Abstract: The invention relates to a system and method for providing trade insurance and finance. The system comprises a central controller arranged in communication with one or more databases to electronically obtain information from the databases, wherein the information includes an invoice, and a blockchain hub operationally connected to the central controller for circulating the information from the central controller to one or more platforms. The blockchain hub, which bills of lading are also encoded and verified, is capable of generating a hash response output based on a request from the one or more platforms, and wherein if the invoice meets at least one pre-determined criterion, the central controller provides the invoice to an insurer for insurance and a lender for financing the invoice.
Type:
Application
Filed:
December 6, 2017
Publication date:
November 14, 2019
Applicant:
VESL PTE. LTD.
Inventors:
Maureen Nova Chua LEDESMA, Jessica Jardeleza MANIPON, Yroen Guaya MELGAR, Christian CALABIA