• March 2018

  • Virtualgodown - B2B Platform to build trust leap between source and destination.

Virtualgodown connects source and destination to form a business network . It maps warehouses, factories, mines, retail stores across the globe thereby optimising the distribution of resources.

Trade possibilities exists between any possible space-time (location at specific time) based on various factors such as Bilateral Trade Policies, Trade Route, Cascading effect on other supply chain, Logistics planning, Market sentiments Virtualgodown tries to find the possible trade opportunity between any space time.

Stockarea can be your physical inventory location or delivery address or trade connection location from where you will be able to sell or buy the product. Stockarea will be connected to form a trade nervous system.

Stellar will be used as a medium of exchange between organisations. Platform makes the trade possibility sustainable by implementing escrow which would make the B2B transaction seamless.

Godwin Thanks for visiting the page. Stockarea will be the fundamental unit of virtualgodown. Space time to declare your inventory capacity in it. Stockarea can be programmed for automatic procurement and sales. In virtualgodown goods in stockarea move across seamlessly. In simple we want stockarea will be your inbox for production capacity, materials in inventory, materials in transit, Materials to be mined, crop to be harvested and limited to human utilisation.

      Godwin There are numerous platform solving discovery platform. In this digitalisation era, information gap has been addressed in some way or other. Next serious issue would be to build trust between source and destination . Virtualgodown uses decentralised escrow between source and destination to address trust issue . Virtualgodown, would consider using stellar network for building Electronic LC for seamless movement of materials between stockarea.

          Godwin We are seriously considering using stellar as a escrow supported exchange medium between source and destination. Stellar would be used electronic letter of credit in virtualgodown.

            Godwin We are seriously considering using stellar as a escrow supported exchange medium between source and destination. Stellar would be used electronic letter of credit in virtualgodown.

              Looks interesting..
              I wonder, what inspired you to this innovation?

                ChrisXavi It is estimated that at current price, world’s inventory would be roughly 25 to 30 trillion US dollars. To put this in perspective, the US federal budget is about US $ 4 Trillion only. Such inventory represents locked up value. To release this value, further investment –such as in manufacturing, distribution and logistics is required.

                1. Product movement in existing SCM networks cannot be leveraged, which causes liquidity crunch, leading to resistance

                2. Current SCM networks are not transparent, that is, at any time, status of a product is not known. Only endpoints of a link (receipt of raw materials and dispatch of finished products, for example) can be known with some certainty and that too on/after the event. This lack of transparency, inherent to present SCM networks, prevents various participants from taking informed, timely decisions, thereby increasing resistance.

                Virtualgodown aims to simulate supply chain management as it happens in the real world, while making the full chain completely transparent, responsive and frictionless thereby obviating problems as above leading ultimately to a reduction in inventories and associated costs. Even a 10 % reduction in worldwide inventories can translate into an asset unlocking of about 4 trillion dollars!