Introducing: Freight Coin [TKM]

The Freight Coin Exchange frictionless and scalable architecture utility replaces the antiquated, slow, arduous, dispute prone, and costly function of Letters of Credit by coining TKM: a freight benchmark denominated price marker used for payment of commodity shipping and trade finance transactions

Marc Ortaliz, Founder of Freight Coin

The freight industry stands at the edge of history, poised to reimagine a financial system held back from efficiency and profit. The launch of Freight Coin heralds a new, exciting way of doing business using blockchain technology for a Euro 10.9 trillion sector powering the global economy.

Freight Coin is issuing 1 trillion TKM coins for the shipping industry, currently trading more than Euro2.8 trillion for the Petroleum sector alone. It’s the first step in a strategy delivering a standard digital price marker for the global freight sector encompassing sea, air and rail transportation.

TKM solves expensive, age-old friction between the Buyer and Seller, and provides payment liquidity for various scenarios whether between AAA credit participants or an unknown trader in the middle of an African Jungle . It strips away banking red tape and costs that plague both the owners of shipping companies and their customers.

Our cryptocurrency design brings obsolescence to the expensive and dispute prone Letters of Credit system, replacing it with a blockchain solution delivering payment to all participants in real time.

Freight Coin Exchange’s (FCX) architecture is a gamechanger, linking TKM to real assets — the commodities being shipped and the vessel in which they are transported. It has standardized the denomination of shipping freight, called TKM (tons per kilometer), so rates are quoted uniformly across the entire ecosystem. It is bringing to market an array of meta-instruments, including a hedge facility and the capability for FCX to host ‘fractional’ vessel co-ownership.

On its maiden deployment, Freight Coin Exchange strategically focuses on bringing efficiency and greater profit to the shippers and vessel operators of the Asia-Pacific — the fastest-growing region in global sea transportation.

Freight Coin is the payment instrument for the new era of global trade: it offer payment safeguarding for the Buyers and Sellers, allows even the smallest capitalized participant to engage in global trade, enhances transactions and hedging.

www.freight-coin.com

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