ORJON: South East Asia’s First Blockchain Based Digital Supply Chain Finance Platform
ORJON is a Digital Supply Chain Finance Platform developed by IPDC Finance PLC. (IPDC) using blockchain technology in partnership with IBM. It is designed and implemented by IPDC for promotion of financial inclusion of MSMEs by providing easy access to collateral free, low-cost credit in the form of Supply Chain Finance in collaboration with corporate bodies through creating an ecosystem for end-to-end supply chain management. This innovative platform was developed with financial assistance from DFID (Department of International Development, UK) under Business Finance for the Poor in Bangladesh (BFP-B) program
Supply Chain Financing (SCF) execution involves a lot of manual process that includes collection of bill/invoices, lifting orders, work orders etc. verification and authentication of the same and ensuring collection of repayments. Often, SCF are of high cost, inappropriately structured, complex in process and does not adequately support the growth aspiration on MSMEs. It requires significant operational resources of the financing Banks/FIs to effectively mitigate the operational risk involved in the process resulting in slow penetration in Bangladesh market in absence of a digital ecosystem.
ORJON is in the verge of creating a revolution by development of an eco-system than not only will ensure financial inclusion but also will make a secured, transparent, reliable marketplace and create collaboration of all the value chains connecting all the dots required for efficient, optimized, sustainable economic growth.
Key Features:
- Transparency since blockchain inclines shared public ledger
- Security
- Efficiency with Real Time Authentication
- Decreased Operational Cost
Companies Onboard:
- BSRM Group
- Bangladesh Lamps
- ACI Godrej Agrovet Pvt. Limited
- IMAGES Group
- Sajeeb Group