Rice-exchange-commercial-brochure.pdf
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Rice Exchange is a digital platform that enables rice sellers, buyers and third parties to trade rice in a faster, cheaper and safer way. Rice Exchange is a digital platform tat enables rice sellers, and Rice Exchange deliversbuyers value to youthird in two MAIN ways: parties to trade rice in a faster, cheaper and safer Firstway. , our blockchain-integrated platform brings trust , security, risk reduction and 1 cost savings to the rice industry benefiting ALL participants.
2
Second once a full marketplace has been created buyers and sellers will enjoy the advantages of verifiable price and reputation discovery.
Buyers and Sellers: To access and use the platform you need to be onboarded. This process facilitates trading on the exchange because your identity will be verified. You may then use the platform to trade by paying an exchange fee in tokens. Trades are settled in the same way as they are today - in the currency that you choose. Service Providers: Banks, shipping companies and insurers will be able to offer services to rice buyers, sellers and traders. Service providers will be able to access verifiable and accurate information from our platform. Our highly experienced technical team will assist in integrating your platform with ours. Rice Exchange uses Hyperledger, a private permissioned network that is supported by IBM. Token incentives: The founding network of rice trading participants will be rewarded for supporting the Rice Exchange platform by receiving exchange tokens. Early adopters who share our vision of creating an efficient network based on trust will be able to use these tokens to trade rice or sell them to other users of Rice Exchange. Any party that uses Rice Exchange in the early stage will get access to the user incentive pool. Participants who refer business to the platform will receive token incentives. These tokens can be used to access services on the platform or can be sold to other participants. The Rice Exchange is your Rice Trading Club. To access and use the platform you need to pay a small fee to buy tokens. As there are a limited number of tokens the more you and your partners use the platform the more your token will be worth and the cheaper the platform services will be.
Token Allocation for Users and Referrers
Early adopters of the platform will be rewarded for supporting our platform by receiving tokens (12% of
12%
Early Adopters
max tokens). In addition any party that uses Rice Exchange during the the first 4 million tons of traded volume will get access to our user incentive pool (10%). Anyone like service providers that refers
10%
User Incentives
8%
Referral Pool
a trade to Rice Exchange will get access to the Referral Pool.
Rice Exchange already has confirmed rice volume of 200,000 tons.
Onboarding in 3Q18 Trading launch in 4Q18 The Rice Exchange platform will be fully operational by year end.
This includes buyers and sellers from Asia, Africa, Latin America and Europe
The Rice Exchange board and management are a highly experienced and capable team with the necessary skills to build and manage a marketplace for the complex rice supply chain. Stephen Edkins, CEO is a serial entrepreneur who has taken companies to the LSE and NYSE Frank Gouverne, COO has designed the platform drawing on his 32Year career trading rice Christian Schmitz, CMO/Asia Pacific is a rice expert with experience at Bayer and BASF based in Japan
Don Oparah, CTO is a Cambridge-educated computer scientist with significant start up experience Adolfo Bohmer, CFO/Latam is an experienced capital markets trader and risk manager with strong agricultural ties
The Rice Exchange Formula Rice Exchange is the first digital global platform specifically designed to trade the world’s largest agricultural commodity, rice. Trading rice on the exchange removes unnecessary transaction costs and lowers other costs allowing for better service pricing and benefits for all parties - producers, sellers, buyers and services providers. The trading platform uses blockchain technology which modernises supply chains creating significant costs and time savings. It allows service providers like banks, insurance and shipping companies to reduce risk and offer more competitive quotes to rice market participants. Louis Dreyfus completed a trade of 60,000 tonnes of soybeans between the US and China using blockchain technology in January 2018 - processing time was cut to one fifth of the time taken for a paper-based trade. Users of Rice Exchange will benefit from increased transparency, liquidity, security, higher frequency of trades and lower costs for insurance, shipping and inspection services. The Rice Exchange team have expertise in technology, rice trading and financial services. We know the rice trade inside out and we have built the trading platform to provide ease-of-use, security and competitive economics. Our business development representatives are based in Asia, Africa and Latin America. We are seeing significant interest in the benefits of Rice Exchange platform and anticipate rapid adoption of the platform. Rice Exchange is headquartered in Switzerland.
A demo version of the platform is now available
How it works
Exchange
Live bids and offers from around the world
Trade with Chat
Counterparties can communicate in real time about deals
A demo version of the platform is now available
How it works Smart Contract Creation
Using a smart contract is easy and safe
Audit Log Every step of the trade is permanently logged and cannot be changed
How does Rice Exchange help me? Rice Exchange bring trust, a unique one-off KYC (Know-Your-Customer) process, immutable smart contracts and event logging, consensus of events, reduced document processing times and the elimination of human error and fraud.
As a SELLER (producer, mill, exporter, trader) I benefit from: ✓
Better access to the market and price discovery, less reliant on 2nd hand information
✓
Better assessment of a counterparty’s reputation
✓
Smart contract tools with automatic document matching and pre-populated document functionality; reduced costs and risk of error
✓
The ability to do shipments by containers at more competitive prices
✓
More secure operations as e-documents and smart contracts replace use of couriers to send documents
✓
The ability to tender documents via the platform to my counterparty without losing control until I have received payment
✓
Access to pre-financing proposals from lenders active on the platform or microfinance solutions for small holders
✓
Access to free tokens and free trades on the platform if I commit early to trade volume on the exchange. This is a unique opportunity for early adopters. For those signing up later there will also be rewards for using the platform but the early birds get the biggest rewards!
As a BUYER (importer, distributor, trader) I benefit from: ✓
Better access to market and price certainty, reduced reliance on 2nd hand information
✓
The ability to share my track record with the counterparties of my choice
✓
Better price discovery tools and means to optimize my business
✓
Smart contract tools with automatic document matching
✓
The ability to offer smart payment solutions to my seller by connecting my bank with the seller or seller’s bank over the blockchain; with certainty that the documents can be trusted and are not fraudulent
✓
Access to container shipments at lower cost
✓
The ability to track my goods in real time (under development)
✓
Access to competitive insurance cover via the platform
✓
Access to financial propositions from lenders active on the platform
✓
Access to provenance and traceability data giving quality guarantees (under development)
✓
Access to free tokens and free trades on the platform if I commit early to trade on the exchange. This is a unique opportunity for early adopters. For those signing up later there will also be rewards for using the platform but the early birds get the biggest rewards!
As a SHIPPING LINE I benefit from: ✓
The ability to store the information related to the cargo digitally and accessible in real time
✓
Real-time data temperature audits and flag changes mean one version of the truth prevails.
✓
The ability to assess counterparty risk leading to a reduction in the number of disputes
✓
Control over the whereabouts of the original Bill of Lading (BoL) at all time.
✓
The ability for the BoL to change hands on the blockchain securely with no risk of loss or fraud.
✓
Certainty of ownership and to whom to deliver the cargo
✓
Control over the exact number of bags loaded and unloaded from the ship in the case of conventional shipment (under development)
As a BANK I benefit from: ✓
Enhanced transparency and audit trails that will lead to reduced fraud and theft. The 2014 Qingdao fraud case is reported to have cost banks $700m
✓
A guarantee that the transfer of documents will happen simultaneously with the financial payment by means of a smart contract and without any human intervention
✓
The ability to offer more efficient and cost-effective payment solutions to my clients based on smart payment tools that also reduce the risk of fraud for the bank
✓
The opportunity to service markets where there is little or no prior trust or where generating trust is costly
✓
The opportunity to offer financial solutions to Rice Exchange customers
✓
The opportunity to offer financial solutions via Rice Exchange to it customers.
As INSURANCE COMPANY I benefit from: ✓
The ability to better service customers relying on detailed knowledge about their business activities
✓
Access to verified, tamper-proof documentation which will facilitate the assessment of claims whilst lowering costs and reducing the incidence of fictitious claims
✓
The ability to offer insurance via the platform especially for standardized deals or trade flows
✓
Real-time data that allows measures to be taken to reduce risk and mitigate losses and will allow for more accurate pricing of premiums
✓
Access to bag tracking tools (under development) to establish the correct number of bags loaded /unloaded: this will considerably enhance recourse against the party responsible for the eventual loss, with improved premiums as a result
✓
Clarity on claims history and informed pricing decisions.
To find out more and arrange a demo EUROPE/AFRICA Frank Gouverne
[email protected]
ASIA Christian Schmitz
[email protected]
LATIN AMERICA Adolfo Bohmer
Countries where we already have:
[email protected]
prospective buyers
prospective sellers
business dev reps
2
Second once a full marketplace has been created buyers and sellers will enjoy the advantages of verifiable price and reputation discovery.
Buyers and Sellers: To access and use the platform you need to be onboarded. This process facilitates trading on the exchange because your identity will be verified. You may then use the platform to trade by paying an exchange fee in tokens. Trades are settled in the same way as they are today - in the currency that you choose. Service Providers: Banks, shipping companies and insurers will be able to offer services to rice buyers, sellers and traders. Service providers will be able to access verifiable and accurate information from our platform. Our highly experienced technical team will assist in integrating your platform with ours. Rice Exchange uses Hyperledger, a private permissioned network that is supported by IBM. Token incentives: The founding network of rice trading participants will be rewarded for supporting the Rice Exchange platform by receiving exchange tokens. Early adopters who share our vision of creating an efficient network based on trust will be able to use these tokens to trade rice or sell them to other users of Rice Exchange. Any party that uses Rice Exchange in the early stage will get access to the user incentive pool. Participants who refer business to the platform will receive token incentives. These tokens can be used to access services on the platform or can be sold to other participants. The Rice Exchange is your Rice Trading Club. To access and use the platform you need to pay a small fee to buy tokens. As there are a limited number of tokens the more you and your partners use the platform the more your token will be worth and the cheaper the platform services will be.
Token Allocation for Users and Referrers
Early adopters of the platform will be rewarded for supporting our platform by receiving tokens (12% of
12%
Early Adopters
max tokens). In addition any party that uses Rice Exchange during the the first 4 million tons of traded volume will get access to our user incentive pool (10%). Anyone like service providers that refers
10%
User Incentives
8%
Referral Pool
a trade to Rice Exchange will get access to the Referral Pool.
Rice Exchange already has confirmed rice volume of 200,000 tons.
Onboarding in 3Q18 Trading launch in 4Q18 The Rice Exchange platform will be fully operational by year end.
This includes buyers and sellers from Asia, Africa, Latin America and Europe
The Rice Exchange board and management are a highly experienced and capable team with the necessary skills to build and manage a marketplace for the complex rice supply chain. Stephen Edkins, CEO is a serial entrepreneur who has taken companies to the LSE and NYSE Frank Gouverne, COO has designed the platform drawing on his 32Year career trading rice Christian Schmitz, CMO/Asia Pacific is a rice expert with experience at Bayer and BASF based in Japan
Don Oparah, CTO is a Cambridge-educated computer scientist with significant start up experience Adolfo Bohmer, CFO/Latam is an experienced capital markets trader and risk manager with strong agricultural ties
The Rice Exchange Formula Rice Exchange is the first digital global platform specifically designed to trade the world’s largest agricultural commodity, rice. Trading rice on the exchange removes unnecessary transaction costs and lowers other costs allowing for better service pricing and benefits for all parties - producers, sellers, buyers and services providers. The trading platform uses blockchain technology which modernises supply chains creating significant costs and time savings. It allows service providers like banks, insurance and shipping companies to reduce risk and offer more competitive quotes to rice market participants. Louis Dreyfus completed a trade of 60,000 tonnes of soybeans between the US and China using blockchain technology in January 2018 - processing time was cut to one fifth of the time taken for a paper-based trade. Users of Rice Exchange will benefit from increased transparency, liquidity, security, higher frequency of trades and lower costs for insurance, shipping and inspection services. The Rice Exchange team have expertise in technology, rice trading and financial services. We know the rice trade inside out and we have built the trading platform to provide ease-of-use, security and competitive economics. Our business development representatives are based in Asia, Africa and Latin America. We are seeing significant interest in the benefits of Rice Exchange platform and anticipate rapid adoption of the platform. Rice Exchange is headquartered in Switzerland.
A demo version of the platform is now available
How it works
Exchange
Live bids and offers from around the world
Trade with Chat
Counterparties can communicate in real time about deals
A demo version of the platform is now available
How it works Smart Contract Creation
Using a smart contract is easy and safe
Audit Log Every step of the trade is permanently logged and cannot be changed
How does Rice Exchange help me? Rice Exchange bring trust, a unique one-off KYC (Know-Your-Customer) process, immutable smart contracts and event logging, consensus of events, reduced document processing times and the elimination of human error and fraud.
As a SELLER (producer, mill, exporter, trader) I benefit from: ✓
Better access to the market and price discovery, less reliant on 2nd hand information
✓
Better assessment of a counterparty’s reputation
✓
Smart contract tools with automatic document matching and pre-populated document functionality; reduced costs and risk of error
✓
The ability to do shipments by containers at more competitive prices
✓
More secure operations as e-documents and smart contracts replace use of couriers to send documents
✓
The ability to tender documents via the platform to my counterparty without losing control until I have received payment
✓
Access to pre-financing proposals from lenders active on the platform or microfinance solutions for small holders
✓
Access to free tokens and free trades on the platform if I commit early to trade volume on the exchange. This is a unique opportunity for early adopters. For those signing up later there will also be rewards for using the platform but the early birds get the biggest rewards!
As a BUYER (importer, distributor, trader) I benefit from: ✓
Better access to market and price certainty, reduced reliance on 2nd hand information
✓
The ability to share my track record with the counterparties of my choice
✓
Better price discovery tools and means to optimize my business
✓
Smart contract tools with automatic document matching
✓
The ability to offer smart payment solutions to my seller by connecting my bank with the seller or seller’s bank over the blockchain; with certainty that the documents can be trusted and are not fraudulent
✓
Access to container shipments at lower cost
✓
The ability to track my goods in real time (under development)
✓
Access to competitive insurance cover via the platform
✓
Access to financial propositions from lenders active on the platform
✓
Access to provenance and traceability data giving quality guarantees (under development)
✓
Access to free tokens and free trades on the platform if I commit early to trade on the exchange. This is a unique opportunity for early adopters. For those signing up later there will also be rewards for using the platform but the early birds get the biggest rewards!
As a SHIPPING LINE I benefit from: ✓
The ability to store the information related to the cargo digitally and accessible in real time
✓
Real-time data temperature audits and flag changes mean one version of the truth prevails.
✓
The ability to assess counterparty risk leading to a reduction in the number of disputes
✓
Control over the whereabouts of the original Bill of Lading (BoL) at all time.
✓
The ability for the BoL to change hands on the blockchain securely with no risk of loss or fraud.
✓
Certainty of ownership and to whom to deliver the cargo
✓
Control over the exact number of bags loaded and unloaded from the ship in the case of conventional shipment (under development)
As a BANK I benefit from: ✓
Enhanced transparency and audit trails that will lead to reduced fraud and theft. The 2014 Qingdao fraud case is reported to have cost banks $700m
✓
A guarantee that the transfer of documents will happen simultaneously with the financial payment by means of a smart contract and without any human intervention
✓
The ability to offer more efficient and cost-effective payment solutions to my clients based on smart payment tools that also reduce the risk of fraud for the bank
✓
The opportunity to service markets where there is little or no prior trust or where generating trust is costly
✓
The opportunity to offer financial solutions to Rice Exchange customers
✓
The opportunity to offer financial solutions via Rice Exchange to it customers.
As INSURANCE COMPANY I benefit from: ✓
The ability to better service customers relying on detailed knowledge about their business activities
✓
Access to verified, tamper-proof documentation which will facilitate the assessment of claims whilst lowering costs and reducing the incidence of fictitious claims
✓
The ability to offer insurance via the platform especially for standardized deals or trade flows
✓
Real-time data that allows measures to be taken to reduce risk and mitigate losses and will allow for more accurate pricing of premiums
✓
Access to bag tracking tools (under development) to establish the correct number of bags loaded /unloaded: this will considerably enhance recourse against the party responsible for the eventual loss, with improved premiums as a result
✓
Clarity on claims history and informed pricing decisions.
To find out more and arrange a demo EUROPE/AFRICA Frank Gouverne
[email protected]
ASIA Christian Schmitz
[email protected]
LATIN AMERICA Adolfo Bohmer
Countries where we already have:
[email protected]
prospective buyers
prospective sellers
business dev reps
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