[ICO][ANN] ???? ENVOY - a decentralised trade finance marketplace ????

[ICO][ANN] ???? ENVOY - a decentralised trade finance marketplace ????

ENVOYThe disruptive trade finance marketplace, built to better global commerce.Website | Whitepaper [soon] | Telegram | Facebook | Twitter | Medium | Reddit| LinkedInEnvoy is a trade finance marketplace powered by blockchain. We have unified the old with the new by creating an interoperable platform that is both a legacy system compatible and blockchain-agnostic.Bringing together the siloed systems used by different stakeholders around the world, simplifying supply chain processes and dramatically increasing liquidity, Envoy will transform the way businesses and investors interact through advanced Know Your Customer (KYC) procedures, superior automation and by championing cross-border collaboration.Bounty Program is LiveBuilding The Future Of Trade Finance On BlockchainBlockchain is the panacea to trade finance’s pain points.A type of distributed ledger technology (DLT), blockchain can be used to record the details oftransactions, apply cryptography to the data and then distribute the updated ledger across thenetwork for all to see. For this reason, it is the perfect solution for trade finance and supply chainsbecause, much like complex supply chains themselves, the data isn’t centralised. There isn’t one clear or dominant owner who controls all elements, and information added to the blockchain must be validated by consensus.Introducing EnvoyWe are going to turn the world of trade finance on its head by creating a marketplace that will unlock previously unavailable liquidity by tokenizing access and allowing individuals and institutions to crowdfund the trade financing process. Disrupting the barriers that both buyers and sellers face to free up cash flows, and cutting out the network of affiliate banks and the mess of paperwork and commissions that goes along with it, we will make funding trades easier, more efficient and better available to businesses looking to claim their place on the world stage. What’s more, we will allow individuals, who would have otherwise been unable to do so on their own, to participate in the lucrative trade finance industry. Powered by blockchain, Envoy will bring together stakeholders at every stage of the trade finance supply chain in a highly secure, totally transparent and risk-averse environment.Generating smart contracts that provide assurances to all parties, we will give our users the insights they need to make better financial decisions and encourage staking in businesses they believe in. By settling transactions on Corda’s cutting edge platform, friction points are finely polished and business operations smoothed to get goods moving, get them selling and get revenue streams surging.Why Corda?Corda was selected as the blockchain rail for the Envoy platform because it was custom built with trade finance and supply chain in mind. And with their enterprise solution rolled out on six continents and currently being used by over 200 companies, it is the largest and best supported platform in the space. An open-source solution that removes costly friction in business transactions, Corda is simple to use, relatively easy to get up and running and natively provides many essential trade financefunctions and comprehensive financial settlements protocols.Key amongst these are:● KYC procedures● Reference data● Credit rating data● Trade finance orchestrations● Dual use goods checks● Sanction screening servicesAll of which we can plug-in and use to immediately kickstart the Envoy marketplace. Utilising smart contract and blockchain technology, Corda allows b

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