Buyers & Sellers Benefits
●Easy connections with new or existing suppliers and buyers in a safe environment.
●All types of rice available: non-organic, organic, instant, sustainable and Fair Trade
● Price discovery via public, private or tender function.
● All users on the platform are clearly identified.
● All details of a trade can be negotiated via a dedicated tool with integrated messaging function. All actions, offers, counters and messages are stored in the immutable audit log for future reference.
● Upon agreement of a trade, the GAFTA contract is created by the system.
● The contract is signed digitally by both parties and the pro-forma invoice is automatically generated by the system.
● Your business and negotiation is private. Nobody can see what, when, at which price and from who you bought or to whom you sold.
● The contract is immutable and the contents cannot be changed without agreement of both parties.
● Individual permissions for multiple users of the same company. Each user has permissions set by the platform administrator at his/her company.
● Smart contracts detect and anticipate certain actions enabling invoices to be pre-populated and automated notifications sent to inspection companies saving time and eliminating human error
● The platform uses distributed ledger technology (DLT) This enables the secure functioning of a decentralized digital database by saving information in highly encrypted small blocks across numerous servers.
● The platform was developed and is maintained by Fujitsu
● Secure settlement with verifiable information. Invoice fraud and manipulation of documents is reduced.
● Obtain real time quotes from shippers, insurers and inspectors and book services online.