Solution Provided

Key Features

  • Transaction authentication by cryptography
  • Logs: replicated, integrated and synchronized
  • Benefits the Trade Partners
  • Benefits the Financial Institutions
  • Seller will pay on Platform
  • Buyer will confirm Shipment
  • Shipping Company will display shipment status
  • Duties payable and Deposition
  • Raise Claims
  • Mark receipt and honour payments

Product Features

  • One Time License Fee
  • Upgrade Feature in-built
  • Covers Annual Maintenance
  • Cross border transaction
  • Replacement of other packages currently in use like SAP etc.

Services Provided by TradeReboot

Logi-Tech (Shipping)

Our Blockchain based platform enables real time, granular and verified traceability of entire supply chain process in the Trade Finance including logistic movements of goods and data. When the trading is done in the usual way, LC payment usually takes up to 15 days, whereas in our platform, the documents can be verified online and payment can be done almost immediately. Blockchain does away with the inefficiencies of the traditional system by providing every stakeholder with a single source of truth. Being a decentralized network, it enables direct communication between all the participants without having to rely on intermediaries. Replacing the traditional bill of lading using a Blockchain powered system for shipping goods will drive process efficiency while reducing the operational cost across the supply chain for all the parties. This solution will not only be time efficient but also money efficient.

 Fin-Tech (Smart Fin/Trade Finance)

We provide the trustworthy, transparent and tamper proof blockchain based Trade finance solution to users for secure, fast and reliable transactions. The platform uses Smart Contracts to ensure execution of predefined tasks and the data integrity of each transaction. Each user accessing the platform has defined access controls and are verified using cryptographic credentials for each transaction. The platform enhances availability of documents and information to authorized users in a secured and real time environment, thereby reducing the time and cost of documentation.

Pay-Tech (Banks)

It is a Blockchain-based platform designed to streamline the entire Procure-to-Pay process in the Trade Finance domain. The platform enables the importer bank, exporter bank and discounting bank to verify buyers/suppliers, access authenticated documents with audit trail and facilitate the payment transactions. It has been built on Hyperledger and uses Smart Contracts for digitizing processes.

By implementing this solution, businesses can facilitate the processes of making payments to vendors and partners in highly automated manner. It creates a network where trade partners can interact with each other without any restrictions or reservations in a transparent ecosystem.

Insure-Tech (Insurance)

The platform provides access to Insurers for managing in-transit insurance for all the trade finance transactions. Using the Blockchain based network, the user can get insurance with minimal paperwork, and the insurer can issue the policy online with claim criteria  encoded in Smart Contracts to enable automated claim settlement.

Solution creates a Smart Contract of the insurance agreement made between the insurer and the insured. The Smart Contract is coded to get executed autonomously, if specified condition(s) are met, which in the case of a claim are occurrence of pre-defined events and automated verification of the claim. With the solution, an insurer can drastically reduce the operational cost involved in collecting & storing documents and processing claims. The insurance company can easily differentiate itself from its competitors by offering an autonomous claim pay-out system.

ERP-Tech (integrating existing ERP into TradeReboot)

Our platform has ready connectors with some of the popular ERP systems that facilitate two way exchange of data between ERP system and Blockchain network. The user’s ERP credentials are mapped with Blockchain network credentials to have a seamless audit trail of user transactions. We also build customized integrations with ERP systems using our Enterprise ready API layer.

Problems faced in current trade process

Problems faced  in current trade process

 

  • Lack of transparency and fairness in the system
  • Intermediaries (PayPal, VISA, Banks) are paid services, incurring,
    • Transaction costs from buyer and seller
    • Interest rates, surcharges and fees
    • Risk of human errors, hacking and Forex Fluctuations
  • Funds are blocked until all the documents are received in physical form which usually takes up to 15-17 days.
  • Intermediaries like Inspecting Agencies, Custom Clearance Agencies may cause delays while processing and forwarding the documents.

Advantages in Blockchain Trading Platform

  • Fully transparent and Fair Trade in the  system
  • All the intermediaries like PayPal, VISA, Banks, etc will be on the platform and free of any charges.
  • As all the documents on blockchain are fully secured (i.e. cannot be tampered with), the intermediaries will consider the documents uploaded on our platform equivalent to the original copy. Funds can be released once all the formalities are complied with and there shall be no need to wait for the receipt of original documents. This is not only time-efficient but also is cost-efficient.
  • There will be no delay in regards to forwarding the documents as the documents will be uploaded on our platform.

Benefits provided to the stakeholders

Seller

  • Online Registration
    • Business Details
    • Owner Details
    • Commodity Details
    • Commodity Management
  • Contract Creation
    • Based on type of agreement viz., CIF or FOB
    • Pilot mode for negotiation
    • Communication module
  • Shipping Handling
    • Tracking
    • Monitoring
    • Shipment booking through Quotation
  • Supplier eKYC 
    • eKYC
  • Invoice Management
    • Manage invoices dashboard
    • Invoice Discounting Workflow

For Buyer

  • Buyer Onboarding
    • Online Registration
      • Business Details
      • Owner Details
    • Shipment Handling
      • Tracking
      • Monitoring
      • Bank Statements
      • Shipment booking through Quotation
    • Online Application
      • LC Document
      • Financial Statement
      • Bank Statements
      • Other Documents
  • Contract Creation
    • Based on type of agreement viz., CIF or FOB
    • Pilot mode for negotiation
    • Communication module
  • Buyer eKYC 
    • eKYC

Bank

  • Bank Onboarding
    • Online Registration
    • Bank KYC
    • LC generation can also be done

Insuarance Agency

  • Online Registration
    • Business Details
      • Owner Details

Broker

  • Broker  Onboarding
    • Online Registration
      • Business Details
      • Owner Details
    • Shipment Handling
      • Listing of Ships
      • Tracking
      • Shipment booking through Quotation
      • Ships can be booked

Shippment Agency / Stevedoer

  • Shipping Agency Onboarding
    • Online Registration
      • Business Details
      • Owner Details
    • Shipment Handling
      • Listing of Ships
      • Tracking

Investigation Agency

  • Online Registration
    • Business Details
      • Owner Details
  • Report Submission

Our Office

India,
United Arab Emirates,
Singapore.
 

Office Hours

Mon-Sat: 11am - 6pm
Sunday: Closed

Contact Us