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

[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.

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[thaidinh2849]

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]

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]

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

[phamthithutrang]

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]

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

[liamclark]

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]

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]

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]

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]

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]

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]

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!

[Envoy_Team]

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]

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]

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]

❗️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]

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.

[Envoy_Team]

👓Here is an article about how Envoy Blockchain technology is reshaping the trade finance processes! Enjoy >>
https://medium.com/@naviinkapoor/blockchain-technology-reshaping-the-trade-finance-processes-852130f4cacf

[icohunter1024]

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.