Overview

Pioneering a scalable, public blockchain with privacy for enterprise supply chain applications. 

Project stage

Only a whitepaper

Detailed description

Eximchain project was kicked off in 2015 at MIT (Massachusetts Institute of Technology) by a team with decades of academic and industry experience in computer science, banking and global supply chain across the world.

Our vision is to use blockchain technology to bring the global supply chain into the digital era and lower financing barriers for SMEs. The project has received valuable mentorship and guidance from the MIT Media Lab Digital Currency Initiative, MIT Center for Transportation and Logistics, and Plug And Play Fintech Accelerator.

The project was chosen as the Grand Champion of the 2016 Boston Seagull EntrepreneurshipContest, the Engine of Innovation Prize of the 2016 Rice Business Plan Competition, and a Finalist of the 2017 >MIT $100K Business Plan Competition Accelerate.

Problem

Shareholders lost over $5.2 trillion in potential revenue last year due to the lack of transparency, connectivity, and agility in the global supply chain. The technology to correct these inefficiencies exists but remains unavailable to the vast majority of companies engaged in logistics and global trade

Solution

Eximchain envisions a global supply chain where

  • Buyers can easily verify supplier reliability and reputation 
  • Suppliers have access to the credit they need to fulfill orders 
  • Partners share demand and inventory information across a common ledger 
  • Companies can visualize their entire supply chains, build rules-based applications, and monetize their solutions

Features

Supply Chain Finance
Eximchain Smart Contracts allow banks to verify the validity of orders placed with all upstream partners and suppliers and provide the necessary financing.

Sourcing
Eximchain Smart Contracts securely record historical data and transactions allowing suppliers to prove their reliability to buyers and rating institutions.

Inventory Management
Eximchain tools enable partners to seamlessly share demand and inventory information across a common ledger.

Eximchain SDK
The EXIMCHAIN SDK enables companies to quickly build customized, end-to- end, supply chain applications with data privacy.

Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : EXC
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 20,000,000 USD
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :150,000,000 EXC
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :60,000,000 EXC
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Closed
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :China, USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Token Distribution

        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Public sale — Ended
      Start Soon
      End 13 Feb 00:00 UTC
      0.33 USD No - Uncapped 20,000,000 USD
      • Team

        • Hope Liu photo
          Hope Liu
          Co-Founder & CEO
        • Juan Sebastian Huertas photo
          Juan Sebastian Huertas
          Co-Founder & CTO
        • Jian Xu photo
          Jian Xu
          Business Architect
        • Jia Zhang photo
          Jia Zhang
          Business Analyst
        • Louis Lamia photo
          Louis Lamia
          Director of Engineering
        • Douglas Sanchez photo
          Douglas Sanchez
          Director of Product
        • Fransheska Colon photo
          Fransheska Colon
          Lead App Developer
        • Andrew Koh photo
          Andrew Koh
          Lead Solidity Developer
        • Yuree Hong photo
          Yuree Hong
          Marketing Lead
        • Chris Bubnov photo
          Chris Bubnov
          Lead UI/UX Designer
      • Advisors

        • Ramble Lan
          CEO of SwftCoin
        • Tiger Zhong
          CEO of Trade Manager
        • Catherine Dai
          Founder of BoaoTech
        • Daniel He Wang
          Dir. Investment at Geely Group
        • Manmeet Singh
          Managing Partner of Blockseed Venture
        • William Peckham
          Managing Partner at Proteus Growth
        • Can Kisagun
          Co-founder of Enigma
        • Peter Missine
          Strategy Consultant

      Roadmap

      • Q3-Q4 2017

        Signed letter of intents from 9 companies including SMEs, a listed company in China and a cross-border e-commerce platform.

        A Strategic Cooperation Agreement with Guiyang Hightech Industrial Development Zone Management Commission and Guiyang Big Data Development and management Commission, China.

      • Q4 2017 - Q1 2018
        Current Stage
        • Governance hardening
        • First POC in Supply Chain Sourcing
        • Large scale network testing
        • Token Generation Event

        In the next few months, Eximchain will launch several testnets and onboard SMEs to execute smart contract based solutions through the network.

      • Q2-Q3 2018
        Release 2.0
        • Native Token Swap
        • Mainnet Launch<
        • First Governance Cycle
        • Second POC in Supply Chain Financing or Inventory/Logistics Management
        • First SDK Release
      • Q4 2018 - Q1 2019
        Release 3.0
        • Second SDK release
        • Second Governance Cycle
        • Third POC in Supply Chain Financing or Inventory/Logistics Management

        Over the next 15-18 months, our platform will enable participants in global supply chain to launch their own supply chain management tools or digital tokens on our blockchain using our smart contract SDK.

      Activity