December - 2020 19logisticstechoutlook.comTradeline was born out of the need to transform the global commodities trading industryreports, and more. Furthermore, it allows clients to swiftly generate error-free invoices based on preferred standards of involved parties and securely circulate e-invoices.2) Trade Financing: Tradeline focuses on eliminating the errors associated with documents such as the letter of credit by automating its processes. The platform also reduces the average time and cost required to orchestrate the cargo documents, trade financing processes, and error-prone invoicing procedures. By digitising the workflow, Tradeline helps its clients save millions of dollars per year on couriering of documents. Additionally, on an average, Tradeline reduces the time required to complete clients' operations by 87 per cent. 3) Supply Chain: Tradeline's supply chain offerings enable its clients with all the necessary tools to optimise their post-trade operational workflow. This offering makes document generation and exchanges simple, encouraging paperless trade. The blockchain-based platform creates and shares essential documents such as Bills of Lading, Certificates of Origin, and more according to the clients' compliance needs. Furthermore, the platform enables secure circulation, tracking, and proof of authenticity to eliminate unnecessary disputes and delays. One of the features of the platform that helps in removing conflicts is enabling chat between counterparties. For instance, Shell and BP entered into a contract, and there is a dispute regarding the bills of lading. To solve the dispute, Tradeline creates a single trade group chat for both the counterparties to upload documents and discuss eliminating the conflict.One of the unique aspects of Tradeline is that even if one of the counterparties doesn't use Tradeline's platform, the one using it can send a one-time link with a code. The other counterparty can log in with the code and get redirected to the platform. This way, Tradeline users can ensure coherence and quality throughout the Trade Lifecycle. A recent survey conducted by Tradeline with 15 of its existing counterparties revealed that the company's ecosystem can help post-trade workflows by reducing the time taken for supply chain operations by 79 percent, trade finance operations by c.39 percent, and the probability of error by c.82 percent while helping organisations avoid demurrage costs, minimising risk, and optimising asset utilisation. With its proven ability to optimally combine digital technology and the complicated commodity trading procedure, Tradeline has carved a niche for itself. Tradeline's platform has extended its capabilities beyond the commodities market and in soon to be announced projects. "We have built something quite extraordinary, and we have revolutionised the commodities world. It is important to tell people that digitalising the commodities world is necessary. We are transforming the commodities space, but we will start releasing tools for other industries as well," concludes Laskaratos.
< Page 9 | Page 11 >