Today supply chain startup Eximchain launched its main blockchain network. The company avoided the ICO process and in March privately
raised $20 million from Asian investors. But the platform is nonetheless token driven. Eximchain’s roots are in Boston at MIT’s Media Lab where CEO Hope Liu completed her MBA. However, its legal base is in Singapore.
A portion of tokens was airdropped to early contributors. Along with the rest of the market, the capitalisation has declined significantly and is currently below $9 million.
When
Eximchain was first announced, its whitepaper focused on supply chain finance for SMEs. The International Finance Corporation (IFC) estimates that SMEs in developing countries face a $2 trillion financing gap. However, the platform has two other targets: sourcing suppliers and logistics/inventory management.
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