Product description

Sumara is an end-to-end digital platform designed to revolutionise international trade for private companies engaging in imports or exports with developing markets.

The platform offers instant, low-cost international payments, instantly generated trade finance instruments, and access to credit for international trade.

Sumara offers companies in developing markets instant, low-cost international payments, instantly generated trade finance instruments, and access to credit for international trade. Bridging the gap that banks can't fill.

Sumara’s solution is built on its own robust blockchain protocol, ensuring secure, transparent transactions. Initially, Sumara will provide a comprehensive, integrated solution, with the vision of evolving into an open protocol that supports a wide range of users and third-party developers.

Key Features

• Instant International Payments: Enable fast, low-cost cross-border transactions, leveraging blockchain technology to eliminate traditional banking delays and fees.

• Trade Finance Instruments: Instantly generate trade finance instruments such as Letters of Credit, proof of funds, and guarantees, enhancing trust between trading partners.

• Access to Credit: Provide seamless access to credit for international trade, using both on-chain and off-chain mechanisms to ensure liquidity and trustworthiness.

Sumara’s platform combines blockchain technology with a user-friendly interface, abstracting complex Web3 elements to deliver a simple, powerful solution.

This approach allows Sumara to support immediate user needs while building data and laying the groundwork for an open, scalable trade finance ecosystem in the future.

General overview

Sumara is a digital platform accessible via mobile and web interfaces, interacting with our Web3 protocol backend. This setup allows Sumara to:

• Build on an open, permissionless ecosystem

• Enable instant, borderless payments

• Utilise USDT for international payments in developing markets (research has shown USDT for international payments already has some product market fit)

• Access DeFi credit markets

• Create improved trade finance processes

• Build trust through transparency

• Support a trade finance ecosystem that partners and third parties can build upon

Initially, Sumara will operate as an end-to-end solution, and will use the Web3 protocol as its backend. Sumara plans to open access to the protocol to other regulated distributors in the future.