InsightsResponding to COVID-19 with Blockchain Enabled Payables Finance

22.04.2020| Resources

On April 30th, members from Marco Polo, Mastercard and R3 will be joining the 101 Blockchains Think Tank Webinar Series to discuss how we will be responding to the current global crisis using blockchain to create a suitable supply chain finance program for SMEs to avail of credit.

Webinar: Blockchain Finance

This webinar investigates the effect of the pandemic with the largest impact felt by small and medium-sized enterprises (SMEs). Making things worse is the fact that many lenders now view entire sectors of the economy as off-limits as far as providing business loans and working capital due to the fact that businesses affected by the Coronavirus may be incapable of bringing in enough revenue to be able to payback their loans.

In the second part of the webinar, the speakers will explain the benefits of Accounts Payable Finance, also referred to as Supply Chain Finance or Reverse Factoring.

Although Accounts Payable Finance helps buyers and suppliers optimize their working capital and improve liquidity existing solutions are not easily scalable and are focusing mainly only on just a few large strategic supplier organizations with substantial trade volumes, leaving the substantial number of SMEs with no access to financing.

In the third part of the webinar, the Payables Finance Module of the Marco Polo Network leveraging blockchain technology is being presented. The Marco Polo Network with over 30 of the leading trade finance financial institutions focuses specifically on supporting the tail-end SME suppliers with various structures to provide working capital finance and responding to the key requirements of the current market environments.

Download the presentation here