technology (DLT), blockchain can be used to record the details of transactions, apply cryptography to the data and then distribute the updated ledger across the network for all to see

liamclark

jr. member

Activity: 168

Merit: 5

Quote from: amskdkd on September 15, 2018, 10:02:56 PM

Diminished levels of trust need to be improved upon by better connecting businesses and their data at all stages of the supply chain;

Efficiency must be greatly improved so that deals can be done quicker and made more profitable.

amskdkd

newbie

Activity: 44

Merit: 0

Diminished levels of trust need to be improved upon by better connecting businesses and their data at all stages of the supply chain;

phamthithutrang

newbie

Activity: 266

Merit: 0

Quote from: daviszayn on September 14, 2018, 05:35:56 AM

The closed, centralised systems that trade finance relies upon need to be made more transparent in order to prevent fraud and reduce exploitation;

Risk needs to be better mitigated to open up finance for MSMEs, and allow access to huge revenue streams for financiers

daviszayn

newbie

Activity: 140

Merit: 0

The closed, centralised systems that trade finance relies upon need to be made more transparent in order to prevent fraud and reduce exploitation;

liamclark

jr. member

Activity: 168

Merit: 5

Quote from: thaidinh2849 on September 14, 2018, 05:34:39 AM

Quote from: littlemark on September 13, 2018, 04:17:31 AM

The importance of trade finance for global commerce is undeniable. With numbers ranging from the millions to the trillions, it is an industry relied upon not only to facilitate international trade and build business, but to grow economies.

Whilst past iterations of trade finance did a good job of bridging the gap between importers and exporters, the world has changed

Embracing digitalisation is no longer an option, and its archaic processes must be modernised before they do any more damage

thaidinh2849

newbie

Activity: 37

Merit: 0

Quote from: littlemark on September 13, 2018, 04:17:31 AM

The importance of trade finance for global commerce is undeniable. With numbers ranging from the millions to the trillions, it is an industry relied upon not only to facilitate international trade and build business, but to grow economies.

Whilst past iterations of trade finance did a good job of bridging the gap between importers and exporters, the world has changed

littlemark

newbie

Activity: 40

Merit: 0

The importance of trade finance for global commerce is undeniable. With numbers ranging from the millions to the trillions, it is an industry relied upon not only to facilitate international trade and build business, but to grow economies.

phamthithutrang

newbie

Activity: 266

Merit: 0

Quote from: thedarknight789 on September 13, 2018, 04:06:31 AM

Money is being left on the table due to slow moving and heavily laden legacy systems. A survey from the Asian Development Bank estimates that the trade finance gap is an astounding $1.6 trillion, whilst International Finance Corporation suggests that MSMEs face a finance gap of between $2.1 to $2.6 trillion*

There, small national banking sectors and a lack of interest from global institutions are hampering not only business development but economic growth.

daviszayn

newbie

Activity: 140

Merit: 0

It is these smaller businesses that are facing the greatest obstacles of accessing affordable finance. This is the case in both developed and developing nations, though the impact is far more substantial in lower income countries

thedarknight789

newbie

Activity: 140

Merit: 0

Money is being left on the table due to slow moving and heavily laden legacy systems. A survey from the Asian Development Bank estimates that the trade finance gap is an astounding $1.6 trillion, whilst International Finance Corporation suggests that MSMEs face a finance gap of between $2.1 to $2.6 trillion*

liamclark

jr. member

Activity: 168

Merit: 5

Quote from: HarrisPay on September 13, 2018, 03:54:30 AM

Quote from: liamclark on September 12, 2018, 06:07:49 AM

Moreover, it is difficult to discover and investigate possible illegal supply chain connected activities such as counterfeiting, forced labour, poor conditions in factories, or revenues used to fund war crimes and criminal groups.

Trade finance is haunted by analogue operations. Most processes are still manually programmed and, where digitalisation has managed to penetrate the industry, market uptake has been slow, mostly down to issues with scalability and flexibility which current platforms have not managed to deal with

Typically, this means that time is wasted on unnecessary hand-holding, due diligence and compliance.

HarrisPay

jr. member

Activity: 140

Merit: 1

Quote from: liamclark on September 12, 2018, 06:07:49 AM

Moreover, it is difficult to discover and investigate possible illegal supply chain connected activities such as counterfeiting, forced labour, poor conditions in factories, or revenues used to fund war crimes and criminal groups.

Trade finance is haunted by analogue operations. Most processes are still manually programmed and, where digitalisation has managed to penetrate the industry, market uptake has been slow, mostly down to issues with scalability and flexibility which current platforms have not managed to deal with

bakst2

full member

Activity: 392

Merit: 100

First project I have seen focused on trade finance. The team seems capable and experienced both from a dev and industry point of view. Shocked

luksbit

sr. member

Activity: 1204

Merit: 252

In ICO will the value of the token be fixed as reported on the webiste, or according to the quotation of the ethereum at the time of the purchase of tokens?

Topic: [ICO][ANN] 🌐 ENVOY - a decentralised trade finance marketplace 🌐 - page 2. (Read 2453 times)