Blockchain Powered Loan against Warehouse Receipt

Universal Reach : Global Leadership

IoT enabled Automated & Real Time Collateral Monitoring

tick-1 1500 Warehouses tick-2 2 Million MT Capacity tick-3 5 Lenders tick-4 $650M+ Commodities Tokenized tick-5 $12 Million in Online Loans tick-1 1500 Warehouses tick-2 2 Million MT Capacity tick-3 5 Lenders tick-4 $650M+ Commodities Tokenized tick-5 $12 Million in Online Loans
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Monetise assets lying idle in the Warehouse

Loan against Warehouse Receipts by Whrrl - Blockchain with Social Impact

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Sustainable Livelihood - Harvesting to Sowing

Freedom from selling the crop at the lowest price.

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Loan against any commodity lying in Warehouse

Be it Grains, Pulses, Spices or Metals.

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Social Impact Lending on Blockchain
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Instant Approval
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No Guarantors
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Low Interest Rates
tick-1 1500 Warehouses tick-2 2 Million MT Capacity tick-3 5 Lenders tick-4 $650M+ Commodities Tokenized tick-5 $12 Million in Online Loans tick-1 1500 Warehouses tick-2 2 Million MT Capacity tick-3 5 Lenders tick-4 $650M+ Commodities Tokenized tick-5 $12 Million in Online Loans

Whrrl is a B2B2C Blockchain PaaS startup working in the arena of Warehouse Receipt Finance that helps Farmers, Traders & Producer Companies in raising working capital to tide over lengthy crop cycles ranging from 6-12 Months.

How WHR Lending Works

Warehouse Receipt (WHR) Lending is one of the most innovative and oldest lending product, been in vogue since Mesopotamian times. It's a system of financing working capital to Farmers, Commodity Traders and Producer Companies against their commodity stock deposited in warehouses and pledged with the lenders.
 

Features of Whrrl's WHR Lending Platform

The uniqueness of Whrrl's products comes from combining benefits of IoT with Blockchain and Smart Contracts. Some of the unique features are:

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Blockchain Powered

Frauds like Multiple Lending & Fake Receipts have plagued this sector for long . By creating an immutable database of Collateral's ownership, Blockchain helps in eliminating instances of fraud.

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Real Time Monitoring

Currently the lenders are dependent upon Collateral Management Agencies for reporting on continuous existence and monitoring of collateral quality which carries risk of collusion driven fraud. Our IoT led approach shall monitor Collateral for weight, movement, quality, etc. on a realtime basis thereby reducing dependence on manual inputs.

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Smart Contract Enabled

The Smart Contract enabled lending platform automatically executes certain transactions if certain conditions are met. Some examples can be Automated Approval, System Driven Margin Calls, Charge Creation/Vacation, Loan Transfer among others.

Benefits of Whrrl's Blockchain Powered WHR Lending Platform

Example
 

Increase in Farmer's Income by 25-300%

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Fraud Reduction

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Exchange Tradable Tokenised & Warehouse Receipts

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Operational Efficiency through IoT & Smart Contracts 

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Credit Score for Farmers

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Monetisation of Assets by Farmers / Producer Companies

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