Be Solutions Information

Delays in payment transactions generally have an adverse effect on the cash flow of companies. This forces SMEs to seek extensions of their overdraft facility and increase their borrowing. Late payment of a commercial debt can play a significant role in the survival of the enterprises as their liquidity can be severely affected even forcing some of them to exit the market. With the emergence of blockchain technology and smart contracts, businesses no longer have to rely solely on the financial sector to resolve short term financing issues. Instead, they can address the business community and use the mutual trust expressed as trade credit they gave to their buyers to resolve the mutual indebtedness. “The trade-credit you offer your customers - is a cash for you to pay your bills” The basic challenge for us is to build a mutual trade-credit offsetting system that maintains the close, personal, friendly nature of local mutual credit while enabling transactions with strangers in distant places.