Facilitating Trade with
Blockchain Technology
Through peer-to-peer (P2P) negotiation, electronic contract execution, document exchange, and automated financial settlement, our platform enables direct transactions between buyers and sellers—without relying on expensive letters of credit or burdensome banking fees.
The commodities trading industry, valued at over $10 trillion USD in 2015, has long depended on slow, costly, and risk-laden financial instruments for transaction security. Alcomex replaces these outdated mechanisms with on-chain credit facilities, decentralized guarantees, and smart contract-driven settlements, ensuring a seamless, transparent, and cost-efficient trading experience.
Real Time review
Financial documents linked and accessible through Blockchain are reviewed and
approved in real time, reducing
the time it takes to initiate shipment
Transparent Factoring
Invoices accessed on Blockchain
provide a real-time and transparent view
into subsequent short-term financing
Disintermediation
Blockchain based escrow accounts
through Block-chain do not
require a trusted intermediary to assume risk,
eliminating the need for correspondent banks
Reduce Counterparty Risk
Bills of lading are tracked through
Blockchain, eliminating the potential
for frauds
Decentralized Contracts Execution
As contract terms are met,
status is updated on Blockchain
in real time, reducing the time and headcount
required to monitor the delivery of goods
Proof of Ownership
The title available within Blockchainprovides transparency into the location
and ownership of the goods
Automated settlement and reduced transaction fees
Contract terms executed via Smart Contract
eliminate the need for correspondent
banks and additional transaction fees
Regulatory transparency
Regulators are provided with a real-time view
of essential documents to assist in
enforcement and AML activities
How it works
1. KYC/AML and onboarding through verifiable credentials
2. Open marketplace and online orders negotiation
3. Advanced payment invoice generation
and low fees direct digital payments
4. Full guarantee issued by escrow accounts on a smart contracts
4. Digital documents management and certificates upload
6. Land and Sea Transport
7. Digital quality check acknowledge
Technology
Alcomex platform is running on ICP protocol.The Internet Computer blockchain protocol enables you to build anything without traditional IT and Big Tech. It hosts decentralized serverless compute that's simpler, immune to cyber attack, unstoppable, and controllable by DAOs. Create web3 social networks and media, socialfi, games, multi-chain dapps, AI, or an enterprise app. The internet is evolving.
Why blokchain
Blockchain technology significantly optimizes international trade in several key ways:
- Efficiency and Automation: Blockchain streamlines various processes in international trade that are currently manual, slow, and prone to errors. The use of smart contracts automates the execution of agreements, such as payments and the release of goods, once predefined conditions are met. This reduces the need for intermediaries and speeds up the overall trade process.
- Transparency and Traceability: Blockchain provides a transparent and immutable ledger where all parties involved in a trade transaction can view and verify the details in real time. This reduces the risk of fraud, such as duplicate financing or tampering with shipping documents, and ensures that all parties have access to the same information, reducing disputes.
- Reduced Costs and Risks: By eliminating the need for intermediaries, such as correspondent banks, and automating manual processes, blockchain reduces the costs associated with international trade. Additionally, the enhanced transparency and security provided by blockchain help reduce counterparty risk and the potential for fraudulent activities.
- Regulatory Compliance and AML: Blockchain improves compliance with regulatory requirements, such as anti-money laundering (AML) checks, by providing a clear and auditable trail of transactions. This is particularly beneficial in international trade, where different jurisdictions may have varying regulatory requirements.
- Sustainability and ESG Integration: Blockchain supports the integration of environmental, social, and governance (ESG) factors into international trade. Blockchain is used to track and verify the sustainability credentials of goods being traded, ensuring that products meet certain environmental standards. This is especially relevant as global trade increasingly incorporates ESG considerations.
About us
Our mission is to revolutionize global trade by empowering growers and buyers with smart, secure and efficiente trade solutions. Our blockchain-powered marketplace provides real-time traceability, transparency and financing, simplifying supply chains and reducing risk for all parties.
Alcomex provides a unique decentralized platform for exporters and importers to engage in the most secure and transparent INCOTERMS transactions, access to financing for their operations, and benefit from real-time, traceability and transparency.
Fundings & Grants
300'000 USD
Innosuisse funding, Swiss Innovation Agengy and SUPSI University
75'000 USD
Alcomex has been funded by the ICP incubation program in Lugano, Switzerland.
The Team
Diego Candolo
CEO
