Hello World!
We are testing our first product — Barter Block™,
a cross-border trading platform with smart bartering
Problems
Commodity supply chain in low-trust developing markets
Friction
US$
Middlemen


Conversion of local currencies to US$, middlemen and paper-based processes all add to the costs of x-border trading, reducing the profit pool available to commodity producers
Funding
High-cost funding
Illiquid assets


Supply chain financing including loans to commodity producers are difficult and too expensive to obtain, due to perceived high risks and lack of reliable risk data
Fairness
Farmers earn little
but bear most of the risk


Commodity producers including farmers bear the brunt of price shocks. The nature of competition also favors large and downstream players
BinkabiDEX — Commodity exchanges
Barter Block™ — Cross-border trading
Funding and hedging solutions
Solutions
Protocol
Applications
Commodity tokenization protocol powers a wide range of applications
Supply chain players
Farmers
Crypto investors
Benefits
Binkabi creates "digital path" connecting developing markets and solving trust issues
Brings real transformation to the communities we work with
Annual market size
Trade
$6 trillions
___
Global trade among developing countries

10% - 25% of trade value goes to intermediaries

Payments
$1.8 trillions
___
Potential Barter Block™ volumes among the 33 largest developing countries

7% - 10% of trade value lost to FX conversion and transfer

Trade Finance
$1.5 trillions
___
Trade finance gap mainly affects SMEs in developing markets

20%+ interest rate paid by SMEs in Africa
BKBi – A utility token
The Binkabi network is powered by BKBi, a membership and discount token designed to align interests, govern performance and reward active participation of Binkabi members
Platform access
BKBi is required for membership
Airdrop to early adopters to jump start the network
Reward
Users are incentivized to form Barter Blocks. Barter Block reward is paid (mined) in BKBi token
Platform fee discount
Perpetual discount on transaction fees.
Max 100% discount with enough BKBi activated
Staking
Users need to lock up BKBi during trade. This acts as a performance bond which is linked to reputation rating
Roadmap
1
2008 - 2011
Quan, Andrew and Manrui worked together in PwC London on
  • 'The day after tomorrow' - PwC thought piece on the impact of the global financial crisis.
  • Banking reform in Nigeria - Advised the Central Bank of Nigeria on the strategy to reform the sector in the aftermath of Nigeria's own financial crisis (a spill-over from the global financial crisis and the collapse of crude oil prices)
2
2011
Quan started growmoreX
  • Worked on over 30 projects, 100,000 ha+ land across 10+ countries in West Africa and Southeast Asia.
  • Main clients include Diageo, Unilever, Standard Chartered, Olam, IFAD, CIMAF, etc.
3
Q3 2017
Quan, Andrew and Manrui co-founded Binkabi
  • Tokenization protocol and Barter Block concept formed
  • Sir Henry Bellingham appointed as Chairman of Advisory Board
  • Partnered with Mattereum for legally-enforceable smart contracts
4
Q4 2017
  • Cryptoeconomics of BKBi designed
  • Partnered with Sweetbridge and Ecobank
5
Q1 2018
Barter Block™
  • Platform designed
Tokenization Protocol
  • Use case formation
Partnered with TomoChain
6
Q2 2018
Barter Block™
  • Closed Beta testing
Tokenization Protocol
  • Partnered with TAK Group, one of the biggest agriculture groups in Africa with over 500,000MT warehouse capacity to build the world's first blockchain-based commodity exchange
Joined Consensys' Blockchain for Social Impact Coalition
7
ddd
1
Q3 2018
Barter Block™
  • Early Adopters Programme launch (31 July in Hanoi)
Tokenization Protocol
  • Launch pilots for tokenizing, trading and redeeming commodities in Nigeria
  • Blockchain-based commodity exchange design
2
Q4 2018
Barter Block™
  • Beta launch
  • Live cross border commodity pilot trades
Tokenization Protocol
  • Further pilots for tokening, trading and redeeming commodities
  • Closed Beta launch for blockchain-based commodity exchange in Africa.
3
Q1 2019
Barter Block™
  • Full launch
  • Full opening of the platform to any users in initial corridors
Tokenisation Protocol
  • Full launch
Documentation
Whitepaper
DOWNLOAD
One pager
DOWNLOAD
Product specs
COMING SOON
Team
Quan Le
CEO
Dr. Andrew S. Nevin
Chief Economist
Manrui Tang
COO
David Bonar
CFO
Thomas Barker
Acting CTO
Quan Le
Founder and CEO
Quan Le has over 20-year experience in high finance, technology and commodities. He grew up in Vietnam and was educated in Vietnam and Australia. Quan spent over 10 years in Hanoi, Sydney and London, advising global financial services groups in complex financial products and strategy. In 2011, Quan founded growmoreX, an agriculture technology firm bringing proven crop know-how from Asia to Africa. Binkabi was born out of this unique confluence of real-life experiences and the need of commodity supply chain players in emerging markets. Quan invented the Barter Block™ protocol, designed the Binkabi platform and its crypto-economics framework. Quan holds master's degree in applied finance and still walks the fields of Africa and Asia.
Dr. Andrew S. Nevin
Co-founder and Chief Economist
Dr. Andrew S. Nevin is a leading global thinker with over 30 years of professional experience as a strategy consultant, economist, line manager, entrepreneur and private equity investor. In his professional career he has lived in Asia, North America, and Europe. Since early 2012, he has been based in Lagos, Nigeria in his role as Partner of PwC and Chief Economist of both PwC and Binkabi to try to create a strong and vibrant economy in the world's most dynamic continent. He is a frequent TV commentator (CNBC) on global and African economic affairs. His personal economics writing (www.nevinomics.ca) focuses on shifting thinking from a GDP lens to a Flourishing lens. Dr. Andrew S. Nevin holds an undergraduate degree in computer science and has a PhD in Economics from Harvard University where he was a Rhodes scholar.
Manrui Tang
Co-founder and COO
Manrui Tang is the Co-founder and COO with overall responsibilities for operations and funding. After graduating from Imperial College and the London School of Economics, Manrui spent 10 years in M&A advisory with PwC and National Grid in the UK where she worked on some of the most high-profile financial services and energy transactions. Manrui is a chartered accountant. In addition to technical expertise, she excels in managing multidisciplinary and multicultural teams to deliver their best.

Growing up in China, Manrui is the first generation of China's single child regime. In addition to co-founding Binkabi, Manrui is also a mother of two young children.
David Bonar
CFO
David has over 20 years in corporate finance, tax, and treasury with National Grid in the UK. He was instrumental in structuring of the highly complex, £13.8bn disposal of NG's gas distribution asset in 2016. As Binkabi's CFO, David will design and oversee the implementation of our treasury operations to ensure the system's resilience to support our customers' needs. He has received graduate degrees in physics, math, and computer science after graduating from Oxford University with a degree in law. He is also a chartered accountant. In his free time, David sings in his local community choir.
Thomas Barker
Acting CTO
Graduating from the University of Warwick in 2004, Thomas wrote the words 'Digital money techniques allow creation of unforgeable tokens' in the future research section of his final report. Sadly he is not Satoshi, but does bring with him over a decade of engineering experience within FinTech. Thomas was the first outside technology hire of both P2P lending market Zopa, now valued over £400m, and BullionVault, a retail gold broker with Assets-Under-Management of over $2bn.

He has been involved in the Ethereum community from the start. Attending every Devcon across three continents, and recently architected a significant smart contracts PoC for a major UK bank.
Advisors
Sir Henry Bellingham
Chair, Advisory Board
Vinay Gupta
CEO Mattereum
Scott Nelson
CEO Sweetbridge
Arnoud Star Busmann
Commodities & Trade Finance
Aleksandr Bulkin
Co-founder, CoinFund
Sir Henry Bellingham
Chairman of Advisory Board, UK MP
Sir Henry is a current UK MP (Conservative) and the former Minister for Africa. Graduated from Eton College then University of Cambridge (Law), Sir Henry practised as Barrister for 8 years and has been a MP for 24 years. He was appointed a Parliamentary Under-Secretary for 'Overseas Territories, Africa, United Nations, economic issues, conflict resolution and climate change. Henry was knighted at 2016 New Year Honours for his lifetime achievements.

https://en.wikipedia.org/wiki/Henry_Bellingham
Vinay Gupta
Founder of Mattereum
Vinay Gupta is Co-founder and CEO of Mattereum. He is a leading figure in the blockchain space, having co-ordinated the release of the blockchain platform Ethereum in July 2015. He was also the strategic architect for ConsenSys Systems, a technology hub focusing on the Ethereum blockchain and related applications. He was the architect of the National Blockchain Strategy for Dubai and is a partner at Hexayurt Capital, the technology-focused VC firm behind the Internet of Agreements.
Scott Nelson
Founder of Sweetbridge
Scott Nelson is the Founder and CEO of Sweetbridge, a Blockchain based supply chain economy. Prior to Sweetbridge, he founded and ran a successful freight audit and payment firm that processed more than $7B a year in settlements via automated contracts in Logistics prior to selling the firm to a private equity firm two years ago.
Arnoud Star Busmann
Trade and Commodity Finance Blockchain
As Entrepreneur-in-Residence/Innovation Lead at ING Bank, Arnoud is leading a multi-bank initiative to transform physical commodity trading and financing markets with blockchain-powered platforms. He is collaborating closely with industry-leading financial institutions, trading houses and major commodity producers. Key results include the world's first blockchain crude trade with Mercuria, a spin out of an energy consortium with 9 large players and the soybean trade experiment with Louis Dreyfus Company.

Arnoud has nearly 20 years of experience in the definition and execution of high value business cases in technology and financial services. With a footprint in consulting, large financial institutions, startups and local companies in the UK, Europe, USA, Asia as well as Australia and New Zealand.
Alex Bulkin
Co-founder of Coinfund
Alex is Co-Founder and Managing Partner at CoinFund LLC. He is a multidisciplinary thinker with a special interest in social and technological innovation. He has 13 years of experience in developing pricing, risk management, and high-frequency trading software at Goldman Sachs. Holding a dual degree in Mathematics and Computer Science from New York University and a Masters Degree in Organizational Psychology from Process Work Institute in Portland, Oregon, Alex bridges technological insight with social science and psychology.
Media
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