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Envoy 2.75/5 (1) - Trade finance market place

ENVOY: THE FUTURE OF TRADE FINANCE ON BLOCKCHAIN Blockchain is the panacea to trade finance’s pain points. A type of distributed ledger technology (DLT), blockchain can be used to record the details of transactions, apply cryptography to the data and then distribute the updated ledger across the network for all to see. For this reason, it is the perfect solution for trade finance and supply chains because, 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. HOW TRADE FINANCE ON THE BLOCKCHAIN CAN WORK: Once a...

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2.8
Hype2.0
Security3.0
Team3.0
Vision3.0
  • Token: NVOY
  • Price: 1 ETH= 1,533 NVOY
  • Country: Estonia
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ENVOY: THE FUTURE OF TRADE FINANCE ON BLOCKCHAIN

Blockchain is the panacea to trade finance’s pain points. A type of distributed ledger technology (DLT), blockchain can be used to record the details of transactions, apply cryptography to the data and then distribute the updated ledger across the network for all to see. For this reason, it is the perfect solution for trade finance and supply chains because, 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.

HOW TRADE FINANCE ON THE BLOCKCHAIN CAN WORK:

Once a transaction happens on the blockchain, it is validated, secured cryptographically with a time stamp, and a copy of the altered ledger is distributed to all nodes of the system. The sovereignty of a deal is then protected by preventing anyone tampering with the entry. This is known as immutability. Paper-intensive processes such as drawing up bills of lading, letters of credit, title papers, quality certificates and many more – can now be digitised and securely stamped, creating an indelible record that will last forever. When it comes to supply chain finance (SCF), blockchain can also be used to register the transfer of goods as a transaction, and create a record of all parties involved and their actions. This makes it is possible to trace the provenance of every single product back to even the original raw materials used in manufacturing. Thus, together with immutability, notarisation and assured provenance, transparency is a core blockchain attribute. Such transparency will dramatically cut third party costs, help pinpoint weaknesses in mere seconds and provide absolute finality on disputes. In turn, investors can truly understand what they are financing and make giant steps towards reducing regulatory and reputational risks.

Vision: unlocking the full potential of global trade finance through ai and the blockchain

Mission: use the best of blockchain and AI technology to create a frictionless system of global trade finance. Transactions with Envoy will be faster, more cost-effective and safer than ever before. The Envoy ecosystem will finally unlock the trillions of dollars worth of assets that are trapped within the finance system and bring new streams of liquidity via a marketplace of financiers and invoices using private ledger enhancement.

 

Team

ONG JUN HAO

Marketing Strategic Advisor

Lee Tarone

ENVOY FOUNDER, CEO

Tatiana Stepanova

DESIGNER AND VISUAL STORYTELLER, BLOCKCHAIN ENTHUSIAST

Sergey Valuy

CHIEF TECHNOLOGY OFFICER

Sergey Kudriavtsev

BLOCKCHAIN ENGINEER

Darya Chyhileichyk

BUSINESS ANALYST

Vitali Yermakou

CHIEF BUSINESS DEVELOPMENT OFFICER

Veranika Rymzha

BUSINESS DEVELOPMENT PROFESSIONAL

Anastasia Nikonova

TECHNICAL WRITER

Milestones

  • Q4 2017
    Vision of Envoy Formed
  • Q1 2018
    Team and Strategic Partners Formed
  • Q2 2018
    Smartym Development Team
  • Q3 2018
    Smart Contract Developmen Whitelist Marketing Campaign / Events / Seminars NVOY Wallet Creation
  • Q4 2018
    TGE Token Issuance
  • Q2 2019
    Platform Build
  • Q3 2019
    Beta Testing
  • Q4 2019
    Platform Launch

Token

  • Platform: Ethereum
  • Price: 1 ETH= 1,533 NVOY
  • Accepting: ETH, BTC
  • Token distribution: 60% - ICO 10% - Special allocation / reserve 9% - Advisors/team 6% - Bounty/marketing/partners/airdrop 6% - Strategic partnerships 3% - Exchanges
  • Soft cap: 6,000 ETH
  • Hard cap: 60,000 ETH

Proof Points
3/5

Legal entity

https://portal.kyckr.com/companySearchResults.aspx

Prehistory of project

No Prehistory of project were found

Product or its MVP

There are only screenshots (http://envoytoken.io/mvp.pdf) of MVP on the website

Blockchain experience

CTO Leonard Tan – Co-Founder at Torus

 

Advisor Ong Jun Hao – Advisor at Big Bang TokensNatmin Pure Escrow

 

DESIGNER AND VISUAL STORYTELLER, BLOCKCHAIN ENTHUSIAST Tatiana Stepanova – Content Designer and Visual Storyteller at Desto

BLOCKCHAIN ENGINEER Sergey Kudriavtsev – Founder at ICO Founder

ADVISOR George Lindsell – Software Engineer at State Street

Escrow

No Escrow information were found

Comments

Update 26/10/2018

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