PayPledge

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The PayPledge Platform ​

The PayPledge platform modernizes trade finance by leveraging blockchain technology to provide a more secure, efficient, and accessible system with benefits ranging from enhanced security and liquidity to streamlined processes and improved risk assessment.

  • The platform supports two types of guarantees.

    1. Guarantees made with an underwriters private/personal trade tokens.
    2. Guarantees made with public tokens that are exchangeable to stablecoin.

  • Underwriters can be either

    1. A Preferred underwriter who guarantees the trades of a counterparty, or
    2. One found from a marketplace of underwriters who provide liquidity to the system.

  • The platform comprises of a few distinct components that work together to facilitate trade transactions and credit underwriting. These components include a Private EVM Network for core smart contracts, a Public EVM Network (Layer-1) for liquidity and a Bridging Service for token movement. The architecture is designed to ensure security, efficiency, and scalability in trade finance operations.

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This documentation is divided into sections as below:

  • Key Benefits of Using the Platform: Discover how PayPledge enhances security, efficiency, and financial options for trade participants. Benefits include enhanced security through collateralization, improved access to financing, streamlined processes, facilitation of early financing, enhanced risk assessment, competitive offers, clear roles, and efficient handling of defaults.

  • Core Trade Transaction Flow: Understand the end-to-end process of a trade transaction on the platform. This outlines the typical steps from buyer initiation, securing the pledge with collateral, seller acceptance and delivery, payment, and potential dispute resolution.

  • Key Roles in the Ecosystem: Understand the different participants and their high-level functions. The ecosystem includes the Buyer, Seller, Payment Processor, Underwriter, and Dispute Resolver.

  • System Overview: An overview of the platform's multi-layered architecture. The platform operates across distinct layers, including the Private EVM Network, Public EVM Network, and Bridging Service.