In a single trade transaction, an African entrepreneur is likely to fill 96 documents, all on paper. Imagine how much paper is sourced to support trade transactions taking place every day? Not only are paper-based legacy systems unsustainable and expensive, they are also slow, error prone, inefficient and based on re-keying information into siloed systems.
TLIP uses blockchain and is an innovation fronted by TMEA to solve these problems and automate trade transactions. This will reduce the use of paper, increase security and efficiency by minimizing the waste from delayed shipments, which is especially relevant for highly perishable agricultural produce. Increasing the overall efficiency of supply chains will save time and minimise the carbon footprint from logistical delays. Tracing farm inputs, labour and logistics becomes possible.