Trade Finance
Discover how FARI is transforming the global trade finance network.
The trade finance industry is one that stands to greatly benefit from introduction of blockchain/DLT applications. The existing trade finance infrastructure is heavily reliant on paper processes while it needs multiple participants to collaborate. This fragmented procedure is cumbersome on all parties involved, whether it’s banks, logistics, importers, exporters and others.
Increased costs and operational risks associated with existing paper-based trade finance can be transformed using blockchain to enhance visibility over the financial supply chains. FARI is leveraging blockchain to optimize and digitize global trade and supply chains.
Why FARI?
Immutable records on our blockchain means improved regulatory compliance and auditing
Visible provenance data universally verifiable by all participating entities
Unlock liquidity by reducing documentary credit timelines
Perform global trade transactions with smart contracts serving as legal representation of trade documents