Trade has always been here throughout the history of humankind. Although he way it is done and through what have changed over time, but trade has always been here. IT started with barter and came up until money. Its medium is now evolving to something else; blockchain!
Ever since trade has overcame countries and continents; excepts for politics and non-trade-related instabilities. In the meantime, traders get to put up with or undergo through a huge number of barriers and overwhelming processes.
The first and probably the most important one is the time loss importers and exporters have to put up with and make up for while waiting for certain processes to be completed. One of these processes is the swift procedure.
Money transaction between the exporter and the importer takes a lot of time since there are a number of intermediary institutions that actualize the transfer. As Coimex, we aim to reduce this time to even minutes since the money transaction will be done between the trading parties; without any third person or institution involved.
Another process that causes the time loss is the transfer of documents. Contracts and related documents with the details of the business to be done come and go between trading parties; they are being physically mailed and this takes a long time since it is countries and continents that we are talking about. It is hilarious that we are so advanced in technology as humankind and yet, the documents are still physically transferred from one place to another. Why not make use of something you have come a long with and can actually ease your way out of hardship. On Coimex platform, there is a section that enables trading parties to transfer the documents with privacy. The documents will be encrypted in the blockchain and the parties will have access through QR codes that they will be given by the system.
Meanwhile, the goods keep waiting in a place and this costs storage and money and even the loss of the goods itself because either the documents are “on their way” or the money transaction has not made yet because of the intermediary figures it travels through. With Coimex, however, the goods will ne longer be damaged or be burden to the exporter as kept waiting until certain processes are over.
Coimex sees what traders have to put of with and wants them to deal only with the business itself while eliminating the bothering and time-consuming processes that cause traders to lose money as well. The future is bright with Coimex!
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