Why has LGR Global chosen to focus on the Silk Road Area?
It is an area of incredible growth. China, for example, has maintained GDP growth of over 6% for the last 10 years, and many central Asian economies are posting similar numbers (or higher!).
This kind of growth means increased trade, increased foreign ownership and subsidiary development, and therefore presents unique opportunities for LGR Global to optimize and automate trade finance processes.
The Silk Road Area is made up of 68+ countries, each with their own currencies and the individualized value fluctuations that come as a by-product. Cross-border trade in this area is easily complicated by these currency fluctuations. Our solution will make this problem a thing of the past.
What is the role of the Silk Road Coin (SRC) in LGR Global’s platform solution?
The Silk Road Coin (SRC) is a blockchain-powered utility token used by LGR customers to access the suite of digital financial products and services available within the LGR Global Platform.
When will LGR’s platform solution be live?
LGR Global’s cross-border money movement system will be live at the end of Q1 2021, with the digital end-to-end trade finance platform following in Q4 2021.
Does LGR Global Use SRC to transfer money overseas?
No, the SRC’s are used by LGR Global’s clients and customers to pay for the fees associated with international money transfers, currency exchanges and trade finance processes.
How Does the LGR Global Platform Help to Reduce Fraud in Reports?
By utilizing emerging technologies, LGR Global standardizes and digitizes the documentation and compliance pipeline within the trade finance industry.Previously, these activities were managed across multiple borders and jurisdictions using inefficient, manual, paper-based systems of record keeping which yielded opportunities for miscommunication, fraud, poor traceability, long verification times, profitability loss, delayed payments and overall operational inefficiency.
LGR Global’s blockchain-powered platform facilitates increased transparency with end-to-end activity tracing and automatic data validation, enhancing trust among all authorized parties and greatly reducing fraud risks.
What are LGR Global’s key differentiators?
What makes LGR Global’s solution unique is the geographical focus (Silk Road Area), development of a comprehensive end-to-end digital trade finance platform, and integration of big data analytics and predictive forecasting models.
LGR Global further differentiates itself via the world-class expertise and industry experience of it’s core team.
Who are LGR Global’s Customers?
Multi-commodity trading companies operating within the Silk Road Area (Europe-Central Asia-China)
What Can LGR Global do with the data it collects?
LGR Global’s primary purpose is to add value to our customers and clients. By capturing data throughout the entire activity chain of trade finance, LGR is granted a unique and unprecedented position to provide credible intelligence for smarter decision making in the trade finance industry. LGR Global leverages big data analytics and A.I., to run best-in-class risk modeling, predictive forecasting, and scenario analysis.