Global trade often relies on paper documents. Couriers carry bills of lading, emails delay letters of credit, and suppliers wait weeks for payment. In 2024, the Asian Development Bank estimated the trade finance gap at $2.5 trillion. This means that huge amounts of money are stuck, which does not help businesses grow. Blockchain promised to solve this problem, but many tests failed. A few platforms now work in real life. Which one boosts
Related reading: Trade finance innovation: how blockchain and fintech are reshaping cross-border payments
Blockchain gives CFOs a real-time view of cash flow and trade finance risks. This reduces delays and fraud.
How we made this comparison fair
We rated each platform on seven key factors for supply chain finance. These focus on speed of cash withdrawal and risk reduction:
- Liquidity (20% weight): How quickly does the money get to suppliers?
- Risk control (20% weighting): How well does it stop fraud and errors?
- Compliance (15% weight): Does it comply with KYC, AML and regulator rules?
- Integration (15% weight): How easy is it to connect to existing systems?
- Scalability (10% of weight): Can it handle large volumes?
- Cost (10% weight): How cheap is it to use?
- Traction (10% weight): Actual users and transaction volumes?
Liquidity and risk take the top spot because they are the most important to financial managers. We used real data such as cycle time savings, amounts funded and number of users. We checked sources such as bank reports and industry news. No evidence, no score. This gives a clear and balanced vision.
Dashboard at a glance: <3 plateformes de financement de la chaîne d'approvisionnement Blockchain>
This table acts like a dashboard. Quickly identify strengths, weaknesses and red flags. Scores are high, moderate, or developing.
| Criteria | Polymesh | komgo | dltledgers |
|---|---|---|---|
| Liquidity (20%) | High | High | Moderate |
| Risk control (20%) | High | High | High |
| Compliance (15%) | High | Moderate | Moderate |
| Integration (15%) | Development | High | High |
| Scalability (10%) | Moderate | High | Moderate |
| Cost (10%) | High | Moderate | High |
| Traction (10%) | Development | High | Moderate |
| Total score | 82/100 | 88/100 | 80/100 |
Komgo is at the top of the general ranking. Polymesh shines in compliance. dltledgers is well suited to SMEs. Now, dig deeper into each one.
Polymesh: symbolic power for quick money
Imagine a supplier with a million dollar bill who needs cash now. On Polymesh, turn it into tokens. These follow built-in compliance rules. No custom code is needed, so it takes minutes and costs less than older methods.
After KYC verification, tokens are sent to approved investors the same day. The money arrives in the account a few hours later. No papers, no mistakes.
Identity is key. Each wallet is linked to a verified company. Transfers automatically verify KYC/AML. Reuse identities across all transactions to save time and costs.
Regulators see owners instantly. Investors avoid shady portfolios. This transparency strengthens liquidity. Small investors buy fractions, thereby reducing discount rates. For a $10 million bill over 90 days, a 1% rate cut saves $25,000.
Polymesh is new to supply chains. Few live drivers, ERP links are improving. But this corresponds to European DLT rules. Ideal for future tokenized funds.
komgo: speed for raw materials giants
Commodity trading uses tons of paper. An oil shipment requires 30 documents from 24 parties. The money waits a week. Komgo puts everything on a single shared ledger. Banks and traders update in real time.
The results are real. LC time decreases by 99.58% – from 10 days to 1 hour. For a $200 million copper deal, we save $493,000.
The risk also decreases. No double commitment. Reuse KYC packs. Banks like BNP Paribas are crazy about it.
Easily adapts to banking systems and business tools. No major changes are necessary.
Large-scale: supported by Citi, ING, Shell, etc. Over $1 billion funded by 2020. Ideal for oil, metals and agriculture using CLs.
dltledgers: digital feed suitable for SMEs
Mid-sized manufacturers wait weeks for funds while newspapers move slowly. dltledgers creates a digital channel on Hyperledger. From ordering to customs, everything is notarized. Smart contracts generate liquidity quickly.
In 18 months, I processed $3.3 billion in 400 transactions. Users reduce costs by 15-20% with real-time data.
Stopping Fraud: Chain-Hashed Documents. Rabobank has cut documentation time for wheat shipping in half.
Join easily: cloud portal, API to ERP. No heavy fees. Perfect for emerging markets, multi-banks.
Future Trends: Legal Victories and Connections
Legal rules now support digital documents as true title. Banks lend more, insurers reduce their premiums.
Next: Connected platforms. ICC is working on standards. The 2024 pilots test this. By 2025, fully digital commerce will be here.
How to start your driver
- Fix a problem: slow LCs, fraud or few lenders.
- Get a major bank partner or buyer.
- Choose 2-3 fields to automate.
- Show on-chain KYC and audits from the start.
- Track a metric: days saved, costs reduced, documents digitized. Share the victories.
The paper business is dying. Choose a platform now to
What is your biggest challenge when it comes to supply chain finance? Comment below!
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