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Global Block Chain Ledger, Supply Chain, Done right..

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Bringing the global supply chain into the digital age with BIS DVP Model 1 unconditional Settlement with Legal finality.

Veröffentlicht in: Wirtschaft & Finanzen
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Global Block Chain Ledger, Supply Chain, Done right..

  1. 1. Global Supply Chain Done Right? BLOCK CHAIN LEDGER MARKETPLACE 14/12/2017 9:12AM AllRightsReserved,VillageMallPtyLtd. 1
  2. 2. Today  Friction in supply chain is a big problem.  There are too many go-betweens.  There is too much to-ing and fro-ing.  The rise in uncertainty stops supply chains from working well.  Suppliers, providers and clients must deal via central third-party entities, instead of directly with each other.  What should be simple transactions turn into lengthy procedures with many steps, and unmanageable and often asymmetric risk profiles 14/12/2017 9:12 AM All Rights Reserved, VillageMall Pty Ltd. 2
  3. 3. Modern Alternative to Bill of Exchange Delivery vs Payment • Involves 4 parties, Vendor, Customer, V-bank, C-bank • Execute DVP Model 1 settlement at point of contract formation • Assign shares to 4 parties • Set threshold to require 3 parties • At completion of contract performance any 3 of 4 parties • Assign full rights to both vendor and customer Properties • Can support arbitrary number of parties and threshold • Cryptographic technical security not ACL based • DVP is immutable and unconditional with legal finality • DVP may be reversed with global governance and threshold 14/12/2017 9:12 AM All Rights Reserved, VillageMall Pty Ltd. 3
  4. 4. Supply Chain Liquidity A liquid asset is one that can be converted into cash quickly and with minimal market price impact 14/12/2017 9:12 AM All Rights Reserved, VillageMall Pty Ltd. 4
  5. 5. Trade Finance  Decoupled from on-market DVP trade execution  Workflow  Buyer obtains trade finance, before DVP trade is executed  Trade finance supplier includes Unconditional DVP settlement within risk of trade finance and legal ownership of goods by buyer from point of trade execution  Buyer repays trade financer within agreed terms  Trade financer has full transparency of DVP trade execution and final receipt of goods process  Optionally can be part of the Goods and Payment rights management 14/12/2017 9:12 AM All Rights Reserved, VillageMall Pty Ltd. 5
  6. 6. On Market Trade  AssetID supports all existing GTIN, EAN codes  Support for decentralized (Supplier) AssetID generation  As the marketplace has separate Asset and Payment Rails, there is no mixture of quantity and price, these are what a cross chain DVP trade achieves. 14/12/2017 9:12 AM All Rights Reserved, VillageMall Pty Ltd. 6
  7. 7. Delivery vs Payment  Based upon Bank of International Settlements Delivery vs Payment  DVP Model 1, unconditional settlement with legal finality  On-Market trade of any asset or goods  Single marketplace for securities and goods 14/12/2017 9:12 AM All Rights Reserved, VillageMall Pty Ltd. 7
  8. 8. Limitations  Requires immobilized goods  Limited to dematerialized or non fungible goods  Payment or goods cannot be re-assigned until after physical delivery for non dematerialized goods  Payment (cash) can be leveraged via share based risk management  Any supply chain finance is managed outside of DVP Trade, as payment leg is cash 14/12/2017 9:12 AM All Rights Reserved, VillageMall Pty Ltd. 8
  9. 9. The global Inter-ledger Protocol (ILP)  Connects all ledgers on the planet in an open stand based solution.  Supports the internet of value transfer  Logical replacement for the Internet Protocol (IP)  Permission less innovation via support for extendable industry and trading parties specific message sets ( no global standard needed).  Defined within our Australian patent ( Letter patent from May 2000).  Supports on-market global trade, via the Internet of People 14/12/2017 9:12 AM All Rights Reserved, VillageMall Pty Ltd. 9
  10. 10. Use Cases  Two party International trade 14/12/2017 9:12 AM All Rights Reserved, VillageMall Pty Ltd. 10
  11. 11. Provenance  The entities in the chain know where each asset came from.  They also know who owned it before and at what time.  Assets can be anything from iron ore and wheat to money, machines and copyrights. 14/12/2017 9:12 AM All Rights Reserved, VillageMall Pty Ltd. 11 There can be no Trust in the supply chain without Provenance
  12. 12. Two party International trade 14/12/2017 9:12 AM All Rights Reserved, VillageMall Pty Ltd. 12
  13. 13. Work Flow Trade •Order Match •Enter 4 parties (email), with threshold. •Execute DVP Trade Share •Key Splits sent to all 4 parties email address •Unconditional payment details posted by both Banks Goods Received •Each of the three parties enter splits •Full rights restored to both Vendor ( payment), Customer (goods) 14/12/2017 9:12 AM All Rights Reserved, VillageMall Pty Ltd. 13
  14. 14. Delivered via Local Marketplaces  The global supply chain solution is delivered via the community of local marketplace operators  All marketplaces are connected via the Inter-Ledger protocols and marketplace Rails 14/12/2017 9:12 AM All Rights Reserved, VillageMall Pty Ltd. 14

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