TRAXIA
TRAXIA
USING BLOCKCHAIN TO DISRUPT TRADE FINANCE
This document is for informational purposes only and is not an offeror solicitation to sell shares or securities. Such offers or solicitions will only be madeby means of a secret bid memorandum and in accordance with the requirementsall applicable securities and other laws.All $ values are US dollars unless otherwise noted.
ABSTRACTT
here are more than $ 43 trillion of invoices in the company's balance sheet waiting to be paid. This lack of liquidity can harm the short-term cash flow of sellers, especially for small and medium enterprises (SMEs). The Traxia ecosystem allows the short-term assets to be digitized, tokenized and ultimately tradable in a decentralized market.Traxia envisions a system where Sellers upload their invoice, Buyers approve itwith their private keys, Issuing Providers write it into a smart contract, Liquidity Providersdistribute cash liquidity, listing providers manage the marketplace and Investors tradethe newly created digital assets. Think of it as factoring on a blockchain.We have built a real use case using Liqease Ltd as our List provider, Porsche asthe Buyer, mediaman and Vok Damns as the Seller and a corporate investor as theLiquidity Provider. Although, the Ethereum blockchain has been used in this first case toissue the smart contract, Traxia intends to build upon the Cardano blockchain.
THE PROBLEM
$43 trillion USD in accounts receivable at any given dayBanks only finance 7% of these short-term assetsBanks continue to argue liquidity problems to not finance SMEsSmall and medium-sized enterprises are stuck to negotiate with local banksTrade Finance operations are expensive, bureaucratic and time-consumingBanks rely on redundant paper trails and slow, non-transparent and centralized credit decision
THE SOLUTION
A decentralized global trade finance ecosystemBy using Blockchain we can offer fast, transparent and low-cost transactionsInvoices are converted into smart contracts and traded as short-term assetsSMEs are not dependent on their local bank to discount their invoices anymoreSellers and Buyers continue to receive and pay in Fiat.The only blockchain related effort is to input a private keyOur platform is robust in the inside but quite simple in the outside.A seamless UX experience for SMEs
WHAT'S IN IT FOR YOU?
In our ecosystem Sellers upload their invoice, Buyers approve it with their private key, Issuing Providers convert it into a smart contract, Liquidity Providers assure the liquidity, Listing Providers manage the marketplace and Investors trade the newly created digital assets.
WHAT IS TMT TOKEN?
Traxia Membership Token (TMT) is the utility token issued by Traxia Foundation (Swiss law) that gives access to our ecosystem.Each time an Issuing Provider adds a new invoice to the system, TMT has to be purchased at an exchange to settle access fees.
Ken Kodama EMURGO's CEO
"We see Liqease as a promising application of blockchain technology for the Cardano blockchain. Its focus on unlocking cashflow constraints for SMEs solves a known pain point for a huge market. We are excited to support the team as they build one of the first FinTech applications for Cardano"
TECHNOLOGY FROM CARDANO
Among the first implementations of Cardano technologyEmurgo will use Traxia's migration from Ethereum to Cardano's blockchain as a use-case to show other projects how it is doneCardano invested in Traxia's ecosystem through its investment arm EmurgoEmurgo (Cardano hub) invests in companies that have revolutionary blockchain projects in the areas of supply chain, trade finance, banking, notorization and othersCardano's superior technology will allow Traxia to present a more robust solution to better tackle scalability, settlement and securityWe plan to be fully integrated with Cardano in 4Q 2018, when Cardano's Goguen goes live
INVESTORS EMURGO
Emurgo incubates commercial ventures and help integrate these businesses into Cardano’s decentralized blockchain ecosystem
SOSV THE ACCLERATOR VC
World-renowned accelerator fund with $300M assets under management, 600+ companies on portfolio, 620+ mentors and >30% IRR
DEVELOPMENT TEAM
The LiqEase core team holds deep expertise in launching and executing digital projects successfully for large corporations or independently. The team gathers a variety of knowledge in various disciplines such as digital platforms, fintech, FMCG, supply chain management, software engineering and others.Click here to view more on the team.
ADVISORS
Darren CamasSenior Advisor at EmurgoFinTech entrepreneur and consultant with more than 6 years in blockchain technology. Former founder of Bitnexo. In the blockchain and crypto space since 2011
Miguel Solanaformer Santander BankMA Stanford University, MSc London School of Economics, former Head of New Initiatives at Santander - Bank of Shanghai Partnership.
Zennon Kapronformer Intel, CitibankMBA Insead, Asia Fintech Consulting and Research, Author, Speaker. Former Global Banking Industry Manager at Intel and CIO at Citigroup Portugal
.For More Information,
Visit Link SitesWebsite: https://www.traxia.co/
WhitePaper: https://docs.wixstatic.com/ugd/baba69_30f719c55f344ab7ae44715a4d287811.pdf
Telegram: https://t.me/traxiafoundation
Facebook: https://www.facebook.com/TraxiaFoundation/
Twitter: https://twitter.com/TraxiaNetwork
Token Sale: https://www.traxia.co/token-sale-info
ANN Thread: https://bitcointalk.org/index.php?topic=3019695.new#new
Bounty Thread: https://bitcointalk.org/index.php?topic=3021679.0
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