Hello World!
We are testing our first product — Barter Block™,
a cross-border trading platform with smart bartering
Introducing the world's first smart bartering
on the blockchain
Cross-border physical commodity trading platform
Binkabi is developing a decentralised, cross-border physical commodity trading platform that leverages blockchain technology.
Barter Block
Binkabi's core innovation, Barter Block, empowers developing countries to trade securely and cheaply with each other in their local currencies
Global. Direct.

Post your Buy or Sell orders
Negotiate contracts
Track the progress of your trades
See proof of payment from
buyers before shipping
See pre-shipment inspection
and bill of lading before initiating payment
Secured by the blockchain
Secured by the blockchain through
our Barter Block innovation
Pay on success
Only pay transaction fees on success of trade.
Real FX rates
Real FX rates.
No hidden charges.
Cost savings
Digital trades enable efficient work flow management and cost savings.
Power the whole trading network

More profits
Trade directly and globally, improving profits, reducing uncertainties and unjustified quality claims.
Smaller farmers can benefit from market information to negotiate higher prices and competitive financing from banks.
Save FX costs
Negotiate the best deal directly with exporters. When the deal is done and goods are accepted, pay in local currencies at real exchange rates. Goods are subject to pre-shipment inspection so quality is ensured.
Expand markets
Negotiate the best deal directly with importers. See proof of payment from importers before shipping. Get paid once the goods are accepted by importers. Reach new buyers in another part of the world.
New SMEs
Better serve the SME segment, the core engine of economic growth. Increase deposits from SMEs, provide financing and insurance solutions based on trading histories that were never before possible.
Lower barrier to entry
Smaller tradable quantities (e.g. in units of containers), secure payment and product quality assurance, and help smaller players to enter direct import/export markets, increasing competition and lowering intermediary costs.
Balance trades
Barter Block reduces the use of US$ in trade payment, reducing pressure on local currencies. Users are incentivized to find profitable trades in specific corridors and in doing so automatically balance trade flows.
New customers
Acquire new customers who are trading on the platform. Work with Binkabi to digitise shipping documentation, bills of lading to streamline processes. Optimise shipping schedules to save costs for all involved.
All players
Save time and cost
International trade is highly manual as well as fraud and error prone. Trade digitisation, immutability and the traceability of the blockchain reduce wasted time and costs due to paper trails, disputes and frauds. All parties share the same transaction record.
Barter Block™
The world's first smart bartering protocol on the blockchain
Our key innovation, Barter Block™, allows bilateral trades to be settled in local currencies, saving FX costs and increasing profits in international trade. Barter Block™ is the world's first smart bartering protocol on the blockchain.

Opposite trades are blocked together for the purpose of settlement. Barter Block™ could be formed pre- or post-trade, between one export trade and one import trade or many export trades and many importer trades provided that within a country, trades net down to near zero and their settlement dates are close together. The chart above shows four different scenarios of Barter Blocks.

Barter blocks could be formed by a netting algorithm (computer will make recommendations to parties based on open orders) or manually by parties involved in a trade upon receiving an incentive by the Binkabi platform.

The performance of individual trades are enhanced by the blockchain and there are no interdependence among the trades within a Barter Block. If for some reason, a trade within a Barter Block doesn't complete our platform will automatically find another replacement trade so as the net FX exposure is minimised.