Trade finance

The growth of the trade finance market depends to a large extent on the reliability and availability of financial mechanisms. Trade finance is indeed considered to be the fuel of global trade. However, there is an uncomfortable truth that trade finance is currently associated with a great deal of inefficiency. Not to mention the extreme vulnerability to fraudulent trading. Our typical reliance on the paper system is in dire need of change. It's time to move to more controlled and digitised solutions to secure the industry. The principle at https://unicsoft.com/ is to identify the right approach, the right technology and the right architecture based on the problems or pain points we need to solve. With the introduction of blockchain technology, many financial institutions are now wondering how it will affect the trade finance sector. Needless to say, blockchain has proven its value more than once and it also reduces the problems in this niche. There is a lot of time-consuming manual work everywhere: finding the right supplier, filling in all the necessary documents, etc. In addition, the physical movement of documents around the world leads to significant time delays. It is difficult for market participants to keep track of whether a particular supplier is reasonably priced and to find good deals. In addition, documents need to be checked and collated manually, which can lead to high costs of human error.