1. Cross border trade involves paper documents like Bill of Lading (BoL) and commercial invoices transacted manually between parties. The process
a) Slows down the process of cross border trade
b) Delays financing and payments between parties
c) Pushes up transaction cost

Due to the current manual process of executing the trade documents, challenges faced by the three parties are: for Shippers and Consignees – poor access to financing facilities to be able to do more business; Carriers and Logistics Providers – a cumbersome and manual process that provides a bad customer experience; Banks – a less than ideal risk assessment of the parties and transaction.

We have developed a Blockchain based cross border Trade Documentation platform called TradeTrip which is demonstrated in the online video below:

vimeo.com/388169536

TradeTrip digitises, automates and secures trade documentation across the cross border trade cycle. The salient features of TradeTrip include

a) Cross border trad...
1. Cross border trade involves paper documents like Bill of Lading (BoL) and commercial invoices transacted manually between parties. The process
a) Slows down the process of cross border trade
b) Delays financing and payments between parties
c) Pushes up transaction cost

Due to the current manual process of executing the trade documents, challenges faced by the three parties are: for Shippers and Consignees – poor access to financing facilities to be able to do more business; Carriers and Logistics Providers – a cumbersome and manual process that provides a bad customer experience; Banks – a less than ideal risk assessment of the parties and transaction.

We have developed a Blockchain based cross border Trade Documentation platform called TradeTrip which is demonstrated in the online video below:

vimeo.com/388169536

TradeTrip digitises, automates and secures trade documentation across the cross border trade cycle. The salient features of TradeTrip include

a) Cross border trade process digitisation whereby stakeholders may use TradeTrip for transfer of their trade documents electronically
b) Support for handling paper document based trade information via 2D QR codes
c) Support for using paper documents via Deep Learning based Text recognition
d) Cryptographically secure platform with unique audit enablement of transactions
e) Secure transfer of funds based on fulfillment of Letter of Credit conditions
f) Near real time status of trade documents (and soon cargo)

The platform is developed to comply with UN MLETR (Model Law on Electronic Transferable Records) principles.

TradeTrip has the below USP:
a) Team Expertise: Our team has been working with customers to develop the TradeTrip platform for the past 3 years. The team has the Technology expertise and the domain knowledge needed to undertake the project.
b) Ability of support paper documents and digital information in the same platform seamlessly (Using 2D QR codes and Deep Learning based Text Recognition)
c) Ease of integration with customer ecosystems using Rest APIs
d) Easy to use and on-boarding customers
e) Automates parts of the business process by using smart contracts. This would bring value to our customers
f) Developed with compliance to UN MLETR. As states sign on to this law, TradeTrip would be able to give our customers additional value
More information

Employees

Jacob Ninan
Admin
Jacob Ninan Product I am the Co-founder and Director. My last role was as Senior Project Manager at EBay Europe based in Zurich in the Products & Services Team.