Phlo is the world's first blockchain enabled online lending marketplace for commodity trade finance. Phlo is the flagship product of Satoshi Systems Limited - a company focused on digitizing the commodity trading, finance and supply chain processes.
In Phlo we have:
- Created an online marketplace where commodity traders can apply for trade and collateral finance which can then be matched with investors willing and capable to take exposures to such loans
- Created a platform which actively manages the risks associated with commodity based loans until the loan is fully repaid to the investors
- Used blockchain as a key technology component in all the above business projects in order to enable parties who do not necessarily trust each other to do business together or collaborate for joint business
- Use IoT as a key technology component in all the above activities to determine the geo-location and other physical attributes of the physical commodity and track the supply chain from origination until it is consumed in the manufacturing process
- Use Machine Learning as a key technology component in all the above activities to generate real time, meaningful, actionable and practical insights for all the network participants