Transactions in trade Platform

Transactions in trade Platform

Solbit blocks intervention of third party by using ‘Smart Contract’ on Blockchain in B2B transaction (Business-to-Business).

Through Peer-to-Peer transaction, Solbit made lower prices of administrative costs, bank fees and other expenses (such as agent commission, other documents fees, etc) for buyers and sellers. As recording the history in invoices, it has created innovative platform with security and faimess.

Solbit uses XBRL from USITC data to extract more than 2.8 billion data, including the XBRL back-end building and target marketing database, which is part of the company's credit tracking system. 

This data presented a good starting point to analysis past financial data and forecast credit risks on companies covering a wide range of industries and sectors.