Eximchain, a platform for integrating supply chains with blockchain technology, has gone live with its Mainnet. Eximchain has partnered with leading technology and brands looking to drive business efficiencies via blockchain technology, including a Fortune 500 tech company, China-based platform YOOSourcing, and Enigma, a technology platform that enables privacy and scalability using blockchain.
Eximchain’s technology streamlines processes in areas such as Sourcing, Supply Chain Finance, and Inventory Management. Earlier this year, Eximchain raised US$20 million from industry leading investors, towards a vision of solving supply chain issues via an efficient, transparent and secure global blockchain network, a new market potentially worth US$3.31 billion by 2023, according to research firm MarketsandMarkets.
Hope Liu, Founder and CEO of Eximchain, said,
“The lack of transparency, connectivity and agility is a huge problem in the global supply chain industry. With global trade increasing at a tremendous pace, boosted by e-commerce in Asia Pacific, supply players around the world are looking at technology to help them reduce costs and be more efficient in their processes. Connecting these businesses with its unique blockchain platform, Eximchain is positioned to help drive the global supply chain industry forward with technology.”
“The Mainnet Release marks a significant business milestone, and validates our team’s combined ambition to open the global supply chain industry to blockchain technology. Together with our partners, some of the world’s leading technology brands, we are confident of delivering on our vision and ambition, and moving the multi-billion-dollar supply chain industry forward,” added Hope.
Eximchain builds use-case specific applications on its Mainnet. Both large and small supply chain players can now look forward to real-time information on upstream supply and downstream demand and having creditability for financing and new contracts verified by public blockchain. Moreover, Eximchain’s network incorporates the Quadratic Voting consensus mechanism, ensuring that no single group influence a blockchain easily.