TradeReboot, a Fintech start-up, is at the forefront of disruption in the USD 700 trillion Trade Finance industry. It was launched with the objective of solving pressing challenges in the cross-border trade activities by using Blockchain Technology and Data Analytics.
The existing Trade Finance domain suffers from many challenges:
TradeReboot platform is a robust trust-less network of all key stakeholders involved in Trade Finance process. This includes importers, exporters, importing country bank, exporting country bank, shippers, inspection agencies, insurers and other 3rd party intermediaries.
TradeReboot seeks to solve these challenges using Blockchain, smart contracts and data intelligence. It connects all the key stakeholders with automated and verified process trail to bring in the desired trust and transparency in the system. TradeReboot platform has demonstrated huge benefits for the ecosystem players like cutting down the cost by 50-70% and time by 80%.
A large network like TradeReboot needs an equally robust network management platform. For the purpose, TradeReboot partnered with Zeeve, a leading Blockchain as a Service platform providing enterprise Blockchain development and deployment.
TradeReboot team had following objectives in mind to design a scalable and robust trade finance consortium platform:
Zeeve experts helped TradeReboot to design the technical and deployment architecture for the Trade Finance platform. This includes the setting up of the local environment as well as AWS cloud infrastructure. Zeeve enabled automated HyperLedger Fabric deployment of nodes, GIT integration and IDE integration for seamless DevOps experience. Once the development of the platform including DApps and smart contracts was complete locally, Zeeve helped TradeReboot to deploy HyperLedger Fabric and DApps on the AWS cloud infrastructure.
Zeeve platform provisioned following services to get the production network up and running:
A total of 17 nodes were deployed in the initial network that includes 4 CA, 8 Peer (4 organization with 2 each) and 5 Orderer nodes. The complete process was completed in less than 30 minutes.
A trade finance consortium is a large and complex network that includes stakeholders like banks, insurers, importers/exporters with diverse needs. TradeReboot wanted to ensure a seamless experience to all the stakeholders involved and realized Zeeve platform the following benefits using Zeeve Platform:
Zeeve is an enterprise-grade Blockchain-as-a-Service no code platform that allows developers and organizations to develop, deploy and manage Blockchain applications and networks in an automated and reliable manner. Zeeve supports multiple Blockchain protocols over all top Cloud Providers including on-premise option. Zeeve is trusted by 2000+ developers and Blockchain start-ups for their Blockchain deployments. Zeeve is the leading player for deploying Hyperledger fabric on AWS and Azure cloud.