MVE aims to connect participants to trade globally via four main components: - Blockchain based Smart-contract multi-sided platform (MTP): to replicate banks’ trade finance instruments (Letter of Credit and Guarantee) and to offer MVE participants this service in a cost-effective way while also connecting them to other services like logistic and insurance; - Trade related services platform: to simplify trade execution via 3rd party service providers (e.g. payments, logistic, financing, tax, bookkeeping); - Trade & Reputation network: to facilitate monetary transactions of MVE participants within their reputation capital being a function of users reputable collaboration within the ecosystem; - Marketplaces: to find reliable counterparties globally and to make optimal choices of goods & prices.
What is ModulTrade about?
Why ModulTrade and why the MTRc?
ModulTrade and the MTRc will help customers solve the problem of lack of trust and non availability of credit for micro and small businesses, underserved by today’s banking system; in short, they will democratize global trade!
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