Modultrade: Blockchain Platform Which Opens Global Trade For Small Enterprises
ModulTrade is a block-based smart contracts ecosystems where SMALL MEDIUM ENTERPRISES can meet, committed and trade globally, easy, reliable and efficient. ModulTrade’s Value Ecosystem (MVE) is based on the MSP (multi platform-side), which aims to create value through network effects 5
MVE is a catalyst of economy which also aims to create a value of 7
Reduce transaction costs faced by different economic agents who will be benefited
come together; and reduced search efforts, facilitating the matching, and facilitate different groups of economic agents to the exchange rate between them.
MTRc, a tool for the exchange of value in MVE, are major elements of ecosystem growth,
allows to utilize (though indirectly):
The growth of a global B2B e-commerce is remarkable (estimated increase of more than 5-fold $6, 7tn in 2020); The potential of SMALL MEDIUM ENTERPRISES 400 million around the world who trade in their daily activities and continue to improve in his footsteps in global trade; The development of future technology blockchain for global B2B trade activity. MTRc will be issued token in Wireshark and will correspond to the most common and widely accepted standard token ERC-20. This will ensure that MTRc is compatible with all wallet ether and can be easily added into the most common crypto exchanges for trading.
Trade Finance adopts the technology of blockchain
“Blockchain promises a lot, but too often fails to find a sustainable use case. Trade finance is one significant exception “. Financial journals CAPCO Institute
The new approach, informed by the logic of blockchain, could bring a transformation very well established Business but restricted continues. Put the process of trade finance end-to-end in a new platform will have a very clear objective: to offer all importers and exporters with quick and easy access to credit and publishing consulting services. This is a radical shift however can be obtained. Open, transparent, and trade finance platforms, which replace the trust mechanism is not practical With automatic inspection and warranties, technical possibilities now.
SMALL MEDIUM ENTERPRISES become part of global value chains (GVC) supported by the development of e-commerce
Opportunities for SMALL MEDIUM ENTERPRISES in global markets and value chains are very large: it exposes them to the buyer/customer base is great, as well as the opportunity to learn from large companies and of involved and persist in the up and coming sectors of the global market. “The development of e-commerce promises toexpand export opportunities for SMEs and provide them with a global presence that was once reserved for large multinational corporations.” -WORLD TRADE REPORT, the digital channel selling through 2016 can increase the productivity of the McKinsey Global Institute 10 (2013) is estimated to be between 6 and 15 percent. ModulTrade aims to help SMALL MEDIUM ENTERPRISES prosper in global markets by facilitating this trade.
Technology and mendemokratisasikan banking industry regulation Fintech
Another catalyst for the nuisance of this kind is the second EEA payment service Instructions (PSD2) 11 where providers Fintech will become the Account Information Service Providers (AISPs) itself that makes it easier, faster and cheaper to handle payment transaction and customer account related data will allow PSD2 MTP (ModulTrade Platform) to interact with a customer account in it processes is secure without intermediary banking thus increasing efficiency and decreasing transaction costs
Problem
SMALL MEDIUM ENTERPRISES face many obstacles and barriers in capacity due to its relatively small size. Globally, it is estimated to be approximately 56% of proposalstrade financing SMALL MEDIUM ENTERPRISES declined, compared with just 7% for multinational companies. 12
ModulTrade addressing the needs of SMALL MEDIUM ENTERPRISES by removing the main barriers to enter the global trade:
The lack of trust.
High entry costs.
The complexity of the operations that are associated with the trade.
Trust
Lack of trust remains a significant problem for SMALL MEDIUM ENTERPRISES and prevent it from becoming active players global trading network. Economical meaning of this belief can be summarized in the following questions:
Whether buyers will pay to the seller sends the goods to the buyer?
This question is answered by the existing banking system that creates a trading financial instruments, such as Letters of credit and Bank guarantees. High entry costs and complexity of trade related operations
The current trade finance business had to face major challenges as follows:
The increasing pressure of costs: Letter of Credits (LC) is associated with high costs for both. the Bank and the client, while the resolution of disputes and limited scale creates additional pressure because the fraction of manual processing and untapped customer base. Trade finance providers can gain strategic advantages if they managed to find a fundamental new approach to delivering services to their clients.
Bad customer experience: from the viewpoint of banks, major customers, exporters, and importers often have the experience of customers end-to-end. Not only that the publication of the trade finance transactions supported coordination efforts require LC among exporters, importers, and Publisher and Advisor to banks, often represented by the individual’s Legal Adviser, the completion of the transaction following the the process is too complicated and manuals, a long waiting time with transparency is low, and the uncertainty of a relatively high residual settlement https://modultrade.io.
The solution proposed by ModulTrade
ModulTrade aims to remove the main barriers to entry into the global trade and also:
- Bringing together a comprehensive set of services for B2B trade full cycle;
- Help SMALL MEDIUM ENTERPRISES meet, committed and trade globally with ease, mandate and efficient manner; and
- Introduce the MTRc (ModulTrade tokens) as an instrument of exchange value
efficient ModulTrade ecosystems.
MVE also aspire to be an innovative global platform that will facilitate the participants access to a third party that provides some or more of the following trade-related services:
- Logistics
- Trade financing
- Taxes and bookkeeping
- Insurance
Custom brokerage
MVE aims to be a place to easily develop new digital solutions for global trade, the most widely
The obvious use case is:
- in the supply chain Tracking Platform ModulTrade
- The Digital Thread for Manufacturing Additive (DTAM)
- Solution for invoice factoring IoT.
ModulTrade’s Value Ecosystem (“MVE”)-
economic catalyst for democracy in global trade. By utilizing technology-based block smart contract, ModulTrade will build a value of ecosystems to global trade, namely the structure of the value of digital network which is a real-time, global, connected, digital, the cost-effective and with features to support further fintech solution developed by a third party. This solution will enable SMALL MEDIUM ENTERPRISES to increase their revenue while reducing the cost of global trade. This will also let developers/third-party service providers to gain access to the target users/clients, while reducing development and acquisition costs of the user within the framework of this, the MTRc will be used as the key for users connected to the network of global tradingand dealing in modulTrade ecosystems. MVE aims to connect participants to trade globally through four main components:
Blockchain Smart-based contract multi-sided platform (MTP): to replicate the trading of the bank’s financial instruments (letters of Credit and Guarantee) and to offer participants this MVE service mandate and cost effective while also connecting with other services such as logistics and insurance;
Platform related services trade: to facilitate trade execution through a 3rd party service provider 3 (e.g., payment, logistics, financing, taxes, bookkeeping);
Network Trade: to facilitate Reputation & monetary transaction participants MVE in a capital reputation they become functions of the collaboration that has a good reputation in the ecosystem;
Marketplace: to find a reliable global counterparties and to make a choice of goods and goods that the optimal price.
Guarantee the financing of trade in MTRc &
One of the main barriers to participating in trade is the need for financing, both on the sell or buy. Globally, 56% of trade financing SMALL MEDIUM ENTERPRISES proposals were rejected, compared to only 7% for multinational companies. To simplify trade transactions with MVE ModulTrade discusses the needs of existing small companies through a network of reputation. Funds and guarantees will be given to SMALL MEDIUM ENTERPRISES in Indonesia MTRc upon their Reputation Capital for a period of up to 30 days. The line of credit and related fees will be set based on the reputation built by capital companies (which in turn is a function of the network’s recommendations, as rated by ModulTrade’s
Reputation System).
- each new user gets the recommendation of 7 participants a reputable MVE.
The amount of the credit line will be a function
application of Order (in accordance with the principle of “first comers get more”)
user Reputation Capital
Each holder of the MTRc will be able to use the network infrastructure to give the MTRc Reputation costs to insure and finance trade MVE.
The Liquidity Of The MTRc
To support the liquidity of the MTRc and the turnover in ModulTrade MVE will establish several levels of infrastructure that will include
1 protocol Mechanism Bancor16
2 MTRc exchange by ModulTrade
3 the placement of the MTRc with crypto exchanges existing
The use of the Protocol sets the Bancor liquidity MTRc looks first for crypto exchanges
The Launch Of The Token
Distribution plan
There will be a limited supply of 100 million MTRc in total. Part of it will be channeled through the sale pre-sales and sales of Tokens in 2017.
up to 10 million tokens will be distributed during the pre-order sale.
30 million tokens will be distributed during the sale of the Token.
No more distribution of MTRc which will be done after the Token Sale ends.
The price of the MTRc are defined as follows:
Pre-sale price: 1MTRc = 1ETH/700
Sale price: Token not less than 1MTRc = 1ETH/700 and prescribed two weeks before
DETAIL INFROMATION :
Website : https://modultrade.io
Whitepaper : https://en.modultrade.io/ModulTrade_White_Paper.pdf?v1
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