Traxia: The solution to a 43 trillion dollar problem?

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Traxia: The solution to a 43 trillion dollar problem?

Fintech companies have been hard at work trying to solve the problem of funds laying dormant in accounts receivable and payable.  At any given time there is up to 43 trillion dollars waiting to be paid out. Making this money work and earn interest would be a boon for the financial industry and investors all over the world.  

Due to the lack of cash liquidity that financial intuitions are currently facing, an opportunity is being created for new actors to enter the Trade Finance market and possibly disrupt it. With a means to trade with each other it could be possible for businesses to choose to operate in this sector without banks and credit agencies.

Enter Traxia

Traxia, which plans to run on the Cardano platform, is aiming to take those trillions in waiting invoices and convert them into smart contracts for the purpose of creating short term assets for trading.  By using Traxia, a business’ accounts receivable can be deployed as collateral.

The system will be decentralized and will allow small and mid sized enterprises to operate without depending on banks as middlemen.  This idea is not unique but Traxia thinks the missing piece has been the blockchain technology.

Traxia says by using Cardano’s blockchain platform, they will be able to provide the fastest, cheapest transactions with the more transparency than ever before.  The Traxia Membership Token (TMT) would be used purely to initiate smart contracts in this process, so the user’s fiat dollar sales are unaffected.

The team at Traxia thinks there are several factors contributing to create this huge trade finance gap.  Atop the list of issues is the lack of trust between financial institutions. In addition, the bureaucratic nature corporate banks just serves to slow things down even more.  

The decentralized process being introduced by Traxia promises to make this entire process more efficient by making funds more liquid and eliminating the trust issue with a transparent smart contract platform.  Decentralization is a popular term these days and is obviously a driving force in the cryptocurrency movement.

The smart contracts that will be deployed by TMT tokens will appropriate funds across multiple parties automatically without intervention as soon as the terms are met.  Blockchain technology seems to be in position to accelerate cross-industry decentralization and Traxia is set to be in the middle of it by taking on a 43 trillion dollar problem.

Traxia is currently in its presale stage and can be purchased with ETH or ADA.  The Traxia team plans to roll out fully operational smart contracts by July 2018.  


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