Trade – NZ’s First Blockchain Trade Window
VerifyUnion has partnered with ASB Bank to present New Zealand's first Blockchain single trade window. All relevant documents required for a trade are uploaded, shared and validated within the platform.
This platform will save days worth of work for all those involved in the supply chain – from Bank, Exporter, Shipping company through to Insurer, and Government agencies. Instant transactions, real-time communication and collaboration.
Full provenance and immutability with a single point of truth is achieved when trading on this platform. Hyperledger Blockchain, the Blockchain technology for business, incorporates a Consensus Algorithm of Proof of Authority where all participants are known and reputable.
The digitised, automated trade process and documentation platform that is both secure and transparent also greatly reduces costs. No more paperwork means reduction in shipping and admin expenses.