Tradeora

Tradeora - Trade Oracles for Verifiable Trade Loans and Insurance
Tradeora
Tradeora Flow

Inspiration

Tradeora

Tradeora - Trade finance oracles for Verifiable Trade Loans and Insurance

     Focus: MicroSmallandMediumEnterprises 

     Proprietorship business –  10 K to 1 M USD Loans 
                 At the Low end of Goods and Service Tax or NOT yet in GST
                 Exports - Nuetracueticals, Textiles, Food. Imports – Electronics, Chemicals, Raw Material
                 Needs access to formal finance

    Specific painpoints and Problem Statement

                Working capital gaps and “Export/ Import” Credits. They produce BLs for loans. 
                Input Tax Credit Receivables, and Export Duty subsidies eventually arrive but puts lot of short-term 
                cash flow deficit
                Most of these businesses are operations-oriented and current options for them are very high in 
                interest rates.
                Decentralized solutions are emerging, but they have difficulties in verification due to distance and
                jurisdictions and need reliable oracles

What it does

** Trade Finance Oracles for Defi risk mitigation: **

   Consent based access through emerging stacks 
           ( Example  India – Account Aggregator )


   Connectivity through ChainLink adapters 

             Audited Financials – ITR 3 – India IncomeTax
             Bill of Lading Verifications - TradeLens
         Ocean Logistics Events – Multiple APIs

    Flow-based risk assessments for Lenders / Insurers

How we built it

   Smart Contract : Ethereum

   Connectivity through ChainLink adapters 
             Audited Financials – ITR 3 – India IncomeTax
             Bill of Lading Verifications - TradeLens
         Ocean Logistics Events – Multiple APIs

    DAPP - Web3 JS . Truffle , Kovan Testnet

Challenges we ran into

  Identification of sources that could feed meaningful data to the smart contracts

Accomplishments that we're proud of

   ** Connectivity through ChainLink adapters **
             Audited Financials – ITR 3 – India IncomeTax
             Bill of Lading Verifications - TradeLens
         Ocean Logistics Events –  SeaRoutes, MarineTraffic

What we learned

   The payload management when injecting external data in to smart contracts needs to be designed carefully
   The opportunity in EXIM trade is real and is promising to achieve financial inclusivity

What's next for Tradeora

   Extend Connectivity through ChainLink to Harmony protocol concentrating on cross-border finance.
   Extend Connectivity to Account Aggregator India gateway
   Extend Connectivity to other prominent trade documentation platforms