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Financial operating system for commodity supply chain

Binkabi's highly flexible and scalable technology caters for a wide range of use cases in the commodity supply chain. Some of the use cases have been developed into end-to-end solutions that enable you to quickly deploy to the market. Other use cases could be developed by anyone who would like to transact while maintaining ownership of their data, business relationships and transactions. This is the essence of Tokenisation as a Service whereby you can interact directly with our smart contract platform simply via an API connection.

Supply chain problems and Binkabi solutions
More profits
Problem: Farmers lack access to quality inputs, market for their produce and affordable loans

Solution: Inputs financing program linking banks, farmers, input suppliers and offtakers; warehouse receipt trading and financing
Lower interest rates
Problem: Due to poor financial record and lack of suitable security, SMEs can't borrow or often at very high rates

Solution: Link SMEs to supply chain programs so they could leverage corporate's credit rating for lower interest rates
Secure supply, lower interest rates
Problem: Supply chain breakdowns giving rise to raw material shortage and price hikes threaten continuity of product lines

Solution: Supply chain programs that cover both their suppliers and buyers to ensure deep tier financing
More business, lower credit risks
Problem: Highly manual process leading to high cost-to-serve and lack of data to correctly price credit risks

Solution: Supply chain finance solutions synchronising physical and financial flows plus full visibility of cash flows on both supplier and buyer sides
Secure supply and traceability
Problem: Unpredictable supply (quantity, quality, timing) and unable to trace commodity back to source

Solution: Traceability is naturally possible by connecting actors along a supply chain. Integrate IoT solutions to enhance data collection
Asset utilisation, live tracking
Problem: Assets like warehouses and silos laying idle due to supply chain breakdowns. Unable to track goods in real time.

Solution: Digitise current processes; Live reporting of inventory positions on the blockchain. Integrate IoT solutions for live tracking of goods.
Built on Ethereum blockchain, our platform consists of 3 layers. Depending on how the 3 layers are used a wide range of use cases could be supported
Binkabi protocol
1. Token smart contracts: represent real-world assets such as commodities (e.g. 1 ton of rice), fiat currencies , loan assets, commodities pledged as collateral, loan liabilities, accepted invoices. They are fungible (e.g. Naira) or non-fungible tokens (e.g. accepted invoice) or carry special properties such as transferable or expirable, mimicking behaviours of real world assets.

2. Business logic smart contracts: Each class of use cases such as trading, financing, payment is governed by a smart contract that interacts with tokens to deliver business logics of the use case.

3. Applications: Strictly not part of the protocol, centralised or decentralised (future) apps for user interface and user experience (e.g. server automatically repeating attempts to call blockchain if the first call is unsuccessful). This helps improve user experience due to the nascent nature of blockchain technology.
What would you like to build on Binkabi ?
Example of warehouse receipt tokenisation and trading
Commodity Exchange/Warehouse
Token smart contracts: Fiat Asset Token (FAT) and Commodity Asset Token (CAT)
«usiness logic smart contract: Domestic trading
Benefits to participants
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