Blockchain for Wholesale Trade
Discover how web3 is emerging in the Wholesale Trade industry.
Companies we’ve helped with their web3 strategy
What challenges face the Wholesale Trade industry?
The Wholesale Trade industry faces a few key challenges including: Financing, Invoicing and Payouts.
Insufficient financing can stifle business growth, impede new project investments, and obstruct financial obligations.
Manual invoicing processes can lead to delayed payments and record-keeping errors.
Payout issues, such as delayed or incorrect fund distribution, can lead to financial discrepancies and dissatisfied recipients.
Blockchain technology could change our world more than people imagine.
Jack Ma
CEO, Alibaba
What are use cases for blockchain in the Wholesale Trade industry?
Blockchain can be used to solve problems in the Wholesale Trade industry including Traceability, Asset Exchange and Cross Border Payments.
Blockchain ensures supply chain traceability by creating immutable, transparent records for every step, ensuring the authenticity and origin of products.
Blockchain can be used for asset exchange, offering a decentralized and transparent platform that enables users to trade and transfer asset ownership securely without intermediaries.
Blockchain technology can be used for cross-border payments, offering a transparent, efficient, and secure method for transferring funds across different currencies and countries, eliminating the need for intermediaries.
How can Alchemy help Wholesale Trade companies with their blockchain strategy?
Alchemy's team of blockchain experts and enterprise-grade web3 development platform can help Healthcare companies plan, build, and scale new blockchain initiatives.
Previously, we couldn't automate bookkeeping for on and off-chain purchases within our carbon removal marketplace. With Alchemy's Custom Webhooks, we can instantly get notified about the most recent on-chain transactions and can merge that information with off-chain data. The key thing for us here is that this data is 100% reliable, so we know we can safely show it to our users in the frontend.
Jaycen Horton
Co-founder, Nori