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CORONAVIRUS HAS CHANGED HOW TRADE IS DONE
About This Site
Scotland has a Western-style open mixed economy closely linked with the rest of the UK and the wider world. Edinburgh is the financial services centre of Scotland, with many large finance firms based there, including: Lloyds Banking Group; the Royal Bank of Scotland and Standard Life. This is a Blockchains.Business site. Blockchains.Business is an IBM Partner Programme. Access Cloud Connect Direct for IBM through BT Local Business, here.
Covid-19 has changed the way Trade is done. Video Conferencing and Blockchain are important elements of Post Covid Trade that are featured on this site. Their benefits are featured below. This site is a Covid Adapted Trade Gateway with features as below.
Benefits Of Blockchain For Trade
Current Supply Chains are very inefficient, complex, and lack transparency. A major benefit to Buyers of Blockchain, is the transparency it provides and how it simplifies admin and payment. Blockchain can lower the cost of transactions, increase the speed of transactions where required, and provide greater efficiency.
The Coronavirus Pandemic has exposed many inherent weaknesses in traditional Supply Chains. Many experts have realized that the decentralized nature of blockchains, and the way they facilitate transactions, can help address these issues. With blockchain there's an immutable record of all the transactions and all the loads that move through the system. Products along the supply chain, can be easily tracked in real time.
Benefits of Video Conferencing For Trade
Video Conferencing has now become an essential prop for Trade.
The Video Conferencing Programme featured on this site from Conferences.Center, will help enable business relationships, and plan projects.
Conferences.Center facilitates Video conferences, online meetings, and chat sessions. These play a significant role in providing and maintaining good communication which is very important for Trade.
Linking Trade Buyers With Suppliers
Our Regional .Trade Networks can provide a channel for trade, locally, nationally, and internationally. Our Industry .Trade Networks can provide Industry Specific B2B Trade Channels. Follow the Trade Networks link above for more details. Training and Support Available
Transactions can be facilitated by the blockchain. The provenance of products can also be certified on the Blockchain. Inspection by an Inspection Agency acceptable to the Buyer, can also be undertaken.
Please contact us for further details. Register to be advised of our services and offerings as they arise and to be able to use the services you require
Part of a .Trade Network
Buyers, can enjoy the benefits of accessing suppliers easily, wherever they are.
Suppliers, can also access buyers, as part of a Blockchain Facilitated Programme.
The Programme is part of a wider Trade Networks Programme, which brings together Buyers, Manufacturers, Sellers, Supply Chain Finance Providers, and other players in relevant Supply chains.
The Coronavirus Pandemic means that the way business is done will never be the same again. However, it has thrown up new opportunities. Those who adapt fast and digitize their business, will be able to take advantage of these new opportunities. This site can help organizations take advantage of those new opportunities.
Participating Retailer Buyers also have an option to use our Stores.IM programme to reach their consumer buyers in an integrated and innovative manner that can enhance efficiency and increase profits. Contact us for more information.
We can offer a range of Blockchain services if required. As far as Blockchain Adoption is concerned, it can be overwhelming for organizations to consider adopting a new process that also requires a steep learning curve of a new technology.
Users of this site can be offered a simple entry point to utilize Blockchain for Trade, in a relatively simple and straightforward manner that requires no technical integration. A full training and support Programme is also available on request. Please contact us for more information.
All trade parties on the Blockchain can share data as they deem appropriate. Some Features of the Blockchain are detailed below.
Blockchain can eliminate the need for trust in transactions, thanks to the fact that it facilitates the use of transparent and immutable smart contracts.
Blockchain offers potential for easing and speeding up transactions between trading partners. Advantages include:
- Improving supply chain visibility and transparency
- Reduction of transaction costs
- Tracking of products moving through the supply chain
- Facilitating the sharing of information across the Supply Chain
Please contact us for more information on the above. Please also see links below that can help access useful information, as well as useful online services for Trade.
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