NEM Blockchain on International Trade Business

In shipping a cargo there are many people involve to send your shipment from point A to point B. And when I say many, it means a lot. From supplier, common carriers, insurance companies, banks, governments, and do not negate the power of force majeure. 

The more parties getting their hand on your documents, the more it is prone to unforseen mishaps. 

Although World Customs Organization is pushing to be paperless, it is inevitable to use papers. And until now, shipping business is still not fully implementing it. Why? This is to provide authenticity on the original documents. And going digital can’t solve it until now. 

Blockchain technology is one of the answer to this. Actually not only on that tons of authenticity problem but also on payments and automation. 

For me that can’t write a single code, I will imply my idea to NEM Technology. Why NEM? Because it has built-in features in its wallet. Built-in!

Here’s the problem we will be solving. 

1. Authenticity of your Documents 

2. Tracking of your shipment

3. Payments

Steps how to solve that: 

1. Download your NEM Wallet here! And announce on your website that all NEM authenticated documents will only be from that NEM account/address. 

2. Apostille(notarize) documents that you will release for the shipment (Bill of Lading, Commercial Invoices, Packing List, Insurance Certificate, or even Certificate of Origin)

3. Create your own coin to serve as a payment on that transaction. This can replace your Letter of Credit. 

4. Create a multisignature account for every key people involved and every step you want to track. 

-for example: the haulier picked-up the cargo from the supplier’s warehouse. The supplier will sign on the multisignature account and it will signal the movement of the cargo. 

NEM Blockchain on International Trade Business 

NEM Blockchain on International Trade Business
Security of Multisignature

When the last signatory signed on the account and it showed as the job was done, all payments will automatically be released to the different accounts to be paid off. 

If you want to expound more about this, please do message the NEM Foundation at NEM Helpdesk! 

NEM Blockchain is a good technology! Take advantage of it. Be Wise! Use NEM! Buy XEM! 

And Happy 4th Birthday NEM :)

What is a Freight Forwarder? Yes! You Needed One!

Millions of tons and billions of value of goods are transported each DAY! Yes each day! That is how the international trade has increased since then. On that massive spike of cargoes moving around the globe, freight forwarders plays a big role. 

So what is a freight forwarder?

Freight forwarder is a company who doesn’t own a ship or a plane, or a train but is one of the trusted companies to do shipping. 

Freight Forwarder is the intermediary company that builds good reputation and relationship in all corners of logistics process. It provides the full range of shipping services that logistics need. They can get the cheapest rate and fastest sailing schedule for you. You can compare them to be like the “skyscanner” or your favourite travel agency for your cargo. 

They mitigate all the hassles and pressures of international trade. Freight Forwarders are experts and are updated about the new laws and memorandums of each and every country in which they can give free advices on what is the best for your shipment. It is like you employed a whole team and all you can hear is the good news. 

Now, you will not wonder why a lot of people is availing their services.

They can move your goods from a small box to as huge as a whole ship or plane. Oh, even for your whole personal household, they can manage to do it for you. Now you know when you buy online, you can get a free or in a minimal shipping fee. 🤗

Real Time Forwarding Pte Ltd
Singapore 

Need a freight forwarding service? Please reach out to Real Time Forwarding Pte Ltd at jyn@rtf.com.sg (+65 6224 3346).  

Save Time. Save Money. Give yourself a peace of mind.