Hello World!
We've launched our first product — Barter Block™,
a physical commodity trading platform
How it works
Tokenize Commodities
  • Depositor brings grains to Accredited Warehouse
  • Warehouse weighs, grades and packs grains
  • Warehouse receipts (commodity -backed tokens) are issued to Depositor
Trade on Blockchain
  • Sellers and Buyers post orders on Binkabi platform
  • Platform matches orders
  • Atomic swap of commodity-backed tokens for fiat-backed tokens
Redeem Commodities
  • Holder sends Redemption Request to Warehouse
  • Accredited Warehouse redeems commodities
  • Warehouse receipts cease to exist (commodity-backed tokens burnt)
Direct.

Post your Buy or Sell orders
Negotiate contracts
Track the progress of your trades
Secured.
Seller
Sellers need to deposit commodities at one of our accredited warehouse/exchanges
Buyer
Buyers need to deposit required fiat currency at one of our partner banks
Secured by the blockchain
Atomic swap of required fiat-back tokens and commodity-back tokens
Fair.
-1-
Low costs
Low transaction costs whilst achieve saving through streamline processes and FX costs
-2-
Pay on success
Only pay transaction fees on success of a trade
-3-
Transparent
Each trading party independently submits information to blockchain/immutable ledger
Power the whole trading network

Farmers
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.
Importer
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.
Exporter
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.
Banks/Insurers
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.
SMEs
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.
Countries
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.
Shipping/Logistics
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.