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SilkChain

The First Blockchain Based Platform in Global

SilkChain is the first blockchain project dedicated to improving international trade. For its fundraising, the project has gathered the most influential members and participants. The project has gathered world leading business groups, trading companies, e-commerce companies, logistics, warehousing and finance companies from around the world. The participants involved firmly believe in the mutually benefital, mutually trusting principals of the project. The members are committed to transform their respective centralized systems to a decentralized, open, transparent, trusted ecosystem. We are united around the goal of sharing more resources, and profits to create a bigger, and more efficient market to improve the long term sustainability of global trade.

4.1
7 6 expert ratings
Benchy 5.0
Experts
3.5
3.9
3.8
View rating distribution
Ended
2018-07-20 - 2018-08-06
37 days 19 hours left
2018-08-07 - 2018-10-30
Token
SILK
PreICO Price
1 SILK = 0.04 USD
Price
1 SILK = 0.04 USD
Bounty
MVP/Prototype
Platform
Accepting
ETH, BTC
Minimum investment
0.5 ETH
Soft cap
17,000 ETH
Hard cap
95,000 ETH
Country
Whitelist/KYC
KYC
Restricted areas
China, Iran, North Korea
More on ICO
Report

About SilkChain

In recent history, globalization has evolved over four major stages: commodity globalization, capital globalization, information globalization and data globalization. As a dominant form of interaction between nation states, international trade is undergoing rapid digitization. As the WTO has lowered the barrier for international trade in the past decades, the emergence of the internet has reduced information asymmetries across countries. These two factors have contributed chiefly to the rapid growth in international trade. According to figures, in 2016, the total global import and export has reached USD 31.15 trillion, is equivalent to the combined GDP of China and the United States. A global trade system with unprecedented size and scope has emerged as a result.

Unfortunately, crucial obstacles still persist in four critical aspects in the current trade system: business flow, goods flow, capital flow and information flow. Lack of fundamental improvements in these four areas has become a drag on the growth of international trade.

1. Business flow —— high cost of trust and credit building between parties.

2. Goods flow —— high cost of tracking the entire supply chain, and difficult to accurately and reliably trace the source of goods.

3. Capital flow —— Long cross-border settlement period, lack of cost effective financial support system, which is of particular importance to small and medium-sized companies.

4. Information flow —— fragmented trade information and centralized service platforms.

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ICO KYC Report
3 members invited
Ziling Deng
Passed
JiangFeng Feng
Passed
Jiatao Chen
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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