Facilitating Global Trade Through Technology
What is iTrust?
iTrust is a trade financing platform that harnesses the power of Smart Contractual Workflows, Blockchain, and IoT technologies to improve supply chain visibility and risk management. By providing means to detect fraud and performance exceptions, iTrust allows both lenders and borrowers to assess and mitigate risks in new light. This opens up new market opportunities in trade financing globally, where iTrust aims to be the technology facilitator.
Smart Contractual Workflows
Smart Contractual Workflows manage trade finance transactions in financial, documentary and operational aspects. Other than automating manually intensive processes, they provide users with sanity checks as the trade progresses.
Internet Of Things
IoT enables real-time visibility on the cargo location and condition. Cargo transit and storage visibility, including security, stock tracking, and environmental conditions, could be obtained timely to detect operational exceptions.
Blockchain Enabled
Blockchain ensures data integrity and immutability, allowing stakeholders in the supply chain to verify data and documents against a genuine source and enables trust between stakeholders.
Trade Financing through iTrust
Visibility in today’s supply chain is restricted to paper documents and financial transactions, without much actual visibility of the operations or physical supply chain. More often than not, this visibility is restricted to one or a few stakeholders and not transparent to the trading ecosystem. The iTrust platform captures the collective interaction between the documentary, financial and operational aspects of a trade financing transaction, offering stakeholders a trusted and transparent bird’s eye view of the trade’s progression.
Click here to see how it works.
Our Investors
Ascent Solutions is a global company headquartered in Singapore specializing in IoT and GPS Security Tracking Solutions for the logistics industry. Ascent offers solutions for secure cargo tracking, consignment stock management, chain of custody control, non-motorised asset tracking and human tracking to our clients. With the integration of environmental sensors to detect humidity, temperature and more, Ascent can also offer powerful solutions for food safety and traceability to ensure the integrity of perishable goods and ingredients on the move.
Today, Ascent’s iSPOT Electronic Cargo Tracking System is used by Kenya, Tanzania, Indonesia and Thai Customs for the tracking of bonded containers. In East Africa alone, Ascent tracks more than 10,000 conveyances daily.
Ascent’s corporate investors include Temasek (through Heliconia), UOB ventures, SPRING and Delta Electronics.
1Citadel is a provider of digital trust and integrity in the Digital World through her SDE (Secured Digital Eco-system) platform. 1Citadel’s SDE is powered by appropriate Blockchain-enabled technologies across the OSI (Open Systems Interconnection) layers that can easily integrate or interface to clients’ systems and applications in quick turnaround time.
1Citadel is founded in 2017 by Mr Ong Hian Leong, who has stepped down from GIC earlier in 2017. From 2000 to 2017, Hian Leong was the Managing Director and Director, Technology of GIC Pte Ltd, responsible for the Global IT of GIC across 10 major cities. He drove the GIC Digital Transformation and laid a solid foundation for GIC to be a world class technology-driven fund management company.