Impact of the blockchain on the real world of Polytrade with the Trade Finance Protocol

Impact of the blockchain on the real world of Polytrade with the Trade Finance Protocol. Since Satoshi Nakamoto invented Bitcoin in 2008, there have been many conflicting opinions. Some people love cryptocurrency while others hate it. But what has been agreed cannot be ignored, and at least no longer. A big confidence boost for audiences worldwide will be when the blockchain begins to affect the real world and solve some of its real-world problems.

Impact of the blockchain on the real world of Polytrade

Polytrade brings secure and insured real assets to the crypto world. Polytrade will provide SMBs with access to low interest rates and quick funding to free up vital working capital that is being mined by crypto lenders. While the project begins with a focus on trade finance it will eventually evolve into an all-in-one small business loan protocol. This will have a direct impact on world trade, GDP and the per capita income of economies.

Polytrade was founded with the aim of harnessing a large amount of stablecoin liquidity and making it available to small and medium-sized businesses that need to fund their claims. With the Polytrade platform, SMEs (SMEs) using the platform get working capital faster and cheaper with fewer KYC compliance rules. Investors (or lenders) will have access to a unique investment opportunity largely available to banks and financial institutions. The platform offers investors a high level of security and at the same time enables them to achieve attractive returns.

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Some of the main advantages of the Polytrade platform are:
  • Automation and Ease of Use: Compared to current manual processes that are inefficient for everyone involved, the platform automates receivables financing and offers unparalleled ease of use
  • Real-time information updates: Unlike paper invoices, which are static invoices, authorized users can update their digital invoices at any time
  • Reduced risk of manipulation and fraud: There is a serious risk that paper invoices will be forged or tampered with by individual parties. However, when an invoice is included in a smart contract, the information is decentralized and stored in a public ledger that is accessible to all parties involved. If one person tries to change the invoice, others can see the request and decline it. Investors can also rely on the authenticity of the invoice and that the buyer has not pledged the invoice to other investors.

Polytrade presented its MVP at the World Blockchain Summit 2021 in Dubai on October 13th. Piyush Gupta announced the MVP in his keynote address to an audience of thought leaders including Celsius’s Alex Mashinsky, Dr. Marwan Al Zarouni, CEO of the Dubai Blockchain Center, Serguei Popov founder of the IOTA Foundation. Mainnet launches on January 10, 2022 at 10:10:10 UTC.

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Disclaimer: This is a press release, not investment advice. Before you act, do your research as we are not responsible for your investment decisions.

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