Project Overview
An international Suppliers & Buyers network supported by AXIchain's digital cash payment solution and hands-free export document & freight management process, at your fingertips!
Organisation
Project Context
Axichain is the leading global enabler for a systematic commodities export trading and supply chain management platform. In short, a farmer can sell product to international markets whilst standing in his/her paddock almost hands free reducing cost and increased profits.
International commodities trade is complex and paper driven which is inefficient and costly.
1. Finding a trusted buyer or supplier - The due diligence process can take months with no guarantee of a positive outcome of a trade.
2. Complex process - 57 steps to complete an international trade, 30 documents in a beef trade process, complicated contracts favours the buyer.
3. Payment & money issues - he global trade finance gap is ~US$ 1.5 Trillion p.a., with 60% of trade finance requests from small businesses refused by banks, letter of Credit (LC), requires 10 steps and 4 banks which is used in over $2.3 Trillion of all trade transactions globally
4. Authentication track & trace - Beef – Poor to nil provenance data - $163 Million lost due to poor carcass specifications in Australia. Fake Beef - PricewaterhouseCoopers (PwC) estimates that every second kilogram of beef sold in China under the banner of being Australian, isn't Australian beef. Global Food lost - $1.3 Billion of food lost to waste each year because of lack of modernisation, technology and innovation. Food fraud costs $65 Billion yearly according to PwC agribusiness.
5. Logistic inefficiencies - Supply chain inefficiencies cost nearly $2 Billion per annum in the UK. A game of distorted messaging from person to person and entity to entity across the supply chain. In sum, more than 100 million hours of time are wasted per year in procurement, supplier management and freight-administration (paperwork).
Project Innovation
The AXIchain solution reduces the number of steps to 3 and automates freight and documentation making it hands free for Users.
Axichain National digital inventory system offers farmers to list/sell cattle/sheep wishing to sell internationally and bypass saleyards.
Technology to International Buyer:
Market Place Matching service
Request for Product
Negotiation/Chat
mNVD, livestock inventory and farm management Tools
Provenance Data
Instant Payment Service
Improved FX rates
Escrow Type Transparency
Freight and Insurance Management
Document Management (DAFF, COO, Health Certificate, RFP) etc
Track and Trace from farm (QR code ) Blockchain
Smart Contract
Commercial - Systems
Commercial projects recognises that design is the means to create meaningful experiences for users, create value for people and drive profit for businesses.
All systems are designed to serve a purpose – and that purpose is to serve people. Systems design optimises systems performance by systematically focusing on the human component - human capacities, abilities, limitations and aspirations.
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