Platform for issuing, trading and financing commodities on the blockchain
Get REAL exposure to some of the world's most traded resources while improving life for millions of farmers in developing markets
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Every Monday, we curate the previous week's most compelling stories on agricultural commodities, supply chains and blockchain adoption in emerging markets.
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
BinkabiLEND — Collateralised lending
Barter Block™ — Physical trading
Commodity exchanges - Settlement technology and hedging product innovation
Solutions
Protocol
Applications
Commodity tokenization protocol powers a wide range of applications
Supply chain players
Farmers
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
$3 trillions
Global agricultural production value at farm gate (of which international trade is around $1.5 trillion)

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
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.
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.
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