Atlantic Consolidators Private Limited

In their own words

I am writing to propose the development of an innovative Blockchain-Based Digital Trade Facilitation App, designed to transform the way international trade documentation is managed. By eliminating the need for physical paperwork, our solution will reduce inefficiencies, enhance security, and promote environmental sustainability, aligning with the Government of India’s objectives under the Digital India and Ease of Doing Business initiatives.Overview of the App:Objective:To securely transfer, authenticate, and process trade documentation (e.g., bills of lading, invoices, and customs forms) using blockchain technology.To enable seamless integration with banks, customs departments, and exporters/importers for faster trade execution.Key Features:Paperless Trade: Digital documentation minimizes delays, errors, and environmental costs.Secure Authentication: Blockchain ensures tamper-proof validation of trade documents.Global Compatibility: The platform complies with international trade standards (e.g., ICC eRules).Banking Integration: Facilitates trade financing and payment processing for exporters and importers.Benefits to the Government and the Nation:Improved Efficiency: Faster customs clearance and trade processing, leading to higher trade volumes.Environmental Impact: Reduction of physical documentation by billions of pages annually.Global Competitiveness: Enhancing India's position as a trade-friendly nation by leveraging advanced technology.Revenue Generation: The app can generate revenue by charging a nominal fee per transaction, shared with the government.Request for Support:To develop this app and set up the required infrastructure, we request funding of ₹8.5 crore ($1 million) under the following heads:Technology Development: ₹4 croreInfrastructure Setup: ₹3.5 croreMarketing and Outreach: ₹1 croreWe are committed to collaborating with the government for implementation, and we are open to aligning the platform with government systems such as e-SANCHIT and other initiatives.Potential for Collaboration:We envision this app as a public-private partnership (PPP) model, where the government can:Offer regulatory support and enable integration with customs and trade systems.Collaborate on funding and extend support via Export Promotion Councils and DGFT.Promote the app as India’s official solution for secure and paperless trade documentation.Safety and security of the data:We aim to store all the data here locally at India. If as per our vision international government recognises our efforts and join our mission, we still are committed to store all the data in India only. The magnitude of our idea is to target 10% and cater global trade industry which will be a document transfer solution for papers worth more than $330 billion. We plan to work as a transaction fee of $20 per set of documents. We are looking for the funds to build a team which is expert in blockchain domain which can build a working prototype and set a new benchmark in the startup ecosystem.

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