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Description
For small and medium sized manufactures, international sales and after-sales logistics with its complicated structure is a challenge that requires highly qualified human resources and the processes are time- and resource consuming. Nordic Trade Hub creates an opportunity for cooperation between manufactures, merchants, logistics-, insurance companies and financial institutions. The trading platform will allow signing all the required contracts in the form of “smart contracts” directly from user’s device. The electronic system also lowers paper consumption therefore reducing the ecological footprint.
The broader outcome is increased exports with the slightest time, labor and resource waste. The additional vital outcome will be wider introduction of blockchain based innovative solutions in international trade sector.
The output of the project is an innovative IT solution - Nordic TradeHub, a software or trading platform for producers and wholesalers, with strong focus on supporting services like logistic, insurance and financing. Nordic TradeHub users will have an opportunity to sign a sale, insurance, logistics and finance contracts directly from their computers or mobile phones. The innovative blockchain based “smart contracts” will be used for contracting.
Summary of project results
Project activities have been completed. Project promoter did not participate in the main call competition.