https://www.shorouknews.com/news/view.aspx?cdate=16102017&id=4b0eb5bf-b9f1-4638-85c0-71a9e920ee70 Trade finance has been a part of the finance business since the inception of trade. Complicated b
Interoperable platform that plugs into the ecosystem of global supply chain
Risk mechanism reduces fraud risk, insurance and compliance
Costs with real time graphical visibility
Multiple point big data curation
From ERP, banking financial supply chain, blockchain big data ledgers, KYC and credit data
For offchain and special security fund plugin for invoice statement. Prospective partnerships ENvidion Fund
Transparent platform settlement
Using corda DLT financial private ledger for seamless immutable, frictionless settlements
B2B &P2B invoice funding
Data risk and trade information exchange through platform
Trade finance managers specialist team
Management Enhanced trade finance graphical marketplace
IoT tracking and goods validators
Problems & Solutions
What is trade finance?
Trade finance signifies financing for trade, and it concerns both domestic and international trade transactions. A trade transaction requires a seller of goods and services as well as a buyer.
Trade finance includes various lending intermediaries, the issuance of letters of credit, factoring, warehouse finance, export credit and insurance and more. Companies involved with trade finance include importers and exporters, banks and financiers, insurers and export credit agencies, and service providers can facilitate these transactions by financing the trade.
The problem is simple and is finally about to addressed by blockchain. Trade turns the world, this is known, but there are many pain points in the system. Banking protocols are slow and costly driven by them as a monopoly, credit scoring rating insurance as a result need upgrading with third part and logistics big data APIs. Supply chain in general antiquated and still a manual driven system, with many inefficiencies such as human error, costs and interaction, invoice fraud, double entry, processing delays, paper ledgers, counterfeiting, and as a result the lack of liquidity slowing global trade and costs in turn given to end users leading to slow growth for SMEs.
The solution is to create a marketplace where financiers engage in transparent risk free investment and meet SME global businesses to make trade flow in a fraction of the time and cost, meaning letters of credit are eradicated and business can finally easily get purchase orders fulfilled and grow GDP. A trustless transparent well risk assessed global trade ecosystem.
The mission of Envoy is to disrupt current banking protocols for factoring and supply chain trade finance using blockchain and AI technology to create a frictionless system of global trade finance. Transactions with Envoy will be faster, more cost-effective and safer than ever before, eradicating letters of credit for SMEs globally and the difficulty, time and cost it takes to obtain them. The Envoy ecosystem will allow a trusted ecosystem of trade and commerce for the commodity, softs, metals and all trade businesses, smes and financiers the world over to have this trustless marketplace enabling trade the way it should be.
Envoy is aligning itself with the best strategic and user case partners to enable private financial transactions but still enable a completely interoperable network that also allows transparency in off chain solutions within supply chain, logistics, big data making Envoy the complete one stop shop market place for financiers and businesses to help make the wheels of trade turn.
This includes banks, financiers, trade user case partners, commodities companies, shippers, freight, logistics and all related supply chain entities who rely on the financial elements. Now they will look to Envoy for this solution.
Documents, Terms & Conditions
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Terms of service can also be merely a disclaimer, especially regarding the use of websites.
Please see our journey from the past into the future of the global supply chain trade finance revolution that is Envoy.
Private fund raise
$15 million complete
over Corda framework
program initiated Live Now
Envoy Chain the trade finance market place for supply chain funding of purchase orders has completed its successful private raise reaching its hardcap of $15million and is not a public crowdsale.
Token full name : Envoy Chain
Symbol : NVOY
Token type : Utility
Sale type : Private Raise complete $15 million
Type : Stellar XLM (SSC)
Decimal places : 18
Token amount issue : 250,000,000
THE PLATFORM WILL FOCUS ON BRINGING BEST-IN-CLASS DISRUPTIVE TRADE FINANCE MANAGERS AND BLOCKCHAIN EXPERTS TO HELP DEVELOP A CREATING CUTTING EDGE MARKETPLACE PLATFORM THAT WILL SECURE NEW FUNDS
Years of combined experience
Years of blockchain experience
Recent News Posts
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Web consisting of discrete, often informal diary-style text entries posts.
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