Blockchain
Blockchain is a digitally distributed ledger that is encrypted and shared in real time among parties involved. Data in a blockchain is tamperproof securing all buyers and sellers transactions. All the encrypted information is updated at every step for all parties. This cuts down on intermediaries, speeding up communication and transaction details, and decreasing delivery time.
As a global facilitator of international trade, Export Portal has adapted the private blockchain solution to protect its buyers, sellers, manufacturers, and shippers. Export Portal’s utilization of its private blockchain system builds trust among the parties involved because they know they are working with verified companies and they work interdependently on each block of a transaction.
