Open Trade Docs reduces errors, bottlenecks and fraud risks in trade finance by creating digital, non-repudiable, original documents, and complementing paper originals with unique digital copies.
Both digital-paper and paper-digital pairs have full lifecycle and audit trail. By using private blockchains, participants remain in control of all data and access rights instead of relying on a third party.
OTDocs removes the need to trust third parties with your data by using private industry blockchains to securely send and store messages and documents.
OTDocs uses blockchain technology to ensure that once written, data can not be amended, even by system administrators.
OTDocs provides API-based solutions deployed within your firewalls for easy integration into existing systems.
OTDocs takes a modular approach, with each module providing standalone benefits and use-cases.
Current solutions in inter-entity communication involve transferring trust and data ownership to third parties. This increases risks, costs, and business-critical information leakage.
OTDocs provides a private blockchain solution to allow your business to communicate with others, where you remain in control over your data.
The messaging module can be integrated with existing systems, and offers the following features:
Businesses can reclaim full governance and ownership over messaging data, as well as the following benefits:
International trade finance generate a large amount of voluminous, often non editable digital documents which are notoriously hard to reconcile. This, results in loss of time and increased liability risk in case of document mishandling. Solutions trying to tackle this problem are costly and demand drastic changes in a structure's work habits.
Decentralising the tracking process allows this module to complement existing procedure as a quick, optional step. Users can track, version, reconcile and comment on any documents stored on any platform with little more than a drag-and-drop. OTDocs document tracking module offers the following features:
A major risk in international trade and supply chain finance is the presentation of invoices and other documents multiple times to multiple financing entities. It is critical for a financing entity to know if a document has been used in previous financing.
OTDocs provides a module which flags if a document has already been uploaded. Using a proprietary fuzzy search algorithm, users can see if a document has been presented before, and can open up an anonymous messaging facility with the party who uploaded the match. This is achieved without a third party controlling the data. The document detection module offers the following features:
Workflows can be stored on the blockchain to allow documents to follow intelligent pre-programmed lifecycles matching paper-based workflows. For example a request for issuance, document issuance, approvals, ownership handovers, then a final stamp to mark the end of the process.
The technology behind OTDocs’ products is a private blockchain with additional features. This technology provides for advantages when it comes to data management:
OTDocs is currently in proof-of-concept phase with Financial Services clients. Please contact us for more information.
Together, OTDocs co-founders Roberto Capodieci, Martijn Buurman, and Jean-Daniel Gauthier are strong with decades of experience in intelligence, system analysis, financial services and software development. They are now closely working with regulatory bodies, banks and government authorities in Singapore to make OTDocs a reality.
More than 20 years of experience in IT and intelligence, serial entrepreneur.
System/Business analyst. More than 15 years of IT experience in startups and R&D
5 years of web development and 2.5 years of Blockchain development.
We are looking for a co-founder for business development, possibly with experience in International Trade Finance