Blockchain Trade Finance
Join our blockchain platform and enhance your digital reach.
Original Article from Global Trade Review published on 11th Sep 2019 by Sanne Wass The dltledgers platform...
Press release approved on 3rd Sep 2019. The UAE’s Abu Dhabi Commercial Bank (ADCB) has digitised trade...
Original article from: https://ledgerinsights.com and this article can be found at:...
Extend your trade finance offering
Go digital and extend your client base
We act as an extended channel, offering blockchain based trade finance products and services for several banks in the region. Banks and financial institutions are co-innovating with us in offering better services to their customers.
Traders and MNCs which operate across countries need a secure, digitized and fast transfer of banking services across multiple parties. We perform live trade with several banks today. As a trade network platform in blockchain, we welcome banks all over the world to join our network to offer services to your customers.
The traders and supply chain managers in our network need continuous and easy access to trade finance. Our network provides a platform where our users can shop and engage your services, fulfilling mission critical tasks. We already have a number of banks and financial institutions on board today in our live network.
Global trade finance organizations or digital transformation leads in banks can reach out to us and we will plug you into our platform. To get started, just contact us and it will be our pleasure to welcome you into the network.
Some of the products you could offer the traders, on our blockchain platform are:
- Digital Trade Finance
- Factoring or Accounts Receivable Purchase(ARP)
- Interbank LC Processing
- Accounts Payable Financing(APF)
- Trust Receipt Financing
Talk to us and sign up at dlt.sg for offering trade finance innovations to your customers.
How Blockchain is Changing Trade Finance.
A conversation on Blockchain between Traders and Bankers
Featured Client Success Story
A Time To Leave Old Problems Behind
Schneider Electric has been in business for a long time and has always had to deal with the challenges of managing an increasingly complex supply chain. Makeshift methods and tools used to manage this incredibly complex network of 51 chip manufacturers and 4 fabricators include emails, phone calls and instant messaging. Transparency and visibility were highly lacking and unexpected delays had huge consequences due to lack of sufficient time to respond.
Schneider Electric decided the time had come to take their supply chain into the future and contacted us to build a solution for them.
Putting The Pieces In Place
We designed a pilot project to solve all of Schneider’s concerns and hit their desired targets. It was decided that the pilot project will involve Flextronics, one of their main suppliers. It had to be relatively cost effective and also be ready to go in a reasonable amount of time. In just four months at a cost of under a million Singapore dollars, DLT Ledgers had a system ready to go and it was named EC Hub.
Plug And Play
Many of the chip manufacturers and fabricators in Schneider Electric’s network were using different ERP software and we designed a universal automatic interface that could be plugged in, configured and be up and running in only five days. This streamlined the time it took to get the manufacturers and fabricators into the system, saving a tremendous amount of time and money as compared to other competing solutions.
With all the pieces in place and modules built and configured, Schneider Electric put EC Hub in action. EC Hub performed beautifully and met and exceeded all of their expectations. Every process and component was tracked and the supply chain worked flawlessly.
With this successful implementation, Schneider Electric effectively proved that the concept works, saving large amounts of man hours and resources. Future phases have started being implemented to include all of their chip manufacturers and fabricators to completely bring their supply chain into EC Hub. Working with us Schneider Electric gained these previously unattanable benefits:
- On time delivery to customers
- Lead time tracking for price negotiation
- Enforceability between unrelated parties in supply chain
We are excited at the opportunity of dltledgers platform, which can build networks; transform and build real time decisions into our supply side. We are already seeing results between our vendors.
Senior Vice president, Supplychain (EAJ)
Schneider Electric, East Asiatic Japan
Leading The Era Of Digital Transformation
Digital transformation involves an inter-enterprise network of several parties working towards a unique customer demand.
Digitisation of trade contracts extends beyond geographical boundaries and govt regulations.
Autonomous self executing contracts streamlined between different unrelated trustless parties can transform the way industry work today.
Blockchain based payments integrated into SmartCon enabled different Bank nodes in blockchain for automated payments and we have a complete autonomous supply side of enterprises.
Blockchain based payments integrated to enable different bank nodes in blockchain for automated payments.
Digital Tracking With Authenticity
Business blockchain tracking can help you identify the loopholes at SKU level tracking of inventory flow across the supply network.
While traditional tools have focused on inhouse tracking and certifications, this did not result in establishing authenticity and transparency required from demanding customers. Digital customers demand authenticated tracking solutions which can track across the digital and supply framework in blockchain.
SmartCode can work from tracking with integration with your existing IOT devices, legacy ERP and bring/connect them into blockchain.
Supply Chain Reimagined
Extended supply chain across unrelated parties impact Customer ATP. Supply chain leadership needs solutions which can work beyond the boundaries.
Autonomous self executing contracts streamlined across unrelated parties in the network deliver real time supplyside visibility across unrelated parties. Blockchain enforceability algorithm in Trading Platform enables enforceability of lead time commitments, build an on-time delivery pattern and save costs.
Privacy of each party is controlled in the network digital file cabinet, acting as a secure vault for all MSA and related supply chain contracts.
DLT.sg is an inter-enterprise software company with real life blockchain applications. These enterprise grade blockchain apps will enable collaborative commerce, in which enterprises are uniquely able to work together to unlock gains while also expanding their control across the supply chain.
We have several partnerships with SAP, Microsoft, Banks, Shipping, Insurance etc.
Take your next step to learn more about dltledgers business blockchain platforms.
blockchain is the future and we welcome you to be a part of it
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