Distichain ICO

Description

Digitization of commerce has revolutionized the way goods move across borders. Digitization allows us to capture the potential of Business-to-Business (B2B) ecommerce industry. There is tremendous potential for digital solutions in the B2B industry mainly secured payments, inventory management, logistics, pricing, and market trend analysis.In the B2B trading landscape, validating the trustworthiness and the reputation of parties involved in a transaction is difficult. Trade finance plays a crucial role in B2B trading. Trading companies are often at risk as cash-in-advance or lengthy banking processes to secure trade finance are their only options. Along with the lack of trust, there are myriad challenges for B2B sellers such as the prevention of fraud and authentication of buyers.B2B trading involves numerous transactions with bulk trade, yet businesses have not been able to adopt a platform which offers increased operational efficiency and reduced risks. B2B ecommerce payment industry is touted to be valued at $2.77 trillion by 2020 in the US. Most of the B2B transactions are carried out via websites (80%) followed by emails (77%) and mobile phones (72%) as per a survey conducted on more than 500 international merchants.