International Commodity Trading on the Ethereum Blockchain that reduces costs by 15%-50% and eliminates traders, brokers and banks.
Trading goods between countries is a $12-15 Trillion per year market.
A ConnectX.com Product Module.
Buyers and suppliers of international commodities use the Exportly mobile or tablet app.
Buyer’s select the commodity, chose a supplier and deposit funds in "escrow" via a smart contract on the Ethereum Blockchain alerting the supplier to package, insure, load and ship the cargo.
Once the goods have arrived and are accepted by the buyer, the Ethereum smart contract releases the funds to the supplier.
Cargo ship GPS tracking, IoT devices related to the products and containers and all documents are stored on the Blockchain.
The buyer can then manage the selling of the goods just delivered with their buyers using Exportly.