eCOM, Oneport, & Velotrade Host “Ez-Fi” Trade Finance Facilitation Platform Webinar to the Hong Kong SME Trader Community

November 25, 2021 – eCOM (Asia) Limited, Oneport Limited, and Velotrade Management Limited host a webinar to promote the Easy Trade Finance Program through its “Ez-Fi” Trade Finance portal.

The Ez-Fi Portal is a joint initiative between eCOM, Oneport, and Velotrade in providing trade finance facilitation for the Hong Kong ocean terminal community. With the consent of trucking companies, freight forwarders, and cargo owners of the ocean terminal community, Ez-Fi leverages their corresponding trade and logistics data to extend a “Pre-approved Credit Line”. Should companies accept the pre-approved credit line, a simple application process will be conducted and companies will obtain their official credit line without any collateral in a timely manner.

Ez-Fi Portal is a joint Initiative among eCOM, Oneport, and Velotrade

Ez-Fi utilizes the eCOM Registry and eCOM Data Catalog for trade finance facilitation. The eCOM registry is a blockchain-based Trusted Data Network for Trade Finance facilitation. It provides secure access to Trade and Logistics as well as Historical and Transactional data from multiple data sources. This is achieved whilst controlling data identity and ownership by utilizing distributed data sources with distributed access control over a distributed ledger network. There are over 19,000 organizations enabled on the eCOM Registry network with over 11 million shared trade documents (data transactions).

 

The eCOM Data Catalogue is an API-Led Data Fabric which provides data aggregation and data-matching from multiple trusted data sources, accessed with the consent of the data owners. This allows eCOM to transform historical and real-time transactional data into data assets that can be extracted to analytical reports. Data owners can then use these as the basis of their Trade Finance applications, which in turn reduces the application lead-time by replacing traditional collateral requirements.

 

About Oneport

Oneport Limited – is a joint venture port community service company between Hongkong International Terminals Limited (HIT), Modern Terminals Limited (MTL), and COSCO-HIT Terminals (Hong Kong) Limited (CHT). OnePort has been serving the port community by providing electronic services tailored to operational needs. OnePort facilitates collaboration of various groups of port users by connecting them and helping them modify their complex operations processes. OnePort supports a substantial number of registered customers including all Hong Kong container terminals, over 100 shipping lines, 24,000 shippers & freight forwarders, over 4,000 trucking companies and about 300 barge operators. These hard-working customers lay a solid foundation for future development of the Hong Kong logistics industry.

 

About Velotrade

Velotrade Management Limited - is a digital trade finance platform used by global businesses to support their capital needs. In 2018, Velotrade completed the very first of its kind RMB cross-border regulated trade financing transaction. In 2020, Velotrade has been selected by MUFG Bank to provide the fintech solution for internal trade service enhancement.Awarded by the Hong Kong Monetary Authority and regulated by the Securities & Futures Commission of Hong Kong, Velotrade is currently active across regions, including Greater China, Vietnam, and Europe.

Ryan FongeCOM, eCOM Registry, Oneport Limited, Oneport, Velotrade, Trade Finance, Trade Finance Facilitation, Hong Kong, Ocean Terminal, Ez-Fi, Trade Credit