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Where:
https://zoom.us/my/hyperledger.community.backup?pwd=dkJKdHRlc3dNZEdKR1JYdW40R2pDUT09
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Details: 2021-07-28 (this page)
Event
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Warehouse Receipt Finance: IoTs to Strengthen Data backing Warehouse Receipt Lending |
Ashish Anand on Warehouse Receipt Finance
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Warehouse Receipt (WHR) Lending is one of the most innovative and oldest lending products, from Mesopotamian times to modern day Mumbai; It's a system of financing working capital to Farmers, Commodity Traders and Producer Companies against commodities deposited in warehouses and pledged with the lenders.
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Whrrl collects data from warehouses with the help of IoT devices and puts that data on Blockchain creating an immutable record of Collateral and its attributes like Ownership, Quality and Location. This helps lenders make informed decisions, cuts the role of intermediaries and reduces the risk of fraud. This also helps scale a marketplace, reducing cost for farmers and reducing collateral risk for lenders.
Attendees (14)
@Ashish Anand
Questions
These questions have been answered in the session. Please view the recording
From Mani Pillai : Have you looked into connecting the Receipts / NFTs with the Commodity futures exchange ?
09:30:16 From Jim Mason : IF you have done a securitized warehouse loan to an investor what was the interest rate?
09:30:31 From Robin Klemens : Have you already decided how to implement user authentication and authorization?
09:30:35 From Jim Mason : and the terms of that loan?
09:32:39 From Jim Mason : so there isn’t a clear value for these loans now
09:33:25 From Jim Mason : as a lender I can’t define the rate for these loans
09:33:33 From Sandeep Garg : hi , which blockchain protocol have you used ?
09:35:20 From Robin Klemens : Is there a link to a public blockchain?
09:35:36 From Marc Liberati : How is the physical asset validation done at the wharehouse level vis-à-vis the validator node to mitigate the risk of multiple NFTs being creating against the same physical asset in the wharehouse? How is the validator node chosen and consensus achieved?
09:38:38 From Gigo Joseph, Chainyard : Can you please provide details of DeFi roadmap?
09:49:46 From Sandeep Garg : whats the revenue model for whrrl ? does whrrl take any risk ... is fldg by whrrl required by lenders ?
Recording
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Crypto Banknotes |