Meeting Industry Needs
The reliable and immutable data used on the CommChain platform will be keenly sought by parties to support trade finance and insurance opportunities and limit exposure to unscrupulous activities, ownership risk and data manipulation.
The use of CommChain for Trade finance activities will inject liquidity and mitigate credit risk in international trade transactions, improve working capital and cash flow and reduce the risk of supply chain disruptions.
The addition of tokens will further enhance the CommChain offering to the Finance sector and Insurance companies.
What CommChain Offers
The CommChain solution demonstrates a unique application to facilitate transparency in supply chain systems, and delivers an immutable secure environment when compared to existing systems.
The CommChain solution improves compliance outcomes as it keeps track of the steps required in complex bulk commodity logistics and trade settlement processes.
CommChain enables third parties to participate and collaborate in a ledger without geographical restrictions and data privacy limitations.
CommChain is enabling a future whereby producers, consumers and investors can more accurately understand, compare, and further optimise the benefit of their commodity transaction and accounting along the export value chain.