A blockchain trade-finance pilot with a bank, a retailer and Malawian farmers
A proof of concept coordinated across Credit Suisse, Unilever, Sainsbury's and two blockchain FinTechs.
Smallholder farmers need paying at harvest; the buyers may not realise the value of the crop for months. Halotrade wanted smart contracts that made live trade agreements transparent and immutable, so that financing terms across a complex supply chain could improve.
- Defined the real objectives with every stakeholder before anything was drawn.
- Got Provenance, BNP Paribas, Unilever and Sainsbury's aligned on roles and timelines.
- An on-paper proof of concept modelling the smart-contract logic, then a live prototype to demonstrate it.
- An end-to-end technical framework balancing the commercial and technical goals, with documentation and a handover roadmap.
Better financing terms for Malawian smallholder tea farmers, a supply chain made transparent through immutable smart contracts, real social-impact and CSR value for the corporates involved, and credibility for Halotrade inside the trade-finance ecosystem.
“Via a combination of diplomacy, firmness and ingenuity successfully delivering a market-changing pilot”
Halotrade · Trade finance
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