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LIQUID is the Global Pioneer of Digital Trade finance back by Blockchain technology providing trusted transaction data for a seamless, paperless, and instant trade finance experience.
Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Each block in the chain contains a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s ledger. The decentralised database managed by multiple participants is known as Distributed Ledger Technology (DLT).
Can be easily understood by Permissioned blockchains, Most enterprise blockchain applications rely upon real world trust relationships, wherein the goal is to set up a set of participants in an ecosystem with the needed insurance that the boundaries are flexible enough to bring in more participants in the future. Participants on a permissioned network are known to one another, and therefore have an intrinsic interest in participating in the consensus making process. This community of participants want to share data with a greater degree of security. Blockchains can be used to record promises, trades, transactions or simply items we never want to disappear. Mirrored exactly across all nodes in a given network, it allows everyone in an ecosystem to keep a copy of the common system of record. Nothing can ever be erased or edited. All businesses participating in a commercial ecosystem need a ledger to contain a record of transactions. It is vitally important to know that your copy of the ledger is identical to others’ in the network.
“Trusted Data”, regardless the level of trust, is data can be relied on to process information from, information used to gain knowledge, make decisions and act upon.
LIQUID leverages a feature in Hyperledger Fabric called “Channels”. Each channel represents a private blockchain for which blocks and transactions are only transmitted to those peers who are a member of that channel. Any information uploaded to a channel is only present on authorized peers, and authorized peers only store the information from the channels they are members of. Seller is the information owner about the end to end trade process, Only when seller endorsed and submitted a trade finance request to bank, the bank will have access to the information. This includes information about the companies buying and selling (such as company name and delivery address), information about what is sold, for which amount, warehouse’s pick-up note, delivery note, sign receipt and which services are procured.

As a neutral 3rd party organization, LIQUID integrated with different supply chain management system, e Procurement system , Warehouse management system (WTS), and Transportation management system (TMS) with blockchain technology. LIQUID’s data is immutable, secure, traceable and reliable.

Creating a LIQUID account as step 1, LIQUID will support to centralize data from different platform and put it into the “block”
The Company, seller in case of trade finance application, is the data owner. they have the only access right of how to use their trusted data, it can be used for proof of business , supporting document for trade finance request or audit purpose.
This product may be offered by a seller’s bank. The seller will request finance from its bank on LIQUID, based on an invoice that the buyer has accepted via LIQUID’s e Procurement system partner. The financed amount will include a discount to the invoiced amount. The seller’s bank then has a right to recover the relevant amount that it has advanced to the seller by debiting an amount equal to the invoiced amount on the seller’s bank account, and having full recourse to the seller.
LIUQID is a natural organization providing trusted data, the interest and related terms on trade finance is subject to the agreement between seller and bank

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