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As real-world trading landscapes evolve, trade and B2B markets are becoming more complex and volatile with greater financial constraints and tighter regulations. Buyers and sellers are getting more frustrated with having to understand and learn how to navigate all this and survive in their business.
OODLE Marketplace is an easy-to-use real world trading platform that delivers powerful end-to-end blockchain support to its members —from simple data capture and analysis to a more sustainable financial payment environment than traditionally exists.
OODLE Marketplace delivers powerful end-to-end trading power - from deal origination to settlement.
OODLE Marketplace insurance strategic partner, Arthur J. Gallagher & Co, founded in 1927, is one of the world’s largest insurance brokerage and risk management. They will work in unison with OODLE Marketplace to provide members the most effective and cost-efficient insurance solutions to all their business needs, no matter how unique and obscure they may be.
Arthur J. Gallagher & Co will provide OODLE members with all their global insurance needs.
OODLE Marketplace is an ecosystem of integrated systems providing pre-qualified members with the ability to efficiently conduct end to end real world trades with one another.
OODLE Marketplace smart contracts on blockchain provide automation and ease of use, with the ability to ingest many data points per trade.
OODLE Marketplace governs members real-world trades and provide members with the transparency and trust they require when trading.
OODLE Marketplace offers members end to end TRANSPARENCY, OVERSIGHT & GOVERNANCE throughout real-world trade transactions and processes.
OODLE Marketplace facilitates the execution of digital contracts, commonly referred to as 'smart contracts'.
OODLE Marketplace smart contracts– are created and permanently stored on the Blockchain. They are programmed in such a way that specific actions within the real-world trade are executed when certain, pre-defined conditions are met. In this way, OODLE Marketplace smart contracts – in combination with digital payments – pose huge benefits in terms of accountability, governance, and automation of members interactions within the supply chain of members’ real-world trade.
On OODLE Marketplace payment-upon-delivery processes are linked with smart contracts – stored on the Blockchain.
At the point of agreeing to conduct a trade together, members can initiate a smart contract which registers both the price rate (price per volume/mass commodity), the amount (volume/mass of commodity), and the delivery time and location. This information, "along with authenticated thumbprints of all trade documents" – captured in smart contracts – are stored on the Blockchain. Upon delivery – the contract is enforced, and payment made.
OODLE Marketplace’s real-world trading blockchain implementation enables a smooth relationship between members buying and selling with one another and provides a greater level of assurance and security in their business than they currently have.
OODLE Marketplace is working to partner with a leading supplier of geolocation transmitters. These transmitters are used to carefully track and trace the transport routes that were taken during the delivery of the goods.
Due to the inherent characteristics of the blockchain – being Distributed, Transparent, and Immutable – OODLE Marketplace will enable geolocation data on the blockchain.
This provides OODLE Marketplace members that are buying and selling with one another, a unaltered and righteous source of information regarding the origin, chain of custody and transportation of the goods in their real-world trade.
On OODLE Marketplace payments are processed and linked within OODLE Marketplace smart contracts – which are also stored on the blockchain.