Trade Finance Solution for Micro Small and Medium Enterprises (SMEs) The solutions allows the buyer / importer to deposit funds into the smart contracts. They will then be locked in the compound protocol in USDC in order to get interest and use this deposit as a collateral to allow the seller / exporter to take out a loan in its local currency.
In order to do so, the seller has to prove to be trustworthy. This can be achieved in 4 steps and the proof will be stored on the blockchain:
Depending on the resulting risk score, the seller can take out a loan between 10% to 50% of the deposited collateral. All proofs will be supplied via Chainlink oracles to the smart contract.
Frontend: React, Node.js, web3.js to interact
Solidity Development: Truffle Suite, Remix, Kovan Testnet for Prototype, Visual Studio Code
Bloom share-kit and smart contract bridge,
Chainlink external adapters,
Compound CTokenhandler & Comptroller
USDC stable coin for money flows and lending
You can find sample transactions and references documented on our github page.
We had fun in working together!