AfCFTA.Net Invitation
AfCFTA.Net is Part Of TradeDigitization.com
"Facilitating AfCFTA Partnerships"
Africa can become the world's powerhouse
The Web-3 Protocol can help with this
INDEX
Glossary
About The Web-3 Protocol
Quotes From Partners
Fulfilment Centre Opportunities
Distributor Hubs
Warehousing and Fulfilment
Glossary
Marketplaces.Trade is operated by TradeDigitization.com, as a co-operation with TradeKey.
TradeDigitization.com is an IBM Partner Programme, and comprises of TRADE GATEWAYS and e-Debit.
TRADE GATEWAYS is a network of over 300 Digital Trade Gateways that utilize Marketplaces.Trade to source and sell products for Trade Microsites featured across the Trade Gateways.
e-Debit is a platform used to facilitate Trade and Invoices Finance through major providers
TradeKey is the worlds largest B2B Marketplace.
The Web-3 Protocol
The Web-3 Protocol has been initiated TradeDigitization.com.
It has been designed to help with a transition to Web 3 from the familiar Web 2. It is utilized to facilitate Distributors.Network.
AfCFTA.Network - Using Web 3 to Facilitate relevant partnerships
Africa could become the world's powerhouse, particularly with the African Continent Free Trade Area (AfCFTA) removing trade barriers.
AfCFTA is key to implementing the Agenda 2063 goals, which include trade digitization and modern agriculture for increased productivity and production.
AfCFTA aims to eliminate trade barriers and boost intra-African trade – projected to represent a single market of 1.7 billion people and $6.7 trillion in consumer and business spending for the region by 2030.
AfCFTA.Network is part of TradeDigitization.com which works with major partners to utilizing Web 3 to provide an infrastructure for Trade Digitization.
TradeDigitization.com partners include IBM, the global Leader in Blockchain, TradeKey, the world's largest B2B Marketplace, and major providers of financial services.
TradeDigitization.com brings relevant partners on board, and provides an infrastructure for Trade Digitization. within which those relevant partners can be brought together with to work with TradeDigitization.com's existing partners to provide useful products and services facilitated by Web 3.
Africa's agriculture and food production from can help to leverage the benefits of the AfCFTA.
The digitization of trade processes throughout the African continent will exponentially multiply the potential of AfCFTA.
A Partnership is being implemented with the Farmers Development Union (FADU), an NGO, which is a membership organization of African farmers numbering over half a million members.
The co-operation includes FADU members using the infrastructure provided for Digital Trading of Products and Inputs as well as for getting Finance.
Digitizing Farms as assets to Help with Funding
It is hard for farmers to get funding using their land as collateral, as ownership of land can be opaque and hard to easily verify. This has trapped assets and the release of capital that could be utilized by farmers by tokenizing the farms.
Tokenization can help provide access to digital asset-backed loans for farmers.
Use of the Portals For Web 3 Procurement
Web 3 Procurement is Procurement that utilizes Web 3 technologies.
Web 3 Procurement is a digital B2B business process that utilizes Web 3 Technologies to centralize purchasing workflows and streamlines business transactions like procuring goods and services to reduce costs and improve purchasing processes.
The Web 3 Portals that will form AfCFTA.Network will provide tools to help replace paper-based operations by digitizing traditional procurement processes. This reduces the overall cost of procurement, and makes it more efficient.
Plugging into the TRADE GATEWAYS Network and utilizing the e-Debit Platform
TradeDigitization.com is an IBM partner programme. It provides an infrastructure for Web 3 operations. It has 2 components. The first component is the TRADE GATEWAYS network of over 300 Digital Trade Gateways. TRADE GATEWAYS co-operates with B2B Marketplaces with millions of subscribers...
Notable Quotes From Partners in the Parent TradeDigitization.com Programme
"Exciting Opportunity"
From TradeKey - The World's Largest B2B Marketplace
"We are looking forward to building a thriving partnership!"
From IBM - Global Leader in Blockchain , the cornerstone of Trade Digitization
Trade Digitization.com Opportunity for AFCFTA Trade
AFCFTA - Key Points
- The global services market 6.1 trillion dollars. Services Export is growing faster than commodities export globally
- There is massive potential in AFCFTA for Services Provision.
- Yaba can become the Silicon Value for the AFCFTA. TradeDigitization.com plans to use Yaba.Site in this regard
- There is Massive market for AFCFTA due to free movement etc
- AFCFTA is a custom union. So goods coming in at any point have free access to the AFCFTA
- This is the future for countries in the AFCFTA
- Export provides major opportunities for AFCFTA countries
- All Africa needs for Africa, is in Africa.
- Logistics is the Lifeblood of International Trade
- AFCFTA features a pan African trading system. There no need for dollars. Payment in local currencies
- Value added provides major opportunities
- As an example, cocoa is a $200 billion market. 75% of cocoa comes from 4 countries. They only get 10 billion because they do not add value. This underscores the need for industralization .
- Value can be added to AFCFTA crops with the Ethically Sourced mark from TradeDigitization.com. Standards are critical in International Markets
- Typically, a fraction of loanable funds from financial institutions in AFCFTA countries go to non oil exports
- Lack of Logistics Infrastructure is a major challenge. To reawaken exports, there is a need for critical logistics infrastructure. AFCFTA helps with this. The need for quality Infrastructure cannot be over emphasized. This can help to derisking the export value chain
- The Web-3 Protocol can help Facilitate Distribution Channels and Providing Web3 Benefits To A Distributors Network. It is tough to Export. This can help to make it easier
- Trade Digitization is the light that can help change things. As an example, silos are a major problem. Trade Digitization can help overcome these problems. everyone is on board at Lagos. Trade Digitization can help get everyone on the same page.
- The 3C's are very important. Communication, Collaboration, Clarity. Trade Digitization can help with this.
Benefits of Trade Digitization
Paper Based Trade
⦁ Complex
⦁ Inefficient
⦁ Prone to human errors
⦁ Difficult to maintain
⦁ Does not scale
⦁ Fraud and theft
⦁ Lack of traceability
Digitized Trade
⦁ Simple
⦁ Scalable
⦁ Standardized
⦁ Automated
⦁ Easy to maintain
⦁ Enables evolution
Features of Trade Digitization
In 2023, the global logistics market was estimated to be about $15 trillion USD, and about 10% of the entire global GDP.
The market, is expected to grow by about 11% per year (soaring from 1.2 trillion actions a year to 1.7 trillion actions).
$80 billion of goods lost each year due to the chaos, inefficiency, complex processes, theft, fraudulence and manual work.
An effective supply chain can be the crucial differentiator between businesses. In this day and age, the supply chain has moved from its role as a secondary function to a vital value-adding service.
TradeDigitization.com can help to facilitate Supply chains for AFCFTA Businesses.
Manufacturers and Suppliers want enhanced fulfilment capabilities, and efficient supply chains. TradeDigitization.com can help to facilitate this for AFCFTA Businesses.
What is our Mission?
Our mission is to facilitate a Distribution Network to facilitate Trade Digitization. Logistics is the Life Blood of Trade Digitization which requires warehouses from which documents can be digitally signed from an authenticated IP address .
Marketplaces.Trade features millions of products from manufacturers/suppliers across the world. The Distribution Network we provide, facilitates the delivery to buyers of products purchased via Marketplaces.Trade.
The Web-3 Protocol
The Web-3 Protocol has been initiated TradeDigitization.com.
It has been designed to help with a transition to Web 3 from the familiar Web 2. It is utilized to facilitate US Distribution
Key Challenges
Efficiency and Interoperability: The disconnected state of logistics services and communications makes interoperability difficult.
Fraud : Paper-based verification can also be easily forged. It can also take a long time to work its way through the system.
⦁ Lack of Product Provenance Traceability:
Trade Digitization.com can help to ascertain the provenance of products, something that is quite important in today's world.
New Opportunities
Warehouses Role in Trade Digitization
The TRADE GATEWAYS Network provides Vertical and Regional Trade Gateways that facilitate transactions that emanate from Marketplaces.Trade.
A Trade Digitization infrastructure is being facilitated across a network of independent Designated Warehouses and Logistics Centres, featured at Branded Trade Gateways. Such a network is a vital requirement for the Digitization of Physical Goods for National and International Trade.
Warehouse Receipts are essential in the Digitization of Physical Goods
Digitization of warehouse receipts has revolutionized the landscape of warehouse receipts, making them more secure, efficient, and accessible.
Digital warehouse receipts eliminate the need for physical paperwork, reducing the risk of loss, damage, or forgery.
Authentication of Digitally Signed Warehouse Receipts and other Trade Documentation
Verification from authenticated IP addresses, has emerged as a robust solution for enhancing the security and transparency of digital warehouse receipts.
When these are done from Trade Gateways in the TRADE GATEWAYS Network, this helps ensure that, each transaction involving a warehouse receipt, is recorded in a tamper-proof ledger, ensuring that the ownership and condition of the stored goods are indisputable.
It is essential that the issuer of warehouse and other trade documentation, be verified as the entity that is storing the relevant goods and has custody of them.
The Role of Warehouse receipts
Warehouse receipts play a transformative role in trade and trade finance by providing a reliable mechanism for businesses to unlock the value of their stored goods.
These documents act as a bridge between physical goods and financial liquidity. They can also help companies to access working capital.
Warehouse receipts, issued by a verified and designated warehouse in the TRADE GATEWAYS Network, provide a standardized and universally verifiable proof of ownership, and help facilitate trade.
Facilitating Trade Financing
The ability to use warehouse receipts as collateral for loans is a game-changer for many businesses, especially small and medium-sized enterprises (SMEs).
SMEs often face challenges in securing traditional financing due to a lack of substantial fixed assets or credit history. By leveraging warehouse receipts, these businesses can demonstrate tangible assets to financial institutions, thereby improving their credit worthiness.
This not only facilitates easier access to loans but also allows for better terms.
Facilitating National and International Trade
As many transactions are agreed as Ex Warehouse transactions, with the designated warehouse at the relevant Trade Gateway being where the consignment is delivered to, the designated warehouse can be an integral part of transactions. Onward fulfilment services can be provided.
E: contact@tradegateways.com