Development and commercialisation of an innovative commodity trade and finance platform

创新商品贸易和金融平台的开发和商业化

• 批准号: 93701
• 金额: $ 15.71万
• 依托单位: SATOSHI SYSTEMS LIMITED
• 依托单位国家: 英国
• 项目类别: Collaborative R&D
• 财政年份: 2020
• 资助国家: 英国
• 起止时间: 2020 至 无数据
• 项目状态: 已结题
• 来源: https://gtr.ukri.org/projects?ref=93701
• 关键词: Development; commercialisation; innovative; commodity; trade

In the wake of COVID-19, most Small-and-Medium Commodity Traders (SMCTs) will need cost effective trade finance to support the recovery of both imports and exports \[[ICC][0]\]. However, increasing regulatory requirements has led to increasing costs to fulfil legal, risk management and administrative requirements for CTF transactions. Therefore, banks have reduced their finance networks to the major commodity traders and their corporate clients concentrating the market into their hands. The processes involved in carrying out CTF transactions are manual, paper-based and require the work of professional lawyers, making it uneconomically viable for most SMCT's to gain access to smaller size loans which they require.Digital blockchain trade finance platforms have been recently launched in collaboration with banks to help the generic trade finance sector. These platforms facilitate the necessary trade finance workflows, between only the participating banks and their existing corporate clients. Due to the high costs involved in the manual due-diligence, risk-management and legal processes, major barriers for most SME's accessing CTF are still unresolved.Through this 3-months industrial research project we, Satoshi Systems Ltd are developing Phlo; an innovative R3 Corda blockchain-based machine learning platform which allows all members of the commodity trading supply chain to carry out the essential workflows needed to facilitate CTF transactions. Phlo will create a level playing field for SMEs, providing process transparency, risk reduction, credit when needed, and the rapid, low-cost facilitation of CTF transactions.[0]: https://iccwbo.org/content/uploads/sites/3/2020/05/2020-10ways-governments-sos.pdf

在2019冠状病毒病之后，大多数中小商品交易商（SMCTs）将需要具有成本效益的贸易融资，以支持进出口复苏\[[ICC][0]\]。然而，越来越多的监管要求导致满足CTF交易的法律、风险管理和行政要求的成本增加。因此，银行将其金融网络缩小到主要的大宗商品交易商及其企业客户，将市场集中在自己手中。进行CTF交易所涉及的流程是手动的，以纸张为基础，需要专业律师的工作，这使得大多数SMCT在经济上无法获得所需的小额贷款。数字b区块链贸易融资平台最近与银行合作推出，以帮助通用贸易融资部门。这些平台仅在参与银行与其现有企业客户之间促进必要的贸易融资工作流程。由于人工尽职调查、风险管理和法律程序所涉及的高昂成本，大多数中小企业获得CTF的主要障碍仍未解决。通过这个为期3个月的工业研究项目，我们Satoshi Systems Ltd正在开发Phlo；一个创新的基于R3 Corda区块链的机器学习平台，允许商品交易供应链的所有成员执行促进CTF交易所需的基本工作流程。Phlo将为中小企业创造一个公平的竞争环境，提供流程透明度、降低风险、必要时的信贷，并为CTF交易提供快速、低成本的便利。[0]: https://iccwbo.org/content/uploads/sites/3/2020/05/2020-10ways-governments-sos.pdf