ModulTrade: A Blockchain Trading Platform for Small Enterprises
Overview
ModulTrade is a blockchain based company that facilitates small, mini and medium enterprises to trade globally efficiently and effectively. The company has launched its token pre-sale in early October 2017 in order to develop their product and will launch its venture in 2018. They also launched their own token to allow investors to participate in the upcoming venture. For creating value ecosystem for the global trading, ModulTrade has laid strong foundations. They have designed a cost-effective, real-time, globally connected blockchain network to support financial solutions developed by others.
The basic features of the ModulTrade is to provide a smart contract platform to the user so that the traditional financial instruments such as letter of credit, promissory note and bank guarantees and at the same time allowing small and medium enterprises to build trust in the trade agreements.
The company also provides a Ethereum based token that will work as a trade enabler in such a way that every enterprise can get access to it with the help of their smartphones and can execute trading easily by saving cost.
According to the CEO of Modultrade, they started this venture in 2016 to create a digital platform with the help of blockchain technology that allows MSMEs to meet and trade globally by reducing the transaction fees and saving their time. This will also benefit MSMEs to grow their business globally and gain prospective opportunities like large enterprises.
How MSMEs benefit from Modultrade?
Mini, small and medium enterprises face many problems while establishing business because of their smaller size. Most of the time (approx. 56%) the proposals of MSMEs are rejected due to this as compared to (approx. 7%) multinational enterprises and companies. ModulTrade helps the MSMES to overcome this situation by building trust in them, eliminating high entry cost and by providing easy trade related operations. The company brings large range of services for MSMEs and help them to trade in trustful environment. By introducing an efficient ModulTrade token, company also benefits MSMEs to execute value exchange.
ModulTrade value ecosystem allows participants to access trade services like:
supply chain tracking
digital thread for additive manufacturing
Solutions for invoice factoring
ModulTrade ecosystem is based on smart contract blockchain technology. The company build ecosystem for global trade which has digital network, globally connected and is also cost effective. They provide solutions to MSMEs to increase their profitability and reduce their cost of trading in the global market. The service providers gain access to the wide range of users through moduleTrade. It acts as an important link to the users so that they can connect with the global trade network and start doing easy transactions in ModulTrade secure ecosystem.
As per the statement of the CEO of ModulTrade, the company has successfully completed the token sale and also intends to launch its venture in 2018. With the team of highly qualified and experienced experts, ModulTrade is continuously working to test, re-build and revolutionize the technology that sounds less feasible as of now. The company has the efficient team and processes that together support their clients to get them the best in the industry.
Bitcoin Talk Thread https://bitcointalk.org/index.php?topic=2240518
Web Site: https://modultrade.io/
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