TradeChain applied to Cattle Transboundary Transport - Functional Scope

In a European context in which livestock production is constantly growing and where linked economic activity is becoming increasingly important, cross-border transport of livestock has become a determining factor in ensuring the health and welfare of transported animals and the quality end of the product motived by the huge impact that the transport phase has on the final product

In the same way that it is essential to establish a management framework for the extended responsibilities of the producer such that it is involved in prevention and in the organization of the management thereof, it´s also essential that the activities of the different players involved in the chain of cattle mobility are standardized, monitored and audited in order to ensure strict compliance with the objectives defined.

 

 

In this scheme, the value proposition of TradeChain focuses on the registration, management, monitoring and control of all the agents and objects involved in the  Cattle Transboundary Transport Chain in order to guarantee the observance of good practices, the monitoring of activities and the fulfillment of objectives


Document authentication and Identity Management are closely related, as basic electronic  document authentication can only be established if:

Reputed authenticating authorities exist

and if The identity of the requesting entities is known to the authenticating authorities

TradeChain will offer electronic authentication services where the entire authentication chain.

Permissioned access to the authenticated resources by users or system processes will be  ensured by the BlockChain built-in capabilities



TradeChain offers the functional suite to manage the "rules of truth" for Cattle Management, where electronic transactions and all assets and related documents can be published securely and made publicly verifiable.TradeChain offers customizable trust models, which make it possible to guarantee both  data privacy and auditability required by all the players in the industry: businesses, logistics, financial services,  insurances, authorities... focused on the blockchain-based services with an  emphasis on Supply/Trade Finance/KYC/AML

 

The ability to secure peer-to-peer financing deals systematically and to execute instant transfers and sanctions are the main advantages that the use of TradeChain introduces.
This is only possible if you rely on the secure BlockChain network to control the processing of the funds. To address this fundamental requirement, TradeChain enables the development of Smart Contracts based on cryptographic tokens that will circulate among the stakeholders  as the primary underlying medium of  exchange for supporting deals and trade services. In this way, it will also allow tokenize credit, which will enable further financial trading opportunities


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