The SecurCloud Platform (“SCP”), which the Company has developed through the technology available in its Consolidated Payment Gateway (“CPG”), is a fully configurable, “banking-in-a-box” cloud-based platform. The overall design is a "closed proprietary ecosystem" (e.g.., intranet) so that each client has maximum control and security over any internal employees, partners, vendors, and contractors for bilateral payments and improved security.
Blockchain to Streamline Cumbersome International Trade Transactions
January 24, 2018
NetworkNewsWire Editorial Coverage: Within the international trade and finance sector, logistic companies need to better streamline their payments and documentation flow. A methodology to solve this issue in the FINTECH marketplace is blockchain technology applied to Supply Chain Finance. This allows encrypted data on all facets of international transactions, from payments to bills-of-lading to delivery data, and for the accumulating record to be privately shared among banks, shippers and traders. With the formation of its new SecurCapital Corp. subsidiary, Global Payout, Inc. (GOHE) (GOHE Profile) is addressing the supply-chain finance needs of mid-tier logistics companies while joining a growing number of other innovators utilizing the benefits of blockchain. Among them are Hive Blockchain Technologies Ltd. (HIVE.V), Cboe Global Markets (CBOE), Long Blockchain Corp. (LBCC) and BTL Group (BTLLF).
A Solution in the Making
The expansion of global commerce over the past two decades has made legacy systems for handling international logistics and financial transactions obsolete. As a result, traders are now abandoning these dated industry mainstays in favor of more advanced, efficient platforms.
Global supply chains are increasingly complex; as the number of suppliers grows, so too does the number of transactions, and therefore the depth of supply chains.
The present-day “need for speed” in the execution of secure payments in global commerce has particularly overburdened existing paper-based back offices, which often rely on faxes, phone calls and paper-ledgers to execute transborder transactions.
In the logistics industry, legacy in-house systems muddle efficiency and hamper business potential.
To help speed and secure international transactions, Global Payout, Inc. (GOHE) in January launched a new logistics industry serving subsidiary, SecurCapital Corp., to modernize logistics record-keeping through supply-chain finance.
“Clearly, there has been a monumental transformation influenced by FINTECH, Blockchain and alternative banking options within the global payment landscape,” Global Payout CEO James Hancock stated in the press release announcing the new subsidiary (http://nnw.fm/meHB1). “Traditional financial institutions are not positioned to serve global logistics payment requirements for secure access, integrated foreign exchange, and international payments or access to adequate working capital. SecurCapital will be providing a new financial pathway for the global logistics industry. Furthermore, we anticipate SecurCapital will become a significant revenue generator that should strengthen our suite of services and deliver value to the parent company, Global Payout.”
Designed as a “one-click solution” to the $800 billion global supply-chain marketplace, SecurCapital’s blockchain technology offers a cloud-based business-to-business (B2B) platform for global payments, FOREX, and accounts-receivable factoring, all with secure multi-factor authentication to mitigate risk and cut costs.
The SecurCapital Platform incorporates blockchain technology for maximum security of every process within the logistics supply-chain. It links buyers to sellers and underlying supply-chain participants to optimize cash flow, helping buyers to lengthen payment terms even while vendors and suppliers take the option of more-rapid payment, through a process dubbed “reverse factoring.”