The Offtake Marketplace matches buyers and sellers together for the presale of future products to be manufactured.
Regular Supply Contracts can be difficult to coordinate and even more difficult to find the correct production partner for you to sign a contract. It can be very expensive from a legal perspective and once a supply contract is signed there is still risk involved as you hope that your product is created on time and arrives to you as desired.
Smart Supply Contracts are able to account for global legalities, variables of production capabilities, specificities of buyers demands, and be able to have data verify production before it has even shipped. If 3rd party testing, 3rd party verification, production standards, or certifications are required, the data can be loaded into the smart contract to unlock the finalized completed and fulfilled agreement. This data can be tracked from seller to buyer, but also from seller to processor to co-packer to distribution.
The capabilities in the digitization of contracts significantly decreases risk for the supply contract purchaser as compared to traditional supply contracts, which in turn allows for the supplier to be removed from the significant risk of putting up all of the production money in hopes that they will eventually be able to sell their product for a good price before it spoils.
Our system is geared toward optimization in many ways that antiquated supply portals do not yet have. We have many tools that are not yet available to the public in global sourcing.
- Localization of Production when possible.
- Carbon information for production & transportation.
- Selection of Genetics
- Selection of Productions Methods
- Selection of Harvesting & Drying Methods.
- Projections for Genetics vs Planting Density over the quantity of land.
- Meets Certain Specifications & Certifications.
- Maximum / Minimum or certain traits.
Offtake has our own Supply Chain Management (SCM) software integrated into our system. You can secure a discounted license through us of the same system which we use or we can take the data from your SCM and put it on our blockchain based SCM.
We mint the ownership of each product lot into an NFT which makes the transference of ownership of the assets much easier as the product is transferred from company to company through the supply chain.
Our SCM system has been in development and use in the field around the world for over 7 years specifically focused on end to end blockchain management in commodities.
Offtake is building our data security systems using the ISO/IEC 27000 family of standards as well as GDPR and our financial transaction system to meet ISO 20022.
Our Data Management System is designed to accommodate data of any type and methods.
- Small amounts of data uploaded by standard text based cell phones which are often used in developing nations.
- Any source in the supply chain including from Supply Chain Management (SCM) & Enterprise Resource Planning(ERP) Software.
- At our pinnacle Offtake is designed to the integration of advanced IoT sensor technology.
- Production standards, 3rd party lab tests & government approvals.
The Internet of Things (IoT) is a system of sensor technology which provides data for objects that do not normally have any technological capabilities.
- QR Codes
- Cameras potentially with AI readers
- Scales & Boxes
- All Points of Logistics
- Water Sensors
- Weather Stations
- Automated Feeding
The Offtake System is being built to be ISO 20022 and Compliant allows for payment from over 70 Central Bank Currencies from around the world using ACH, Wire Transfer, CC, and Central Bank Digital Currencies as they come online.
Additionally we are planning on integrating with 6 of the top globally compliant cryptocurrencies.
Our system already has Stellar built into it.
Through the combination of all of our systems there are advanced funding solutions that we can safely integrate through our partner investment bank due to so much of the risk being removed. We have global transactability and banking solutions already committed to backing our production agreements with trade finance, escrow or supply chain financing.
Additionally, we can distribute and issue money to the producer in pre-agreed upon amounts so that the supplier has the necessary funds to purchase the supplies to be able to meet production.