sabqie: ModulTrade

ModulTrade is one of the first blockchain projects in the financial trading sector, starting to be marketed with the new digital trading concept: enabling small businesses from all over the world to trade efficiently, safely and easily. An intelligent contract-based eco system, ModulTrade will provide comprehensive services, minimal traditional costs and support for cross-border trade with emerging markets, including micro, small and medium enterprises (MSMEs).

The current trade finance system of letters of credit, and guarantees against counterparty risks offered by intermediary banks benefit large corporations that have a scale and sales volume to support the process. Small companies are excluded because they are expensive and therefore excluded to grow sales and income.

Blockchain technology and smart contracts provide natural solutions for trade finance. ModulTrade has designed a platform, a closed eco system, called the ModulTrade Value Eco-system where businesses can join and through which they connect with prospects, commit and trade.

ModulTrade has laid the foundation for creating a value ecosystem for global trade: digital blockchain network value structures that are real-time, global, connected, digital and cost-effective, with features to support further fintech solutions. Developed by a third party.

ModulTrade's Value Ecosystem (MVE) is based on MSP (a multi-sided platform), which aims to create value through network effects for the following three main constituents: Counterparties trading (users), 3rd party related service providers, software developers

With blockchain technology as our ecosystem base, this platform will work by connecting users through four main components:

Blockchain-based multi-platform multi-platform platform: to replicate Letter of Credit and Guarantee instruments and to offer users of this service in a trustworthy and cost-effective manner, as well as connecting to other services. such as logistics and insurance;

Trade-related service platforms: to facilitate the implementation of trade through 3rd party service providers such as payments, logistics, financing, taxes and bookkeeping;

Trade & Reputation Networks: to facilitate monetary transactions users in their capital reputation become a function of collaboration that has a good reputation in the ecosystem;

Market: to find reliable counterparties globally and make optimal choices and prices.

The ModulTrade platform brings sellers and buyers through a series of easy steps to follow bank replication letters without banks:

The seller makes a proposal on the system.

The proposal is sent to the market where potential buyers can see it.

The buyer checks the product and agrees to buy.

After that, both parties can watch and match the shipment of goods by releasing funds.

One of the main technological limitations of any Ethereum based solution is scalability: Ethereum can currently handle from 7-13 transactions per second if

Smart contracts are relatively lightweight. This is clearly a bottleneck for any application that aims to grow a large number of transactions. There are several approaches that ModulTrade can employ for

handle this problem and we believe that scalability does not have to be considered a serious obstacle.

In the ModulTrade case, two of the most important metrics:

the average number of transactions per second

Maximum fair latency between contract transactions is the same.

Latency transactions are not a problem for ModulTrade. This type of contract that the support platform will usually allow up to 1 day latency. In the future, when ModulTrade is to market and processes that require fast execution, latency requirements can potentially be raised for several hours, but it is impossible for one minute. This allows us to relax platform requirements on the number of simultaneous transactions.