Shopxing's ecosystem is designed to increase international trade. Letters of Credit (L/Cs) are the payment method allowed during an alternative trade deal on our platform. By increasing the volume of international trade we thereby increase the number of L/Cs requested for issuance enhanching new global business opportunities.
Shopxing's digital ecosystem is designed with the exporter in mind. Shopxing uses artifical intelligence, big data and machine learning to attract buyers to your trade deals.
Importing good across borders come with many challeges. Shopxing integrates with many platforms from shipping to Customs & Border Protection Single Window Systems to streamline the entire process with reduced cost & friction and added assurance & protection.
Regardless if you provide air, sea, land or rail shipping services, partnering with us can enhance your sales opportunities. We provide exporters & importers with your real-time quotes from your platform or ours and leverage blockchain and other distributed ledger technologies as a single source of truth to elimninate friction.
Many governments have created Single Window Systems to streamline the export/import process. We are platform agnostic and integrate with all made available. There is benefit in knowing that trade restrictions, embargoes and tariffs are automatically embedded into our system & portrayed to the potential exporter & importer prior to transaction to streamline international trade deals. We leverage blockchain and other distributed ledger technologies as a single source of truth to elimninate friction.
In Barter, the goods and/or services are exchanged with other goods and/or services of equal value, where little or no money is paid by the buyer. This is the only trade activity with no money involved. Barter involves a single contract that covers both transaction flows.
Browse active B2B barter deals
Under the buyback agreement, the seller supplies plant, equipment or technology and agrees to buy goods produced with that plant, or equipment as payment.
Typically, the Buyback deals are of much longer term and also of larger amounts. The seller of equipment can receive a part of the payment in the shape of products produced by that equipment and the remaining amount in the shape of cash.
Browse active B2B buyback deals
This type of trading is between two or more than two countries in the shape of an agreement, under which agreed volume of goods are imported and exported over a specific time period without the payment of foreign currencies. At the end of the agreed time period, the balance is settled in an agreed foreign currency for example US Dollars.
Browse active B2B Clearing Arrangement deals
General Motors Corporation sold $ 12 million worth of locomotive and diesel engines to Yugoslavia and took cash and $4 million in Yugoslavian cutting tools as payment.
McDonnell Douglas agreed to a compensation deal with Thailand for eight top of the range F /A – 18 strike aircraft. Thailand agreed to pay $578 million of the total cost in cash, and McDonnell Douglas agreed to accept $93 million in a mixed bag of goods including Thai rubber, ceramics, furniture, frozen chicken and canned fruit.
Browse active B2B Compensation trade deals
In counter purchase agreement seller receives the full amount in cash, but agrees to spend an equal amount of money in that country within a given time. In contrast to bartering, both parties pay for their purchases in cash but agree to fulfill their counter commitments. At the same time, transactions do not become part of a single contract, but are entered into two different contracts. Counter purchase is also called “Parallel Trading” or “Parallel Barter”.
Offset is the type of countertrade, which is mostly related to very high value of exports and/or medium to high technology capital goods supplied by a multinational corporations or a major manufacturer. It may be in many forms such as coproduction, license production, subcontractor production, technology transfer, overseas investment, research and development, technical assistance and training, or patent agreements etc.
In a typical switch trade transaction a switch dealer or trader is involved. If we again take the above example, the switch dealer will pay the Polish exporter in hard currency less the switch dealer’s fee (dis-agio). The switch trader will find a German company, which will buy processed food from Greece importer and pay the switch trader in Euros. The following diagram will make the example clearer.
Browse active Switch-trading trade deals
In tolling, the seller supplies raw material and receives finished goods produced from this raw material as payment from the buyer. Here also the seller can receive the payment partially in finished goods and partially in cash. Typically, the tolling is more popular among the industries, where the finished good is also commodity. For example: crude oil converted to petroleum products.
Browse active Tolling trade deals
AliasID™ is your personalized name, phrase & address distributed across the global Alias Identity Name Service that we've built. Because we primarily use blockchain & other distributed ledger technologies, your AliasID™ performs as the single identity used across all other blockchains from cryptocurrency like bitcoin and ethereum to supply-chain blockchain and others.
Availale now in private beta!
Email: partner@shopxing.com to signup.
The trend by government globally is to implement Single Window Systems to make the process of exporting and importing goods more efficient at reduced costs. Shopxing's ecosystem is designed with this in mind and has the ability to interact with every platform's API.
Availale now in private beta!
Email: partner@shopxing.com to signup.
Availale now in private beta!
Email: partner@shopxing.com to signup.
Businesses seeking to trade internationally face many issues. We've gather research from active and asipiring businesses. Our marketplace addresses ALL of the common concerns.
Availale now in private beta!
Email: partner@shopxing.com to signup.
Artificially Intelligent Smart Contracts created on the fly in real-time control the entire transaction flow from procurement to fulfillment.
Availale now in private beta!
Email: partner@shopxing.com to signup.
Our process is designed to minimize conflict. In the event of a dispute, the petitioner can rest assured that because the system has access to immutable data, the right decision will be made everytime.
Availale now in private beta!
Email: partner@shopxing.com to signup.
Managed by a team of leading experts in global trade, ecommerce, trade finance, sidechain/distributed ledger technology & AI; SHOPXING has the strong foundation to be the driving force in the market.
CEO & Lead Blockchain
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CTO & Senior Developer
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Community Management
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Blochain App Developer
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Board Advisor
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Board Advisor
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Board Advisor
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Open Positions: Chief Compliance Officer (CCO) | Chief Security Officer (CSO)
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