BLOCKCHAIN SOLUTION TO DISRUPT TRADE FINANCE
Traxia Foundation is a decentralized liquidity network which utilizes smart contracts and a blockchain to improve trust, transparency and ultimately cash liquidity in B2B trading. Traxia intends to build upon the Cardano blockchain. Being the first project to migrate from Ethereum to Cardano. On any given day around the world, there are around $43 trillion sitting on balance sheets waiting to be paid. At the same time, many SMEs find it difficult to finance their production cycle, as most clients demand between 60 and 90 days to pay for goods from the date of delivery onwards. There’s a solution called factoring which is a type of supplier financing, in which firms sell their credit-worthy accounts receivables at a discount and receive immediate cash, but this system is centralized and controlled locally by banks. Traxia envisions a system whereby a Seller uploads an invoice, Buyers approve it with their private keys, Issuing Providers write it into a smart contract, funds and professional investors distribute cash liquidity, and everyone meets in a decentralized marketplace to trade the newly created digital asset. Think of it as factoring on a blockchain. Emurgo decided to invest in this ecosystem and Traxia, that already has a use case with Porsche in China, will launch their ICO by Swiss legislation.
Disclaimer: This site is not a financial advisor. Please be careful with token sales.
Hi i am new here.