A lot has been written about how blockchain would transform the international trade. So, this is not yet another blog on the same lines, but I intend to throw some light on its adoption & traction we are seeing with International traders and what International traders are doing to stay relevant to drive the competitive differentiation using our purpose built DLTLEDGERS trusted Trade Platform.
Obviously, there are many moving and laborious parts in the international trade process. For example a shipment of green mungs bean from Australia to China can result into a pipe of paper 25 centimeters high and cost of handling it can be higher than cost of transporting the containers leave aside the time lost in the process.
Since early this year when we launched our DLTLEDGERS Trade Platform, we have seen a great traction with international traders with hundreds of traders are taking advantage of running their first trade in blockchain saving both time and money. We have several traders who are running multiple trades using our DLTLEDGERS platform on a daily basis.
With DLTLEDGERS platform we are democratizing the access of the trade platform and making it easy for an international trader to sign up, set up their business partner and operationalize their trade in blockchain in 10 mins. It no longer requires huge capital investment, cutting knowledge on part of a trader or a big team to pull this off. Trader can sign off and get set in less than 10 mins to use the DLTLEDGERS platform. This also bridges the gap between larger traders and small or mid-size traders, offering the same services for all. We have simplified it into a size and form which can be understood and applied for a trader, who needs faster movement of his cash.
Guess what we have several traders who are live using our DLTLEDGERS Platform and doing their real blockchain trade every day with a fraction of the cost. We truly believe that we are doing our bit to democratize and provide trader of all sizes access to this disruptive technology to push their competitive advantage.
Some of the benefits that traders have seen in our DLTLEDGERS Platform relates to platform
-Save money in your trade process (up to 2000 dollars saving in your trade)
-Discount and incentive from Banks on your trade finance if routed through this platform (better credit lines at reduced margin
-Make your cash run faster
-Reduce counter Party risk and Frauds
–Secured audit of the Trade conversations which typically happens on mobile/whatsapp/email conversations w different parties in the private way in a need to know basis
With DLTLEDGERS Traders are able to connect your next International Trade with all parties in a private secured fashion taking advantage of digital issuance of LC, digitizing BL, Quality and other certification documents, ability to trace from source to target and take advantage of better deals to finance your trade and working capital.
Sign up here for your trial at https://dlt.sg/traders-free-trial/
In May of this year (2018), my DLT.SG journey began. After several years in FINTECH, banking and related software platforms, I was on a long search for finding something which can be a total disruption, a technology framework which can create a desire to create and not maintain.
After many years in the FinTech space, I was considering going academical for an year or two to explore new technologies. However, fate had better plans. I got an interview opportunity with DLT.SG through someone who knew my passion for technology and my past work on Natural language processing(NLP) and blockchain. Though apprehensive at first, when I researched more on the products and technology, DLT.SG’s unique platform caught my eye. It was like, the time I used to take out to pursue my passion for new technologies was all that I needed to do even at work.
What I thought was going to be a typical rigid interview process, turned out to be a pleasant surprise. Instead of jumping into the bland algorithm-based interview process, I was interviewed of the back of a coffee joint, followed by 2 more detail interviews with CTO and team. The informal, casual conversation we had made me feel like I was getting to know new friends who were excited about the idea of me and what I wanted to seek in creation. Additionally, I completed a two-hour programming exercise, working to solve a hypothetical bug within the platform. This was much better than an algorithm question because I really got a sense of what I was going to be working on and the processes applied.
My “aha!” career moment
During my time in university, I developed a love for product engineering and organizational software, opened my eyes to the ways we can use inter-connected enterprises in next-generation technologies, complex math, and algorithms for all kinds of applications. I had this acumen for creation rather than maintaining the existing.
Working on anything with a real-world application using math and algorithms, with extremely interesting code framework, to help people in need was satisfying and set me on a path that would eventually lead me to DLT.SG. Although we are not there yet, there is a dream of building interconnected blockchain for inter-enterprise level platforms, more like an ERP in blockchain; in a way that’s never been done before, and that’s pretty exciting.
Growing into my role at DLT.SG
When I first started, I felt a bit of apprehension that I have never worked in a start up. Rules were very different. I have to find my own desk and coffee; I didn’t have an HR; My teams were all extremely informal wiz kids and they were running all around me. Everybody knew what they were doing and they all had that passion that I had in me. It was not a managed environment that I used to work for the last 15 years; Instead it was a result oriented and targeted set of acts. I felt that I was a part of it. Working with so many people with extensive experience and impressive track records was a little intimidating. But right away, I felt very welcome thanks to the engineering team and CTO Suji Thampi, who has worked tirelessly to help me adopt and fuel my personal growth.
Today, I’m proud to be adding genuine value to the team. And now, just a few months after being hired, I look forward coming to work because I love who I work with…even with their fascination with flat earth theory. I have felt that we are a set of dreamers and we naturally down work that hard, we just play with codes to create.
A glimpse into my future at DLT.SG
To say the least, my future at dlt.sg looks bright. In the last six months, I have done and learned more than what I did in my last 13 years in engineering. One exciting, growing area at dlt.sg is securitisation of blockchain. At its most basic level, securitisation is the practice of using algorithms to digitise assets in transit, build a short term derivative, and then make a risk free prediction into letting anybody invest. Put simply, it’s math, and I love math.
The future of DLT.SG looks extremely exciting from where I’m standing. It’s not just anywhere you get the opportunity to work with a collaborative and creative team who constantly shows that they value your perspective—and your puns. When it comes to the possibility of a flat earth, I maintain that the only thing we have to fear is sphere itself.
Vikas K, Product Engineering lead, SG Labs
Are you interested in working for a company that’s creating the future.
dltledgers, a Singapore based blockchain platform company wins the blockchain challenge from Infocomm media development authority of Singapore (IMDA). dltledgers is a blockchain network with several business blockchain codebase for supply chain, actively subscribed and deployed by several organisations. The award is won for the industry network solution and spreads across the customer acceptance, quality, scalability and robustness of the platform.
This was based on a qualifying process from more than 200+ blockchain innovation applicants and spread across different business use cases. dltledgers won the blockchain challenge for the best supply chain network solution, which is of huge significance in digital transformation of extended supply chain.
“The Infocomm Media Development Authority (IMDA) believes there is room to accelerate growth in blockchain, or other distributed ledger technologies, to help enable a Digital Economy for a Smart Nation. As such, IMDA launched this challenge for companies to develop pioneering solutions using blockchain beyond financial applications. We wanted to develop Network platforms like dltledgers for active use by industry”
“We are delighted by this win and look forward to welcome several of third party apps to work on our open blockchain network. After several stringent rounds of compete, IMDA have recognised us as a strong manufacturing network RUNNING in business blockchain. Several of our customers in the platform enjoy the might of our patented code base; several of our apps are industry innovations in supply chain and can be deployed with a plug and play process. Our platform is already seen as a “must have” critical part of the digital journey of large supply chain transformation teams”; Said Samir Neji, Founder and Resident Director of dltledgers.
Global electronics and technology organisations can deploy their supplier network for a unified supply chain framework. This can support the existing frameworks and power several of digital initiatives in supplier portal, on time payments, on time delivery and order to cash initiatives. This works as a SaaS model with plug and play mode and run the extended supply chain network optimisation using this blockchain platform. You have an ability to create your own networks or run your apps by using the several blockchain innovations in this network.
“Manufacturing supply chain network” which is called as “Electronics network” build on a SaaS based model is considered as a rapid digitisation network by IMDA and is building an industry framework structure with other third party apps. The network is open for other organisations for building and connecting to manufacturing industry.
About the company
Distributed Ledger technologies (DLT) Pte ltd is a blockchain company, building inter-enterprise software on blockchain, working in the supply chain space.
Our clients run business blockchain applications under our flagship platform, dltledgers.
dltledgers has several applications which run international trade, extended supply chain networks, tracking, customer ATP, visibility, food safety, counterfeit prevention and much more.
We stay low, work with real companies and help brick and mortar businesses drive positive cash flow and profits.
Follow DLT on: