We explore innovative solutions
to build trust and transparency
Innovative platform for routing and traceability of funds
How many business opportunities get missed because of lack of trust and transparency?
Historically, principal-agent agreements were subject to moral and counterparty risk of non-compliance with agreed terms. BM-Trusck significantly reduces that uncertainty by providing real-time traceability of funds.
Principal-Agent problem
The principal-agent problem refers to situations where one entity or person, the “agent”, has the ability to affect the situation of a third party, the “principal”, by making decisions that concern both.
For financial processes there is a risk, moral hazard, which corresponds to opportunistic behaviour where one party seeks its own benefit at the expense of the other party not being able to observe or be informed of its conduct. Moral hazard appears in markets with asymmetric information.
Costs related to information asymmetry
BM-Trusck Funds routing and traceability system
BM-Trusck is based on blockchain technology and escrow accounts that channels through digital pipelines the funds the principal transfers to the agent and those the agent transfers to suppliers of goods and services. The system uses stable cryptocurrencies that can be directed to predefined accounts. This ensures that the use of the funds will have the destination agreed between the parties without the need to incur the aforementioned costs.
Advantages
Investor, Donor and Lender
Developer and Agent
Use Cases
Escrow services are useful in different scenarios where money or goods are transferred between parties.
