LGR Global has designed and developed the SRC Business Ecosystem, a secure and controlled business environment that revolutionizes the international commodity trade, trade finance and cross- border money movement sectors.
LGR Global has designed and developed the SRC Business Ecosystem, a secure and controlled business environment that revolutionizes the international commodity trade, trade finance and cross- border money movement sectors.
Our solution reduces transaction costs for all trading partners. This includes explicit reductions in banking costs, and also stems from enhanced management and risk mitigation capacities during supply chain disruptions.
In the centre of the SRC Business Ecosystem is the SRC utility token, which is used to fuel transactions between trading partners in the ecosystem. Trading partners can only access the SRC Business Ecosystem products and services by using the SRC utility token.
Used throughout the entire SRC Business Ecosystem.
Using smart contract technology in the AWS blockchain to issue digital Letters of Credit (LC's).
Using APIs to integrate customer, local banks, and different LGR products and services into seamlessly integrated processes. This provides a high-level of visibility over the end-to-end transactions and automated data entries.
Allows different trading partners to access the ecosystem, upload digital documents, and control what information is shared, what is kept confidential, and which parties can view/interact with data.
Allows customers to track-and-trace LCs and money movement orders as well as the physical products in the digital supply chain.
Validates the content of any LC documents to smart contract and detects and alerts relevant parties to any discrepancies in trade finance processes or digital supply chains.
The SRC Business Ecosystem incorporates a real-time digital model of the global supply chain ecosystem (the ‘Digital Twin’), allowing our customers to immediately mitigate risks and maintain operational excellence throughout product/delivery lifecycles.
The SRC Business Ecosystem will be launched in three phases:
Cross-Border Money Movement
End-to-End Digital Trade Finance
Digital Commodity Marketplaces
