Amplify mission & vision: are you in or out?📍 What do global markets look like today? A huge portion of the supply chain cannot get credit. Financial institutions hardly grant credit down the value chain (2nd and 3rd level suppliers).
Why? Traditional credit-granting mechanisms rely on the credit rating of the 1st level enterprises (core enterprises) - If and when non-core enterprises get credit, the costs associated with the grant are too high.
📍 Another problem is that it is difficult to verify the authenticity of trading transactions. Supply chain finance is based on the credit rating of core enterprises. However, financial institutions must verify the authenticity of the whole trade flow, which is expensive, inefficient and unreliable.
📍 As a result, the financing and risk costs are high. The capital liquidity is poor. Traditional financial institutions’ model is very centralized and limited to core enterprises. Non-core enterprises — especially SMEs —suffer therefore of inefficiency in credit granting, difficulties in clearing settlement, backward multi-party cooperation system and review system.
📍 We see the future of the market as completely different! This is exactly why we leverage new technologies such as blockchain and smart contracts to build a new reality, where everything is transparent, simple, and inexpensive. Every transaction is easily verifiable. We will bring together the benefits of on-chain protocols (governance, liquidity, traceability) with off-chain stakeholders (legal & accounting firms, financial institutions, etc.) to ensure the value safety and legitimacy of the on-chain assets.
📍 Do you support our vision and want to help in reforming and developing the business lending market and the economy as a whole? If the answer is yes — support us by talking about us!
