Use the best of blockchain and AI technology to create a frictionless system of global trade finance. Transactions with Envoy will be faster, more cost-effective and safer than ever before. The Envoy ecosystem will finally unlock the trillions of dollars worth of assets that are trapped within the finance system and bring new streams of liquidity via a marketplace of financiers and invoices using private ledger enhancement.
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Rated on Sep 10, 2018
I actually do think this product is important to the market and the use of blockchain is clever. The product is commercial and companies will find this useful. Good team with a good track record.
Rated on Oct 22, 2018
Great concept on paper but I am doubtful if the team has experience to pull this off. They definitely need a risk manager and a legal head for sure as Paul mentioned.
Disclaimer: This is my independent review on this ICO and does not constitute any investment advice. ICOs are risky, kindly do your own research before investing.
Rated on Aug 29, 2018
Modified on Nov 8, 2018
Team - needs a risk manager, head of legal and CFO. CEOs LinkedIn profile not available. Not much experience or educational standard in core team. Some good advisors, but there needs to be clarity of what they bring to the project.
Vision - like it. Trade finance is ripe for disrution by DLT. But, I think this project will be hamstrung by using Ethereum blockchain for its architecture. It won't be able to process the amount of trades it has to per day without clogging the ledger and making the process inefficient. Primary target of SMEs is not going to grow the platform to take advantage of first mover status. Given the greater efficiency of the platform compared to present market, surely getting big players on board should prove easy? The project doesn't appear to have partnered with anyone yet, which is worrying. Tokens issued prior to platform build is a red flag for me - adds a layer of risk to the token value and potential opportunity cost between investing and ability to sell on to those wanting to use platform. Need better info on fixed and variable costs for soft/mid/ hard cap raise spending.
Product - no MVP on website, implies that you're backing a nice idea at the moment.
Good luck to the team implementing this project. Please advise via LinkedIn once MVP is available for reconsideration.
UPDATE - in line with CEO’s comments, which appear to be some sort of personal attack.
Team - 1. The project is led by a former professional dancer with little to no business leadership experience and no executive education. Is this really the type of leadership we would expect to see from a project of this scale? Would you hand over your money to a project under such inexperienced leadership?
Furthermore, he has considered the best way to deal with a review pointing out potential flaws is to try and create arguments as opposed to a two way dialogue to see what could be done better. In the words of Churchill, “You won’t ever reach your destination if you stop to throw stones at all dogs that bark at you on the way.”
Vision - nice idea, but poorly conceived. There will be better versions of this type of solution. I suggest holding out for these. Or at least one with a working.......
Product - no MVP. Still. How can projects attempt to fund raise without having an MVP nowadays? This is Q2 2017 anymore.
And for clarification of the CEO, I hold a plethora of education and experience.
I usually wish luck to the team at the end of reviews, however, I think it best to wish luck to those investing here - I’d be surprised if you’re boasting any returns once/if the tokens are listed on an exchange.
Rated on Sep 6, 2018
I like Envoy’s vision, trade finance is a domain which can really benefit from distributed ledger technology. The team appears to have limited experience. Eagerly waiting for the MVP.
Rated on Sep 17, 2018
Can only say I agree with points from Paul Cliffe above. Roadmap where first deliverable is a wallet is something I've seen in many projects, for a simple reason - there's plenty of open source wallets available. Real business execution of this project is very high risk, it's the IBMs of this world that can execute on things like that.
Rated on Aug 21, 2018
Modified on Oct 23, 2018
With proper trade finance system, it can help many business that need funds quickly access investors. Blockchain will help to reduce the time needed in scenario such as letter of credit.
Rated on Feb 6, 2019
Great responsive Team. Their project brings the old world and the new technology together. The sector SMEs is not easy to convince for new solutions. Looking forward to see the MVP
Rated on Nov 10, 2018
Modified on Nov 10, 2018
The vision/idea of the project makes sense as blockchain could be a good solution for the fragmented, siloed, and inefficient global trade finance space. This is a blockchain use case that seems to work given that many distrusting parties interact on an international scale with many paper laden processes in place. However, the team does not have the experience I would want from a project of this magnitude. There are also many multinational political factors to consider with a use case like this. I have some issues with the roadmap as well, mainly that marketing comes before any sort of product is built. It also appears that they are looking to raise money via marketing then build the product. IMO that model is not viable anymore and they need to build a product or at least PoC first.
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TeamApply as an advisor
Founder at You and Me Capital
Founder - The Times of Crypto
Designer And Visual Storyteller, Blockchain Enthusiast
Trade Finance Specialist
Trade Finance Specialist
Cooz Komei Tokita
vision of envoy formed
Team and strategic partners initiated
Smartym development team initiated
smart contract development
Nvoy wallet creation