Our CEO shares Distichain’s origins, its mission to simplify and digitize international trade, and its focus on food & agriculture.
“When it comes to trade, you don’t just need logistics, insurance, and payment; you need them working seamlessly together. And in international trade, that’s quite complex. Technology is only one part. The legal, different standards, and multifaceted rules are complexities invisible to most. So, in the simplest terms, Distichain delivers International Trade as a Service” Jamal says.
“The added value of Distichain is multi-fold,” he says. “We give B2B marketplaces a full, ready-to-go platform for the cost of one developer; they can focus on commercial immediately. For all users, we also enable efficiencies that lead to cost saving: in an industry that operates at 90% on paper or manually, automation can be a life saver; our system doesn’t go on vacation, documents don’t go missing, mistakes are avoided, time is saved. And as we deal with a number of providers in a very fragmented landscape, we can negotiate rates that significantly improve their cost structure.
Lastly, we remove the need for brokers, which can save up to 20% of costs for some companies, not to mention avoiding the headache.” Meanwhile, as governmental institutions increasingly digitize internally, Distichain enables a connection between different touch points that is simple and smooth – a digital Silk Road that empowers trade.”
To read the full interview, click here.
