Blockchain-Powered Global Trade
What is tradeflo?
TradeFlo is an end-to-end blockchain trade facilitation platform for vendor verification, merchandise authentication, payments, and shipments tracking.
Tradeflo brings security and trust to international trade transactions, beginning with vendor verification through to merchandise authentication. Tradeflo enables its members to be verified, establishing a trusted digital vendor identity stored securely on the ledger. Merchandise is also authenticated along with its documentation and any supporting videos and photos which are stored on the ledger, providing brand provenance and title information, which is always available to both the buyer and seller on the ledger.
Establishing a vendor identity and building a credit risk profile offers emerging market companies to access trade financing from international or national lenders to increase the volume and velocity of their transactions. All parties, including the buyer, seller, and lender, can track the entire shipment through the blockchain platform and all shipping and customs documentation are housed on the ledger. We leverage the power of the blockchain to bring trust back to international trade.
Tradeflo allows the multiple parties engaged in an international trade transaction to interact and engage through a transparent and flexible blockchain platform powered by smart contracts, which ensure security and trust. The ecosystem also allows companies to build their identity over time, thus giving them greater access to partners and services over time and facilitating companies in finding trusted trading partners in new markets.
Tradeflo decreases transaction and coordination costs for payments, inspection, and shipping while increasing transparency, decreasing risk management costs, and improving overall efficiency.
Ultimately, Tradeflo is about the democratization of global trade and expanding access for all to the global economy. True globalization brings global growth. Until now, a large percentage of the world’s population has not been able to participate in the global economy due to inability to access new markets, lack of trust of new trading partners, inability to authenticate or inspect merchandise, archaic currency and banking controls, lack of access to financing, complex customs paperwork and trade regime requirements, and lack of knowledge of international shipping. International trade starts with access but it only grows with trust. With blockchain technology, we are now able to build and grow a secure, trusted, and transparent ecosystem for international trade. Through Tradeflo, companies around the world can begin to access and participate in the global economy and as they grow, the communities and nations they are a part of can also expand and develop.
TradeFlo is part of the inaugural class of the IBM-Columbia Blockchain Accelerator. IBM and TradeFlo are partnering to build and scale an international trade and finance blockchain network for emerging markets.
We are starting with retailers and manufacturers, which is the existing customer base of the TradeFlo's parent company TigerTrade, a B2B marketplace for excess inventory, but the platform has implications beyond retail to any brand purchasing products from emerging economies.
Tradeflo also believes in the “blockchain for good” principle as the streamlined process of trading on Tradeflo and its marketplace of customers will have a positive growth impact on business owners in emerging economies.