Solutions

Stellar Blockchain Solution for Global Trade and Commerce

We help you eliminate barriers in global trade functionalities with a Stellar blockchain solution for global trade and commerce. Stellar blockchain builds trust between importers and exporters by working together on a single transparent ledger.

The Problem - Manual Contract Creation

Software Development

Buyers importing goods from other countries generally wish to pay upon receipt of the merchandise to verify its physical integrity on arrival. On the other side, exporters want to be paid when they ship goods. Therefore, to bridge the gap, a guarantee of payment is required to ensure trust between two parties.

 

The Problem- Delayed Timeline

Software Development

Currently, the shipment of goods from one country to another gets delayed due to the involvement of multiple intermediaries. The shipment has to go through multiple checks and numerous communication points.

 

The Problem - Manual Contract Creation

Software Development

Buyers importing goods from other countries generally wish to pay upon receipt of the merchandise to verify its physical integrity on arrival. On the other side, exporters want to be paid when they ship goods. Therefore, to bridge the gap, a guarantee of payment is required to ensure trust between two parties.

 

The Solutions

Software Development

Upon purchase, a sale agreement between the exporter and importer is shared with the import bank via a smart contract on the Stellar platform. Once written, smart contracts on the blockchain cannot be altered or deleted, bringing trust in the ecosystem.

The Problem- Delayed Timeline

Software Development
Currently, the shipment of goods from one country to another gets delayed due to the involvement of multiple intermediaries. The shipment has to go through multiple checks and numerous communication points.

 

The Solutions

Software Development
Contract terms embedded in stellar smart contracts eliminate the need for intermediaries and additional transaction fees, streamlining the delivery of goods and automating trade settlement.

The Solution

Software Development

Upon purchase, a sale agreement between the exporter and importer is shared with the import bank via a smart contract on the Stellar platform. Once written, smart contracts on the blockchain cannot be altered or deleted, bringing trust in the ecosystem.

The Solutions

Software Development

Contract terms embedded in stellar smart contracts eliminate the need for intermediaries and additional transaction fees, streamlining the delivery of goods and automating trade settlement.

Benefits of implementing blockchain in global trade and commerce

Software Development

Real-time Review

Financial documents linked and accessible through blockchain are reviewed and validated in real-time, reducing the time it takes to start the shipment.

Software Development

Proof of Ownership

The title available within blockchain offers transparency into the ownership and location of the goods.

Software Development

Disintermediation

Banks facilitating trade finance via blockchain do not need a trusted intermediary to assume risk, removing the need for intermediary banks.

Software Development

Regulatory Transparency

Regulators are provided a real-time view of required documents on the blockchain to help conduct AML and enforcement activities.

Looking for a blockchain-based solution for your international trade business?