AfCFTA.Net
Part Of TradeDigitization.com
Aiming To Connect The AfCFTA.net Ecosystem
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 will be used to facilitate the AfCFTA.net Ecosystem
AfCFTA.Net - Aiming To use 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.
TradeDigitization.com works with major partners to utilizing the Web-3 Protocol 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.
The AfCFTA Ecosystem can Plug into the TRADE GATEWAYS Network and utilize the e-Debit Platform
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?
By The end of 2029, to have gradually put in place the building blocks for the AfCFTA.net ecosystem, which has tremendous potential for the AFCFTA. However, to reach its potential, the AfCFTA.net ecosystem will need ongoing economic support in years to come.
To address the need for ongoing ecosystem support, the , the AfCFTA.net Community Treasury, is proposed as an ecosystem fund. It should provide Ongoing, self-sustainable economic support for as long as required.
There will gradually be reduced dependency on TradeDigitization.com Resources
The Community Treasury will be funded by a predetermined sales of EDEBIT Tokens, which are expected to rise exponentially in value as they are a native token of the TradeDigitization.com programme. They are expected to be enhanced by the AfCFTA.net Programme.
EDEBIT Tokens currently have a market capitalization of $61.4 million US Dollars. EDEBIT Tokens dedicated to this purpose is 2% per year, for 5 years. This guarantees strong ecosystem support during this period, critical for development, growth and positioning of the AfCFTA.net ecosystem
The federal government has unveiled a comprehensive plan to lead Africa’s digital trade revolution within the framework of the African Continental Free Trade Agreement (AfCFTA).
The Federal Government has a strategy to harness trade as a catalyst for economic growth and continental cohesion in line with AfCFTA objectives.
The AFCFTA.Net Ecosystem
The AfCFTA.Net Ecosystem has a big role to play. Funds from the Community Treasury detailed above, will be used to pay to incubate the following projects for which the Domains are owned by TradeDigitization.com on a venture capital basis. Good people would need to be identified to run individual projects. Each project would be costed separately, and funded from the Community Treasury Fund
TradeDigitization.com owns the Woolworth Trade Mark for Nigeria. One of the featured projects will also be to Franchise Woolworth stores inside existing stores to provide distribution for participating Manufacturers/Suppliers
Each Project as follows, scheduled for venture capital funding over the course of the next 5 years, is selected to play a particular role within the AfCFTA.Net Ecosystem. The right partners would also need to be found for individual Projects
- AfCFTA.trade
- AfCFTA.business
- AfCFTA.city
- AfCFTA.co
- AfCFTA.community
- AfCFTA.site
- AfCFTATV.com
- Africa.1
- AfCFTA.services
- AfCFTA.store
- AfCFTA.website
- AfCFTAdomains.com
- AfCFTA.community
- AfCFTA.email
- AfCFTA.info
- AfCFTA.news
- NG.AfCFTA.news
(Replacing Nigerias.News) - AfCFTA.online
- AfCFTA.shop
- AfCFTA.Bond
- AfCFTA.Directory
- Ecowas.co
- Farms.Trade
AfCFTA.cloud:
Plan to work with Google Cloud to Build an AfCFTA Cloud that supports the Web-3 protocol and the infrastructure for AfCFTA.net projects. It would also be a resource to support wider AfCFTA.net projects.
AfCFTA.network:
Plan to use to co-ordinate a network that helps develop necessary partnerships and support for the programme
Nigerian.Trade:
Initial Proposed project whose 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 .
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.
Warehouses Role in Trade Digitization
The Partnership with TradeKey as a Partner Marketplace can help source and sell products globally across the programme.
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.
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.