Empowering Trust and Efficiency: Seamless Verification, Asset Transfer, and Atomic Swaps with Decentralized Control
Seamless integration with TradeTrust (IMDA backed & MLETR compliant) public utility built on Open attestation framework.
Ability to verify documents and transfer the title of the assets represented by negotiable documents.
Atomic swap of funds & title ownership using smart contracts, thereby building trust without centralized control.
Transforming Global Trade: A Collaborative Journey towards Seamless Digitalization
Our solution is designed with a clear end game in mind. The objective is to digitalize the entire workflow of cross-border trades and reap the benefits of going 100% digital. We are built on open standards, hence easy to integrate with any like-minded solution. Global trade is complex with many processes needing specialized solutions; hence collaboration is the best approach. We thank the various trade bodies, standard organizations, trade participants, regulators, and the ecosystem working with us.
XDC Trade Network is an innovative solution that offers trusted interoperability amongst the applications which are MLETR-compliant. This will enable the exchange of electronic trade documents across different digital platforms bringing in the network effect the industry has been waiting for. Some of the key documents are as follows –
Warehouse Receipts- Certificate of Origin
- Commercial Invoice
- Packing List
- Bill of Landing
- Customs/Goods Declaration
- Insurance Certificates
A shipper can raise capital in exchange for the above documents created on an MLETR-compliant solution. Shippers and liquid providers would be on-boarded our solution thru a regulated Digital custodian. Thus, we are bringing capital for all the trade documents created on an MLETR-compliant solution. There is a big interest from the liquidity providers to address this asset class.
Key tenets around which XDC Trade Network is built
Leveraging the DLT to provide atomic settlement of capital for documents- Using existing blocks to deliver end-to-end functionality
- Ensure automation of regulatory compliance using smart contracts service layer logic
- On & Off "Ramp" capabilities to tightly couple the real-world assets with their representation on the chain (the tokens)
- Building on the recommendations and best practices of industry organizations such as ICC, Baft, DSI, regulators, and many more
- KYC and KYT thru eco-system to ensure AML, TBML, Sanction checks, etc.