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Global transactions at nearly no cost
1) The challenge
One of the major growth challenges for fast growing companies is to establish them quickly in other countries. That requires connections to people they can trust and to overcome some of the major hurdles including dealing with foreign exchange rates, transaction cost with initially small volume, dealing with letter of credits, bank guarantees, monitoring shipment processes, servicing foreign customers, credit risks and other trade challenges. Traditionally these challenges delayed the "going international" process significantly.
Helping young entrepreneurs and even established national innovation labs to go international more easily would obviously strengthen their business and give them a competitive advantage. Today this would be possible by handling the entire process via a blockchain system. While it may be complex and difficult for established businesses to make a transition, for young businesses with no international sales so far, it's not only much faster and easier it gives them an additional competitive advantage.
3) WIForum Blockchain Project
We decided to invest into a blockchain project, where we are going to build a massive transaction network across the global. It will allow young innovative businesses to trade goods and services across the blockchain around the world. Goods can be purchased in crypto currency and converted locally to whatever currency the customer wants. The whole process is represented through smart contracts, where all participating parties get easy access to the blockchain.
One of the founders is Axel Schultze, founder of Computer 2000 which grew from zero to one of the largest high tech trade organizations with $5 Billion in revenue. His global trade expertise is instrumental in building out the rather complex business processes onto a blockchain.
5) World Innovations Forum ICO
The company plans an ICO in 2018 to finance the massive project that will eventually be able to handle more than a Trillion Dollar transaction volume.
If you are interested in this project and like to be informed as we progress and want to participate in a possible ICO, please register here. Any opportunity to participate goes in the order of registrations by date.
Project Team Wanted
We are looking for Blockchain and crypto currency talents, supporter and companies who want to participate and influence the project. If you are interested, please send us a message to blockchain at World Innovations Forum com or check out our jobs listing