Block-projects, which conduct ICO in order to collect the investments necessary to realize their ideas, are most often aimed at creating various decentralized solutions. This is due to nothing else than the nature of the technology itself, on which they are based - the technology of blockades. One of its main features is the ability to exclude intermediaries and various kinds of processes.
Mediation always entails additional risks, because in the market relations between the two counterparties appears a third party and, as a rule, not one. Hence the growing risk of becoming a victim of scammers, as well as much higher costs than without the participation of intermediaries, since for their services they necessarily charge a certain commission or a separate fee. Decentralized block-based solutions allow participants to get rid of intermediaries and increased costs.
This time the founders of the Dafzo block project gave the world a solution in the field of international trade and its financing. The thing is that about 80% of all trade between exporters and importers is financed through lending, that is, through the services of banking institutions. As is known, the use of banks as intermediaries has certain consequences, so the creators of Dafzo have taken care that the financing of international trade is more effective.
Idea
The Dafzo project is aimed at integrating the technology of blocking, smart contracts and crypto currency into the logistics sector - a market with a volume of $ 8.1 trillion as of 2015. The platform created in its framework will serve as a solution to a multitude of problems of international trade, supplies and their financing, including high costs from commissions, the presence of intermediaries, the complexity of procedures and fraud.
The creators of Dafzo call their platform a combination of fintech and logistics based on blockade technology, using technology to ensure full automation of international trade and its financing, eliminating intermediaries from the relationship between the exporter and the importer.
The principles of Dafzo work are built around the traditional system of financing international trade by obtaining a letter of credit in the bank. Firstly, it is a rather complicated and lengthy process of obtaining credit and carrying out an operation within the framework of international trade. Secondly, the presence of banks in the transaction means the loss of part of the profits by paying commission, which sometimes can be prohibitively high.
Dafzo uses blocking technology, crypto currency (DFZ tokens) and smart contracts Ethereum. This allows, first of all, to get rid of unnecessary intermediaries, secure international trade from fraud, save time and money, ensure the proper transparency of the supply chain and the ability to track the delivery process, automate the financing of transactions in international trade.
Thus, within the framework of Dafzo, a patented ecosystem will be formed that combines several leading modern technologies that are used in a wide range of areas, from financial and commercial to medical and educational. Among them: blockade technology, smart contracts, artificial intelligence, machine learning and cognitive science.
Dafzo will exist both in the form of a web portal, and as an application Dafzo App. In doing so, it will support all major operating systems. The application will include the functions of obtaining a financial letter of credit for carrying out a trade operation, booking a ship for the carriage of goods, payment for the goods and their tracking.
Tokens Dafzo
Tokens of the Dafzo ecosystem will become for her a kind of fuel that will be needed by its participants. In addition to the fact that after the sale of tokens within the ICO they will be listed on the main crypto exchange markets and will grow in value due to the increase in demand, DFZ will also give users access to a variety of platform capabilities.
All Dafzo logistics services are paid by participants using DFZ tokens. In addition, they will be needed to obtain a letter of credit for financing the international trade transaction, as well as for booking vessels that transport goods from one country to another. And thanks to Dafzo's partnership, the participants will also be able to use DFZ to order the delivery of the goods from third-party partner companies Dafzo.
If the DFZ tokens are a platform fuel, then the technology of blocking and smart contracts is its engine. In the next article, let's talk about how the letter of credit and international trade financing were received earlier , and what solution the Dafzo creators offer.
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