sofoCap is a Blockchain-based solution designed to streamline Supply Chain Financing.It has been built on HyperLedger and uses Smart Contracts for digitizing processes.
By implementing sofoCap, businesses can facilitate the processes of Bill Discounting and Channel Financing. It creates a platform where trade partners can interact with each other without any restrictions or reservations in a transparent ecosystem.
Our solutions significantly increase transparency for all stake holders by providing real-time and reliable view of every transaction happening in the ecosystem.
Against well-known trade instruments such as PO’s, Invoices, Inventory Assets and Payment Obligations.
By utilizing “Trade Finance” instruments such as Factoring, PO Financing and Vendor Managed Inventory Financing.
By utilizing the underlying Smart Contracts based on pre-defined data triggers such as “due date for loan repayment.”
once the buyer approves them, eliminating duplicate (“Double Spending”) and fraudulent invoices across the network.
so that the lenders can purchase parts of invoices to reduce risk.
and coordinate remittance information, since it immutably captures the data attached to each invoice.
since each invoice has been tokenized and its data is present on the Blockchain, there is no need to manually reconcile the invoices.
as it eliminates manual paper work.
since it creates a transparent, yet secure ecosystem.
the earlier payment is made, the greater the discount realized for the buyer.
sofoCap has been designed keeping in mind challenges faced by a lender while financing a supplier. With a strong team of developers & project managers, we are looking to collaborate with organizations to help them ease complexities and reduce cost.
Of all the diseases that have plagued the human race in decades, cancer tops the list for being the most grievous one. The name itself makes shivers run down the spine, for what this dreadful disease results in. While the medical science and technology is evolving day by day, still…
Read MoreThe technology landscape is abuzz with a new yet promising technology, ‘Blockchain’. The distributed ledger technology (DLT), has disrupted the IT landscape in ways that has not been witnessed since the arrival of internet. The technology that underpins Bitcoin will make organizations more transparent, democratic, decentralized, efficient, and secure. While…
Read MoreThe automotive industry is moving quickly towards an era of intense change. In fact, the future of this industry will be starkly different from that of today and will soon be more than just an industry about vehicles. However, the current industry landscape is exposed to certain challenges such as…
Read MoreOn a cold November morning in 2012, agents of the U.S. FDA (Food and Drug Administration) paid a surprise visit to ‘Castle Cheese Inc’ - a cheese factory based out in rural Pennsylvania. The company that was till then known for selling 100 percent real parmesan to some of the most renowned…
Read MoreIn the words of Winston Churchill “Responsibility is the Price of Greatness” Firms and businesses have a similar responsibility, as well as commitment towards the social and economic development of their stakeholders, community and the society at large. In fact, the practice of CSR or Corporate Social Responsibility as a…
Read MoreThe Life Sciences or Pharmaceutical industry has been struggling to deal with the challenges related to drug counterfeiting and ineffective supply chain management. Apart from this, it is also combating the high cost of bringing new drugs to the market, along with new standards. As a result, preventing theft, counterfeiting…
Read More© 2018 Sofocle Technologies (OPC) Pvt Ltd.
1st Prize for sofoCap in the category 'Supply Chain Finance Challenge; at 'Blockchain Busines Conference, Vizag - An Initiative by Government of Andhra Pradesh.
READ MORE