A Decentralized Trade Finance Ecosystem: TRAXIA

technobody (42)in #traxia • 8 years ago

Traxia’s vision is to make a decentralized ecosystem to improve trade finance globally. In this aspect the project is promising because of the fact that it combines blockchain and an open, connected IT architecture to create a new ecosystem for trade finance. It gives the opportunity of creating smart contracts which are automated, self-executing digital contracts triggering payments and receipts in real time as goods move through the supply chain for its corporates.

The Smart Contract which is established by Traxia makes a new trade finance platform that operates through smart contracts running on a blockchain.These smart contracts hold information such as volume and duration of an underlying trade, while also becoming interoperable with existing Enterprise Resource Planning (ERP) Systems, Payment Networks such as SWIFT, [Ripple Settlement System] and others. The Traxia ecosystem allows short-term assets to be digitized, tokenized and ultimately to be tradeable in a decentralized market.
On the other hand, Traxia aims to guarantee liquidity to small and medium-sized enterprises (SMEs) that have difficult to access at credits.

The token of Tracia is TMT. It is a utility token which is required as a payment method by issuing providers to add new invoices to the system. Total TMT allocation for Token Sale is 60%, other 20% is for Team, 10% for Treasury, 5% Bounty and 5% to Advisors.The Pre-Sale is divided into 4 stages, starting with a discount of 40% and token price of 40% and finishing with no discount at 18th of April.