Emissary Guild (OP)
Copper Member
Jr. Member
Offline
Activity: 100
Merit: 2
|
|
July 16, 2018, 02:11:56 PM Last edit: August 26, 2018, 10:54:35 AM by Emissary Guild |
|
ENVOY The disruptive trade finance marketplace, built to better global commerce.
Website | Whitepaper | Telegram | Facebook | Twitter | Medium | Reddit| LinkedIn
Envoy is a trade finance marketplace powered by blockchain. We have unified the old with the new by creating an interoperable platform that is both a legacy system compatible and blockchain-agnostic. Bringing together the siloed systems used by different stakeholders around the world, simplifying supply chain processes and dramatically increasing liquidity, Envoy will transform the way businesses and investors interact through advanced Know Your Customer (KYC) procedures, superior automation and by championing cross-border collaboration.
Bounty Program is Live
Building The Future Of Trade Finance On Blockchain
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.
Introducing Envoy
We are going to turn the world of trade finance on its head by creating a marketplace that will unlock previously unavailable liquidity by tokenizing access and allowing individuals and institutions to crowdfund the trade financing process. Disrupting the barriers that both buyers and sellers face to free up cash flows, and cutting out the network of affiliate banks and the mess of paperwork and commissions that goes along with it, we will make funding trades easier, more efficient and better available to businesses looking to claim their place on the world stage. What’s more, we will allow individuals, who would have otherwise been unable to do so on their own, to participate in the lucrative trade finance industry.
Powered by blockchain, Envoy will bring together stakeholders at every stage of the trade finance supply chain in a highly secure, totally transparent and risk-averse environment.Generating smart contracts that provide assurances to all parties, we will give our users the insights they need to make better financial decisions and encourage staking in businesses they believe in. By settling transactions on Corda’s cutting edge platform, friction points are finely polished and business operations smoothed to get goods moving, get them selling and get revenue streams surging.
Why Corda?
Corda was selected as the blockchain rail for the Envoy platform because it was custom built with trade finance and supply chain in mind. And with their enterprise solution rolled out on six continents and currently being used by over 200 companies, it is the largest and best supported platform in the space. An open-source solution that removes costly friction in business transactions, Corda is simple to use, relatively easy to get up and running and natively provides many essential trade finance functions and comprehensive financial settlements protocols.
Key amongst these are: ● KYC procedures ● Reference data ● Credit rating data ● Trade finance orchestrations ● Dual use goods checks ● Sanction screening services
All of which we can plug-in and use to immediately kickstart the Envoy marketplace. Utilising smart contract and blockchain technology, Corda allows businesses to reduce transaction and record-keeping costs, and to simplify business operations. These benefits lead to substantial increases in efficiency, taking businesses to a new level of productivity and gives our users the oversight they need to make better investments.
Token Allocation
ROADMAP
OCT 2017 Team and strategic partners initiated JAN 2018 Smartym development team initiated FEB 2018 Whitelist AUG 2018 Private sale Round A 30% SEPT 2018 Private sale Round B 20% SEPT 2018 Pre sale Public Round A 20% OCT 2018 Pre sale Public Round B 10% OCT 2018 Public Token Sale NOV 2018 Wallet deployment Q4 2018 Token issuance Q4 2018 Exchange listing Q4 2018 Exchange listing 2 Q4 2018 Beta testing Q2 2019 Platform deployment with asset class 1 Q3 2019 Create Asset Class 2 & 3 Q3 2019 Integrate additional underlying blockchain interoperability Q3 2019 Ensure Ratings System deployment Q3 2019 Create third-party 4 & 5(other asset classes to follow asap) Q4 2019 ENgage Engine Deployment Q4 2019 Begin pluggin in third party Security-Tokenized Funds
Bounty Program is Live
Website | Whitepaper | Telegram | Facebook | Twitter | Medium | Reddit| LinkedIn
This community is managed by the Emissary Guild Website l Telegram
|
We are the Emissary Guild.
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
auroboros
|
|
July 16, 2018, 02:15:50 PM |
|
waiting for update looks so good and promising project
|
|
|
|
|
Envoy_Team
Newbie
Offline
Activity: 27
Merit: 0
|
|
July 26, 2018, 11:36:52 AM |
|
|
|
|
|
Envoy_Team
Newbie
Offline
Activity: 27
Merit: 0
|
|
July 30, 2018, 07:54:44 AM |
|
|
|
|
|
Envoy_Team
Newbie
Offline
Activity: 27
Merit: 0
|
|
August 02, 2018, 11:31:06 AM |
|
|
|
|
|
|
dumbtool45
|
|
August 07, 2018, 08:04:29 AM |
|
I like it – very detailed OP – information is very clear and exact – I'm going to follow this thread closely – keep up the good work, It is important that all projects give the same complete information
|
|
|
|
bebum
Newbie
Offline
Activity: 154
Merit: 0
|
|
August 07, 2018, 08:16:32 AM |
|
This interesting project with the trust team and good idea! Joined and hope success
|
|
|
|
kaido19
Newbie
Offline
Activity: 154
Merit: 0
|
|
August 07, 2018, 08:59:17 AM |
|
I saw ENVOY on several ICO sites, the development is very significant and the ICO results are extraordinary, if it continues as this I think ENVOY will soon reach the top
|
|
|
|
Hoping
Member
Offline
Activity: 99
Merit: 11
|
|
August 07, 2018, 09:09:46 AM |
|
This will surely succeed!!!!!!
I am very excited to see this up!!
Keep up, guys! You are doing a great job..
|
|
|
|
Envoy_Team
Newbie
Offline
Activity: 27
Merit: 0
|
|
August 08, 2018, 03:35:45 PM |
|
I like it – very detailed OP – information is very clear and exact – I'm going to follow this thread closely – keep up the good work, It is important that all projects give the same complete information
I'm happy you feel excited about Envoy project mate! Also endeavour to follow all our social networks for timely updates. Thanks
|
|
|
|
temmuz
|
|
August 08, 2018, 03:39:52 PM |
|
It seemed a bit worth investigating.
|
|
|
|
Envoy_Team
Newbie
Offline
Activity: 27
Merit: 0
|
|
August 08, 2018, 03:44:23 PM |
|
I saw ENVOY on several ICO sites, the development is very significant and the ICO results are extraordinary, if it continues as this I think ENVOY will soon reach the top
Yes, Envoy project is piloted by a team of specialists. The team is working towards ensuring that Envoy satisfies the need of customers dealing on the financial market place. Thanks for your support.
|
|
|
|
Envoy_Team
Newbie
Offline
Activity: 27
Merit: 0
|
|
August 08, 2018, 03:55:32 PM |
|
I like it – very detailed OP – information is very clear and exact – I'm going to follow this thread closely – keep up the good work, It is important that all projects give the same complete information
I'm happy you feel excited about Envoy project mate! Also endeavour to follow all our social networks for timely updates. Thanks We're happy to receive your great support for our project. I say a big thank you.
|
|
|
|
Envoy_Team
Newbie
Offline
Activity: 27
Merit: 0
|
|
August 08, 2018, 04:03:18 PM |
|
This will surely succeed!!!!!!
I am very excited to see this up!!
Keep up, guys! You are doing a great job..
Thank you so much mate. Kindly follow all our social pages & stay tuned for more updates.
|
|
|
|
Kangheri
Newbie
Offline
Activity: 114
Merit: 0
|
|
August 08, 2018, 04:10:00 PM |
|
Seems like this work is developed;by serious developers. You even have a faucet. Nice job and I hope to stick around for greater achievements
|
|
|
|
aminajmain88
Newbie
Offline
Activity: 3
Merit: 0
|
|
August 08, 2018, 05:08:45 PM |
|
A very good project
ENVOY The disruptive trade finance marketplace, built to better global commerce.
Website | Whitepaper [soon] | Telegram | /envoytoken]Facebook | Twitter | Medium | Reddit| LinkedIn
Envoy is a trade finance marketplace powered by blockchain. We have unified the old with the new by creating an interoperable platform that is both a legacy system compatible and blockchain-agnostic. Bringing together the siloed systems used by different stakeholders around the world, simplifying supply chain processes and dramatically increasing liquidity, Envoy will transform the way businesses and investors interact through advanced Know Your Customer (KYC) procedures, superior automation and by championing cross-border collaboration.
Bounty Program is Live
Building The Future Of Trade Finance On Blockchain
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.
Introducing Envoy
We are going to turn the world of trade finance on its head by creating a marketplace that will unlock previously unavailable liquidity by tokenizing access and allowing individuals and institutions to crowdfund the trade financing process. Disrupting the barriers that both buyers and sellers face to free up cash flows, and cutting out the network of affiliate banks and the mess of paperwork and commissions that goes along with it, we will make funding trades easier, more efficient and better available to businesses looking to claim their place on the world stage. What’s more, we will allow individuals, who would have otherwise been unable to do so on their own, to participate in the lucrative trade finance industry.
Powered by blockchain, Envoy will bring together stakeholders at every stage of the trade finance supply chain in a highly secure, totally transparent and risk-averse environment.Generating smart contracts that provide assurances to all parties, we will give our users the insights they need to make better financial decisions and encourage staking in businesses they believe in. By settling transactions on Corda’s cutting edge platform, friction points are finely polished and business operations smoothed to get goods moving, get them selling and get revenue streams surging.
Why Corda?
Corda was selected as the blockchain rail for the Envoy platform because it was custom built with trade finance and supply chain in mind. And with their enterprise solution rolled out on six continents and currently being used by over 200 companies, it is the largest and best supported platform in the space. An open-source solution that removes costly friction in business transactions, Corda is simple to use, relatively easy to get up and running and natively provides many essential trade finance functions and comprehensive financial settlements protocols.
Key amongst these are: ● KYC procedures ● Reference data ● Credit rating data ● Trade finance orchestrations ● Dual use goods checks ● Sanction screening services
All of which we can plug-in and use to immediately kickstart the Envoy marketplace. Utilising smart contract and blockchain technology, Corda allows businesses to reduce transaction and record-keeping costs, and to simplify business operations. These benefits lead to substantial increases in efficiency, taking businesses to a new level of productivity and gives our users the oversight they need to make better investments.
Token Allocation
https://s8.postimg.cc/pfh191hv9/ICO_FUND_ALLOCATION.png
ROADMAP
OCT 2017 Team and strategic partners initiated JAN 2018 Smartym development team initiated FEB 2018 Whitelist AUG 2018 Private sale Round A 30% SEPT 2018 Private sale Round B 20% SEPT 2018 Pre sale Public Round A 20% OCT 2018 Pre sale Public Round B 10% OCT 2018 Public Token Sale NOV 2018 Wallet deployment Q4 2018 Token issuance Q4 2018 Exchange listing Q4 2018 Exchange listing 2 Q4 2018 Beta testing Q2 2019 Platform deployment with asset class 1 Q3 2019 Create Asset Class 2 & 3 Q3 2019 Integrate additional underlying blockchain interoperability Q3 2019 Ensure Ratings System deployment Q3 2019 Create third-party 4 & 5(other asset classes to follow asap) Q4 2019 ENgage Engine Deployment Q4 2019 Begin pluggin in third party Security-Tokenized Funds
Bounty Program is Live
Website | Whitepaper [soon] | Telegram | /envoytoken]Facebook | Twitter | Medium | Reddit| LinkedIn
This community is managed by the Emissary Guild Website l Telegram
|
|
|
|
Sebastijan
Newbie
Offline
Activity: 6
Merit: 0
|
|
August 09, 2018, 08:07:13 PM |
|
Great projekt. I like it !
|
|
|
|
Envoy_Team
Newbie
Offline
Activity: 27
Merit: 0
|
|
August 10, 2018, 10:14:08 AM |
|
Great projekt. I like it ! Thanks for your support mate... We appreciate it
|
|
|
|
noobwhosuckatlife
|
|
August 10, 2018, 10:16:38 AM |
|
Enjoy...envoy...It's 2018, guys...get creative or smth!
|
|
|
|
Envoy_Team
Newbie
Offline
Activity: 27
Merit: 0
|
|
August 12, 2018, 06:33:42 AM |
|
|
|
|
|
Envoy_Team
Newbie
Offline
Activity: 27
Merit: 0
|
|
August 13, 2018, 09:04:35 AM |
|
|
|
|
|
EvaButler512
Newbie
Offline
Activity: 32
Merit: 0
|
|
August 13, 2018, 09:15:20 AM |
|
When are the bounty in this project started? How to join?
|
|
|
|
nguyenvanann
Newbie
Offline
Activity: 17
Merit: 0
|
|
August 13, 2018, 09:18:39 AM |
|
The project has been in operation for a long time, and it is important to clarify the important issues of the project to investors
|
|
|
|
Envoy_Team
Newbie
Offline
Activity: 27
Merit: 0
|
|
August 13, 2018, 09:41:35 AM |
|
Enjoy...envoy...It's 2018, guys...get creative or smth!
Dude, why the mood? all good? I think the name was misunderstood. Envoy is from "Invoice", not from enjoy, and still- we are people full of joy. So, always liking the feedback and advices, but common! That's not a real crisis
|
|
|
|
Envoy_Team
Newbie
Offline
Activity: 27
Merit: 0
|
|
August 23, 2018, 11:34:43 AM |
|
|
|
|
|
Envoy_Team
Newbie
Offline
Activity: 27
Merit: 0
|
|
August 29, 2018, 09:15:30 AM |
|
Hello Envoy Team, Congratulations! There is excellent news for you. Your ICO Envoy is now listed on one of the most prominent ICO listing (ICO Calendar) - CoinDelite.com Your project has been reviewed and rated by our experts and has got a rating of 4.4 out of 5. You can request edit access or write to us to claim any changes. Your rating widget code is available at https://coindelite.com/widgets. Our Telegram channel has 100k plus subscribers ( https://t.me/coindelite); you may want to share your ICO there and promote your ICO. To get in touch with us, you may write to us at hello@coindelite.com or contact Garry on Telegram (@Garry_x). Best wishes, Team CoinDelite Thanks for reviewing our project. We indeed appreciate your efforts towards the publicity of Envoy. Kindly forward your details & proposals to chat@envoytoken.ioThank you!
|
|
|
|
Salesin
Newbie
Offline
Activity: 98
Merit: 0
|
|
August 30, 2018, 01:25:49 PM |
|
First project I have seen focused on trade finance. Trade finance is ripe for disrution by DLT. The team seems capable and experienced both from a dev and industry point of view.
|
|
|
|
ibiznes
Copper Member
Newbie
Offline
Activity: 98
Merit: 0
|
|
August 30, 2018, 06:36:44 PM |
|
With proper trade finance system, it can help many business that need funds quickly access investors. Good luck.
|
|
|
|
Cryptocotrader
Copper Member
Newbie
Offline
Activity: 123
Merit: 0
|
|
September 01, 2018, 08:12:56 AM |
|
Blockchain will help to reduce the time needed in scenario such as letter of credit. Good luck.
|
|
|
|
Envoy_Team
Newbie
Offline
Activity: 27
Merit: 0
|
|
September 04, 2018, 11:06:02 AM |
|
|
|
|
|
|
bakst2
|
|
September 06, 2018, 10:10:48 AM |
|
More detailed information on fixed and variable costs is needed to increase the cost of soft / medium / hard caps. This is my business.
|
|
|
|
phamthithutrang
Newbie
Offline
Activity: 266
Merit: 0
|
|
September 06, 2018, 12:56:58 PM |
|
As with any investment, trade finance comes coated in risk. With current processes still handled manually, all parties involved are opened up to issues of fraud and simple human error
|
|
|
|
HarrisPay
Jr. Member
Offline
Activity: 140
Merit: 1
|
|
September 06, 2018, 01:01:00 PM |
|
As with any investment, trade finance comes coated in risk. With current processes still handled manually, all parties involved are opened up to issues of fraud and simple human error
An often cited example is the $1.1 billion lawsuit brought against Citigroup by Rabobank Groep* (as well as other creditors and investors) after it emerged that the American corporation had falsified receivables.
|
ELONCITY ❱ ❱ ❱ ❱ Power The world for FREE! Public Sale Coming Soon │ https://eloncity.io/
|
|
|
phamthithutrang
Newbie
Offline
Activity: 266
Merit: 0
|
|
September 06, 2018, 01:04:06 PM |
|
As with any investment, trade finance comes coated in risk. With current processes still handled manually, all parties involved are opened up to issues of fraud and simple human error
An often cited example is the $1.1 billion lawsuit brought against Citigroup by Rabobank Groep* (as well as other creditors and investors) after it emerged that the American corporation had falsified receivables. Although fraud at such levels is relatively rare, there are many other exploits which opportunists can take advantage of.
|
|
|
|
Ruicosta.ac
Newbie
Offline
Activity: 112
Merit: 0
|
|
September 06, 2018, 03:57:24 PM |
|
Trade finance is ripe . But, I think this project will be hamstrung by using Ethereum blockchain for its architecture. It won't be able to process the amount of trades it has to per day without clogging the ledger and making the process inefficient. Primary target of SMEs is not going to grow the platform to take advantage of first mover status.
|
|
|
|
Anthomy
Member
Offline
Activity: 266
Merit: 10
|
|
September 06, 2018, 05:19:38 PM |
|
By following this project, let's see if the team can really do what they have planned for this one. I am very interested to be part of this project.
|
|
|
|
littlemark
Newbie
Offline
Activity: 40
Merit: 0
|
|
September 08, 2018, 09:41:52 AM |
|
One of the major risks in international trade finance is the creation of duplicate invoices
|
|
|
|
trathanh9562
Newbie
Offline
Activity: 43
Merit: 0
|
|
September 08, 2018, 09:42:19 AM |
|
One of the major risks in international trade finance is the creation of duplicate invoices
As most financiers maintain independent ledgers, fraudsters can present invoices to various creditors and secure multiple loans on the same goods without the banks finding out.
|
|
|
|
phamthithutrang
Newbie
Offline
Activity: 266
Merit: 0
|
|
September 09, 2018, 12:25:41 AM |
|
The effects of duplicate invoicing fraud are far reaching: banks have to write off millions of dollars leading to conservative future investment; buyers, unlikely to receive goods, have their commitments affected
|
|
|
|
littlemark
Newbie
Offline
Activity: 40
Merit: 0
|
|
September 09, 2018, 12:26:19 AM |
|
The effects of duplicate invoicing fraud are far reaching: banks have to write off millions of dollars leading to conservative future investment; buyers, unlikely to receive goods, have their commitments affected
Suppliers are faced with higher interest rates as financiers have to recoup losses; insurers may have to cover the cost of claims, leading to higher premiums.
|
|
|
|
trathanh9562
Newbie
Offline
Activity: 43
Merit: 0
|
|
September 11, 2018, 05:12:55 PM |
|
JP Morgan claims that Fortune 500 companies spend no less than $81 billion* annually on unnecessary working capital and supply chain costs due to trade finance activities, requiring about 36 original documents, 240 copies and the involvement of 27 entities.
|
|
|
|
littlemark
Newbie
Offline
Activity: 40
Merit: 0
|
|
September 11, 2018, 05:13:20 PM |
|
As the industry grows, and as regulatory demands increase, the costs to strengthen compliance and set in place provisions for effective risk management are expected to follow suit
|
|
|
|
T85083598
Member
Offline
Activity: 336
Merit: 10
|
|
September 12, 2018, 08:18:58 AM |
|
The subversive trading space built for better global trade is equipped with a block chain. Good luck, guys!!!!
|
|
|
|
phamthithutrang
Newbie
Offline
Activity: 266
Merit: 0
|
|
September 12, 2018, 10:57:29 AM |
|
As the industry grows, and as regulatory demands increase, the costs to strengthen compliance and set in place provisions for effective risk management are expected to follow suit
In turn, this will make it harder and more expensive for businesses to access finance, in particular affecting SMEs who constitute 20% of US and 40% of EU exports**, and who have more than 50% of their trade finance requests rejected.
|
|
|
|
daviszayn
Newbie
Offline
Activity: 140
Merit: 0
|
|
September 12, 2018, 10:58:36 AM |
|
Current trade finance platforms are not interoperable, with most parties keeping private and paper-heavy ledgers.
|
|
|
|
thedarknight789
Newbie
Offline
Activity: 140
Merit: 0
|
|
September 12, 2018, 10:58:51 AM |
|
Current trade finance platforms are not interoperable, with most parties keeping private and paper-heavy ledgers.
This leads not only to invoice fraud, as outlined above, but also obfuscates much of the supply chains that feed from trade finance.
|
|
|
|
liamclark
Jr. Member
Offline
Activity: 168
Merit: 5
|
|
September 12, 2018, 11:00:11 AM |
|
Sharing data between warehouses, manufacturers, shippers, buyers, sellers and financiers is often incredibly time-consuming, if not impossible
|
|
|
|
trathanh9562
Newbie
Offline
Activity: 43
Merit: 0
|
|
September 12, 2018, 11:06:01 AM |
|
Sharing data between warehouses, manufacturers, shippers, buyers, sellers and financiers is often incredibly time-consuming, if not impossible
Disputes, then, inherently arise causing companies to engage in costly and time-consuming resolution procedures.
|
|
|
|
liamclark
Jr. Member
Offline
Activity: 168
Merit: 5
|
|
September 12, 2018, 11:07:49 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.
|
|
|
|
Envoy_Team
Newbie
Offline
Activity: 27
Merit: 0
|
|
September 12, 2018, 11:11:07 AM |
|
7 trade finance terms you need to know! Click here to read all about it!
|
|
|
|
luksbit
|
|
September 12, 2018, 11:11:15 AM |
|
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?
|
|
|
|
bakst2
|
|
September 12, 2018, 06:50:08 PM |
|
First project I have seen focused on trade finance. The team seems capable and experienced both from a dev and industry point of view.
|
|
|
|
HarrisPay
Jr. Member
Offline
Activity: 140
Merit: 1
|
|
September 13, 2018, 08:54:30 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
|
ELONCITY ❱ ❱ ❱ ❱ Power The world for FREE! Public Sale Coming Soon │ https://eloncity.io/
|
|
|
liamclark
Jr. Member
Offline
Activity: 168
Merit: 5
|
|
September 13, 2018, 09:02:35 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.
|
|
|
|
thedarknight789
Newbie
Offline
Activity: 140
Merit: 0
|
|
September 13, 2018, 09:06:31 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*
|
|
|
|
daviszayn
Newbie
Offline
Activity: 140
Merit: 0
|
|
September 13, 2018, 09:07:12 AM |
|
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
|
|
|
|
phamthithutrang
Newbie
Offline
Activity: 266
Merit: 0
|
|
September 13, 2018, 09:07:45 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.
|
|
|
|
littlemark
Newbie
Offline
Activity: 40
Merit: 0
|
|
September 13, 2018, 09:17:31 AM Last edit: September 14, 2018, 10:33:13 AM by littlemark |
|
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.
|
|
|
|
thaidinh2849
Newbie
Offline
Activity: 37
Merit: 0
|
|
September 14, 2018, 10:34:39 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
|
|
|
|
liamclark
Jr. Member
Offline
Activity: 168
Merit: 5
|
|
September 14, 2018, 10:35:16 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
|
|
|
|
daviszayn
Newbie
Offline
Activity: 140
Merit: 0
|
|
September 14, 2018, 10:35:56 AM |
|
The closed, centralised systems that trade finance relies upon need to be made more transparent in order to prevent fraud and reduce exploitation;
|
|
|
|
phamthithutrang
Newbie
Offline
Activity: 266
Merit: 0
|
|
September 14, 2018, 10:36:55 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
|
|
|
|
amskdkd
Newbie
Offline
Activity: 44
Merit: 0
|
|
September 16, 2018, 03:02:56 AM |
|
Diminished levels of trust need to be improved upon by better connecting businesses and their data at all stages of the supply chain;
|
|
|
|
liamclark
Jr. Member
Offline
Activity: 168
Merit: 5
|
|
September 16, 2018, 03:03:40 AM |
|
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.
|
|
|
|
daviszayn
Newbie
Offline
Activity: 140
Merit: 0
|
|
September 16, 2018, 03:07:04 AM |
|
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
|
|
|
|
trathanh9562
Newbie
Offline
Activity: 43
Merit: 0
|
|
September 16, 2018, 03:07:54 AM |
|
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
|
|
|
|
amskdkd
Newbie
Offline
Activity: 44
Merit: 0
|
|
September 16, 2018, 03:08:13 AM |
|
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.
|
|
|
|
daviszayn
Newbie
Offline
Activity: 140
Merit: 0
|
|
September 17, 2018, 01:36:50 AM |
|
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
|
|
|
|
thaidinh2849
Newbie
Offline
Activity: 37
Merit: 0
|
|
September 17, 2018, 01:37:07 AM |
|
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.
|
|
|
|
Envoy_Team
Newbie
Offline
Activity: 27
Merit: 0
|
|
September 17, 2018, 10:53:46 AM |
|
|
|
|
|
Envoy_Team
Newbie
Offline
Activity: 27
Merit: 0
|
|
September 17, 2018, 11:56:47 AM |
|
Dear community, amazing news 🌟
Envoy has opened its registration gates to the community!
Visit this link to register to our website and go through the basic KYC process!
Want to see us succeed? >> Make sure to fill out the "desired NVOY purchase amount"! It will help us see where we stand.
Good luck to us all Let's rock!
|
|
|
|
thepeot88
Member
Offline
Activity: 518
Merit: 11
trusted
|
|
September 17, 2018, 02:09:23 PM |
|
I actually do think this product is important to the market and the use of blockchain is clever. The product is commercial and companies will find this useful. Good team with a good track record.
|
|
|
|
Goodtea168
Newbie
Offline
Activity: 112
Merit: 0
|
|
September 17, 2018, 03:45:55 PM |
|
I like Envoy’s vision, trade finance is a domain which can really benefit from distributed ledger technology. The team appears to have limited experience.
|
|
|
|
Envoy_Team
Newbie
Offline
Activity: 27
Merit: 0
|
|
September 18, 2018, 06:48:01 AM |
|
❗️Can't wait for our MVP to be released? We know... we couldn't wait either! That's why we have created a special teaser... just for you 😉 Have fun and let us know what you think!
https://envoytoken.io/mvp.pdf
|
|
|
|
liamclark
Jr. Member
Offline
Activity: 168
Merit: 5
|
|
September 23, 2018, 01:21:46 AM |
|
Information from both 3rd party services and the Envoy marketplace will be sent into an off-chain isolated AWS server instance that provides self-attestation and does not allow external modification once it is deployed.
|
|
|
|
|
icohunter1024
Jr. Member
Offline
Activity: 280
Merit: 6
|
|
September 23, 2018, 05:06:59 PM |
|
First project I have seen focused on trade finance. I actually do think this project is important to the market and the use of blockchain is clever. The product is commercial and companies will find this useful.
|
|
|
|
|
Envoy_Team
Newbie
Offline
Activity: 27
Merit: 0
|
|
October 08, 2018, 11:43:21 AM |
|
What's Envoy got to do with ancient Mesopotamia?! Read all about the evolution of trade finance HERE!
|
|
|
|
dickyram88
Member
Offline
Activity: 294
Merit: 10
|
|
October 14, 2018, 02:21:15 PM |
|
I actually do think this product is important to the market and the use of blockchain is clever. The product is commercial and companies will find this useful. With proper trade finance system, it can help many business that need funds quickly access investors. Blockchain will help to reduce the time needed in scenario such as letter of credit. Good team with a good track record.
|
|
|
|
Envoy_Team
Newbie
Offline
Activity: 27
Merit: 0
|
|
October 16, 2018, 02:25:52 PM |
|
|
|
|
|
Envoy_Team
Newbie
Offline
Activity: 27
Merit: 0
|
|
October 21, 2018, 09:11:42 AM |
|
✌️Two ways to participate in Envoy’s trade finance marketplace »
Read what they are HERE!
|
|
|
|
Envoy_Team
Newbie
Offline
Activity: 27
Merit: 0
|
|
November 06, 2018, 09:50:21 AM |
|
🗣 We are excited to share that Envoy now has 7 new advisors! ➡️ Josef Afram, Isra Garcia, Victor Ronco, Timo Trippler, Cooz Komei Tokita, James Mcdonald and Joaquín López Lérida welcome to the team! We hope to do great things together.
Read the full announcement HERE!
|
|
|
|
Corey031
|
|
December 26, 2018, 07:10:07 PM |
|
Envoy has been listed on wings.ai and is available for forecasting. How much will raise from its token sale? Please show your support for Envoy and submit your forecast! To learn more: bit.ly/2CBX5s1
|
|
|
|
miyamotomusasi
Newbie
Offline
Activity: 4
Merit: 0
|
|
August 24, 2022, 04:21:12 AM |
|
What a post I've been looking for! I'm very happy to finally read this post. Thank you very much. Can I refer to your post on my website? Your post touched me a lot and helped me a lot. If you have any questions, please visit my site and read what kind of posts I am posting. I am sure it will be interesting. 먹튀검증사이트
|
|
|
|
royalfestus
|
|
October 26, 2022, 08:47:05 PM Last edit: October 27, 2022, 10:58:43 AM by royalfestus |
|
Envoy is adding a lot of developments 1. The coin will be the first on xdcnetwork and launched on xswapprotocol https://xdc.sale/2. There is change in the name of the project to njoy, so also applied to all the social media channels At the moment the project is not listed on any exchange but there are chances with the recent activities on the social media to convince some partners
|
|
|
|
|