Enabling Malaysian SMEs with a secure blockchain-based digital platform for affordable and safer global trading  

PENANG, Nov 30 (Bernama) --  Cargodian has officially entered Malaysia as part of its worldwide expansion plan to disrupt the global B2B supply chain financing market. The Cargodian online platform is a unique blockchain-based B2B platform that acts as a crosstrader in the sale chain between businesses, providing event-based conditional payments as well as the guardian of the cargo and the payment for both buyer and seller. The platform enables Malaysian SMEs to forgo cost-prohibitive and cumbersome exercises such as securing Letters of Credit from banks. 

The platform’s primary objective is to make global B2B trading accessible to more SMEs by offering an all-digital easy-to-use platform that is transparent, saves cost and time, flexible and incredibly safe. Cargodian is inspired by the ‘Malaysia Boleh’ spirit and hopes to see more Malaysian SMEs growing their sales globally by taking advantage of its user-friendly platform.

“We have set out to democratize trade finance and remove the obstacles for SMEs to go global. Customers benefit from our years of experience in digital payment solutions which has allowed us to build a platform that is easy-to-use, affordable, and secure. With our platform, buyers can be sure to receive only the goods that they are paying for, and sellers will be able to track and receive the full payment promptly upon delivery”, said Klaus Burkart, Co-Founder and Chief Operating Officer of Cargodian GmbH.

Daniel Bernbeck, Chief Executive Officer of Malaysian-German Chamber of Commerce & Industry (MGCC) added, “Cargodian’s unique platform has every element of being a gamechanger to the trade finance industry and we are very thrilled to have them setting up their operation here in Malaysia. Their solution makes it so much more accessible for companies in Malaysia to do business with Europe.”

Cargodian utilizes DLT Hyperledger Fabric Technology to ensure a tamper-proof level of security for sharing trade data and documents. Currently based in Penang with the headquarters in Germany, Cargodian has established its presence in Southeast Asia with Malaysia as a starting point before expanding further within the region.

To request a live demo of the platform, please contact Noor Yasmin, Senior Sales & Business Development Manager of Cargodian at +6013 576 4838 or email noor.bahrudin@cargodian.com. For more info on Cargodian, kindly visit www.cargodian.com.  

About Cargodian

Cargodian reinvents the global trade finance market and revolutionises conventional processes which require bank licenses to handle customers’ money. Instead, Cargodian steps into the trade and extends the sale chain as guardian of the cargo and payment. As a single company with subsidiaries, Cargodian operates all over the world, transforming and enabling worldwide customers to digitalise business by themselves through Cargodian Trade.

Source: Malaysian-German Chamber of Commerce & Industry (MGCC)

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Luq Harith Manager
Communications & PR
Malaysian-German Chamber of Commerce & Industry (MGCC)
Tel: +6016 238 4457
Email: luq.harith@malaysia.ahk.de 

--BERNAMA