Make Global Trade an obstacle-free one
Global Trade Platform is a platform which flatten all entities in the global trade eco-system; With HyperChain, all participants are able to work on this integrated digital platform, reducing the heavy paper-work and communication barrier among each entity.
NSECURED can provide solution to build up GlobalTradePlatform, a platform that connects supply chain networks in the international trade, with following roles to solve the trade issues.
Visible Shipping Process
All shipping process is visible and in real-time validation via GlobalTradePlatform blockchain mechanism is activated to ensure data accuracy.
Followings are the functions of the shipment manager.
· Shipment-Level Search
All information is stored on blockchain which means that members can easily find the cargo and shipment information by its quick search.
· Direct Transport planning
Members can straight forwardedly communicate with the delivery supplier, which highly improves the efficiency.
· Permissioned Network
Built-in PKI mechanism and access control can enhance security.
All documents can be digitized and stored to boost data exchange with better document
management. Digitalized documents on blockchain can brings :
· Easy document version maintainance and management
· Providence of document validation from different entities
· Smart contract enablement
· Document sharing across different entities
Documents with Standardized format
PDF files, scanning files and pictures
Automated workflow via smart contract :
1. Shipper uploads the final packing list to GlobalTradePlatform after packing container.
2. Members can access GlobalTradePlatform to query the packing list, invoices, and related documents which can also be used for custom declaration.
3. All information including documents in different formats stored in GlobalTrdadePlatform ensure their immutability and traceability.
Pre-building connections among each entity (ex. Ports, Carriers, Forwarders..), that provides real-time access to more accurate information, making resource dispatch easier.
Better and less risk assessments which is enabled by data transparency, allowing more efficient custom clearance.
Reliable and precise data collection that improve the performance.
- Buyer and Seller matched on blockchain platform with configured smart contract.
- Buyer deposits money in Bank in which Buyer is
- Seller ships goods which can be processed via blockchain, integrating forwarder, shipping, export, customs clearance…et.
- Seller presents Shipping document which is automatically done via smart contract-based supply chain or alternatively on manual.
- Seller’s Bank validates Seller’s document before releasing payment.