Blockchain for Trade Finance

Discover how web3 is emerging in the Trade Finance industry.

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What challenges face the Trade Finance industry?

The Trade Finance industry faces a few key challenges including: Auditing, Financing, and Multi-party Visibility.

Auditing

Inadequate auditing can result in financial inconsistencies, fraud, and loss of trust in the integrity of an organization's financial statements.

Financing

Insufficient financing can stifle business growth, impede new project investments, and obstruct financial obligations.

Multi-party Visibility

The absence of multi-party visibility can lead to confusion, miscommunication, and decision-making delays, undermining collaboration and productivity.

The more I learned about Ethereum and blockchains, the more certain I became that this technology would come to have a profound impact on the world of business.

Paul Brody

Global Blockchain Leader

,

EY

What are use cases for blockchain in the Trade Finance industry?

Blockchain can be used to solve problems in the Trade Finance industry including Invoicing, Traceability, and Remittance.

Invoicing

Blockchain technology enables seamless and transparent invoicing, ensuring a secure and efficient exchange of payment information between parties.

Traceability

Blockchain ensures supply chain traceability by creating immutable, transparent records for every step, ensuring the authenticity and origin of products.

Remittance

Blockchain ensures secure, transparent remittance transactions by eliminating intermediaries, lowering costs, and expediting cross-border transfers.

How can Alchemy help Trade Finance companies with their blockchain strategy?

Alchemy's team of blockchain experts and enterprise-grade web3 development platform can help Trade Finance companies plan, build, and scale new blockchain initiatives.

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Trace API

Gain insights into transaction processing and on-chain activity.

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Transact API

APIs and functionalities for cheaper, faster, safer, and more reliable transactions.

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Transaction Receipts API

Fetch all transaction receipts for specified blocks on supported networks.

Alchemy Webhooks is a best-in-class feature that allowed us to deliver the best push notifications for Ethereum while minimizing upkeep and engineer hours. We estimate we save $240,000 each year with Alchemy Webhooks.

Wayne Cheng

CTO

,

Rainbow

Continue learning about enterprise blockchain solutions

Read overviews written by Alchemy's team of research analysts to discover ways enterprises in the Trade Finance industry are using blockchain.

Enterprise Blockchain FAQs

Does Alchemy support permissioned blockchains?

Alchemy's supported blockchains include Layer 1s like Ethereum, Solana, and Astar, Layer 2s including Arbitrum, Starknet, Polygon zkEVM, and Optimism, as well as Polygon's PoS sidechain. Alchemy also supports Goerli, Sepolia, and Mumbai testnets. If you are interested in running a permissioned blockchain, contact our team of experts!

How can I get started building with Alchemy?

You can start building on Alchemy immediately!  Alchemy boasts the most comprehensive free tier in all of web3 development. From core node RPC services, to enhanced APIs and account abstraction infra, Alchemy's free tier has a robust set of tools and lots of capacity to start building right away. If you need more advanced tools, higher throughput, or more monthly compute units, Growth and Scale Tiers are self-serve starting at $49/month and $199/month respectively. For custom plans and enterprise SLAs, please contact our sales team!

Who can help me figure out my enterprise web3 stack?

The Alchemy Sales Team is available to answer any and all questions about the infrastructure and tooling your company needs to bring a production-ready web3 strategy to market. To get started, book a time with an expert!

Does Alchemy offer consulting services?

Alchemy does not offer formal consulting services, but our team of experts are ready to help you think through important product and infrastructure considerations. Contact a member of our sales team to start the conversation!

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Need guidance exploring web3 strategies, evaluating trusted partners, or scaling blockchain initiatives? Our team of experts is ready to help!

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