Development and commercialisation of an innovative commodity trade and finance platform

在COVID-19之后，大多数中小型商品贸易商（SMCT）将需要具有成本效益的贸易融资来支持进出口的复苏。然而，日益增加的监管要求导致了满足CTF交易的法律的、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商品交易商及其公司客户，将市场集中在他们手中。执行CTF交易所涉及的流程是手动的、基于纸张的，需要专业律师的工作，这使得大多数SMCT获得他们所需的小额贷款在经济上不可行。最近与银行合作推出了数字区块链贸易融资平台，以帮助通用贸易融资部门。这些平台仅在参与银行及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、风险管理和法律的流程所涉及的成本很高，大多数中小企业进入CTF的主要障碍仍然没有得到解决。通过这个为期3个月的工业研究项目，中本聪系统有限公司正在开发Phlo;创新的R3 Corda区块链-基于机器学习平台，允许商品交易供应链的所有成员执行促进CTF所需的基本工作流程交易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，在需要时提供信贷，并快速，低成本地促进CTF交易。[0]：https://iccwbo.org/content/uploads/sites/3/2020/05/2020-10ways-governments-sos.pdf网站

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