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Capital Markets SIG meeting next Wednesday at 9 am
Please note the 9 am. EDT time, it is an hour earlier than our usual scheduled time.
Hyperledger Capital Markets SIG presents
Ashish Anand on Warehouse Receipt Finance
Ashish is the CEO of Whrrl
Whrrl won awards from DBS Bank, ETHDenver, Binance and others.
Warehouse Receipt (WHR) Lending is a system of financing working capital to Farmers, Commodity Traders and Producer Companies against commodities deposited in warehouses and pledged with the lenders.
Whrrl is a B2B2C Blockchain PaaS startup working in the area of Warehouse Receipt Finance that helps Farmers, Traders & Producer Companies raise working capital to cover crop cycles ranging from 6-12 Months.
Whrrl collects data from warehouses with the help of IoT devices and puts that data on Blockchain creating an immutable record of Collateral and its attributes like Ownership, Quality and Location. This helps lenders make informed decisions, cuts the role of intermediaries and reduces the risk of fraud. This also helps scale a marketplace, reducing cost for farmers and reducing collateral risk for lenders.
When: July 28, 2021 9:00 am EDT (13:00 UTC)
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