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Factorin, a Blockchain-based Trade Finance Platform Processes 10,000th Transaction in Russia

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Factorin, a blockchain-based trade finance platform serving small and medium-sized businesses, has completed 10,000 transactions during its nine months of beta testing. Factorin is a fast growing and revenue generating business that seeks to partly address the estimated $45 billion gap of trade finance for small- and medium-sized businesses in Russia, according to company’s estimations.

A large Russian retailer with revenue exceeding $5B and twelve financial institutions, including banks and factoring companies, signed on to the platform. All of the pilot corporate participants are embedding Factorin into their business processes after the company launches its platform for commercial use in the second quarter this year. As of now, Factorin has opened on-boarding for SMEs, thus making them fully ready for the new digitized process of legally-binding documents exchange.

The company uses blockchain technology to automate and improve trade finance transactions, making them faster, more transparent and more secure for all of the parties involved. Using their own node connected to the platform, large buyers interact with all of the factoring companies in one place. Banks also benefit as the possibility of fraud is greatly reduced. Suppliers enjoy faster transaction time, as they get access to financing within one day of applying via the Factorin platform.

Factorin instantly creates all of the necessary documents and encrypts transaction details for greater security. Buyers and financial companies, which have connected their nodes to Factorin, manage the process through a straightforward web interface. Suppliers can also use the web interface or a mobile application.

Andrei Maklin, Co-Founder and CEO of Factorin, commented:

Factorin allows businesses to interact in a unified digital space, enabling their systems to instantly and securely exchange data with one another. This helps all the parties involved to lower their costs and transaction time, cut out the risks related to human error. I strongly believe that technology is the future of trade finance, which should unlock financing for countless small and medium-sized businesses, that are currently underserved by the market. As a next step we’re planning to expand geographically with our European partners as well as introduce additional financial instruments to the platform.

More information at https://factorin.io/


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CCELL®

CCELL Launches Environmentally Conscious Eco Star AIO Vaporizer

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SHENZHEN, China, April 15, 2024 /PRNewswire/ — CCELL®, the world’s leading technology brand focused on creating trendsetting vape hardware products and advanced vaporization technology, today announced the launch of the Eco Star, the company’s all-in-one vaporizer focused on sustainability, wide-ranging oil compatibility, and ease of use.

The Eco Star’s casing material is made of biodegradable and plant-based PLA, a material that can be decomposed by bacteria or other living organisms. By adopting this type of eco-friendly casing, CCELL seeks to provide an option that can reduce the cannabis industry’s overall environmental impact and build a more sustainable society.

Built within the casing is a removable and recyclable lithium-ion battery. This thoughtful pull-apart design allows consumers to easily remove the battery before disposing of the casing, empowering them to contribute towards a greener Earth.

The Eco Star also features complete compatibility with all types of cannabis oils, clog-free dual air vents, and an isolated airway that ensures the cleanest possible vapor.

With increasing environmental challenges worldwide and tightening regulations on vape products, the Eco Star was introduced with the intention of raising environmental awareness across the industry.

The company has also implemented other measures to align its practices with its long-standing sustainability-focused values. These include offering biodegradable and plant-based PLA mouthpieces among its customization options. Additionally, the company uses energy-efficient aqueous processing in producing its patented ceramic heating cores to reduce greenhouse gas emissions.

Before the product’s official launch, CCELL provided their customers and consumers with an early look at the Eco Star at TPE24 and Hall of Flowers Ventura in the US, and Spannabis Barcelona in Spain.

Disclaimer for battery disposal: CCELL does not recycle lithium-ion batteries. Battery recycling requirements may vary by country, city, etc. Please contact your local recycling center for more details before disposal.

About CCELL®

CCELL® is a technology brand and global innovator in the portable vaporizer space that revolutionized the industry by introducing the ceramic heating component. CCELL® was born in the headquarters of Shenzhen Smoore Technology Limited, which has more than 10 years of expertise in the vaporization industry. With advanced R&D resources, patented technologies, strong production capabilities, and reliable quality control systems, CCELL® is recognized around the world for its exceptional vaporization technology and top-quality devices.

Learn more about CCELL® at www.ccell.com as well as on LinkedIn, Instagram, Facebook, Twitter, and YouTube.

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Cision View original content:https://www.prnewswire.co.uk/news-releases/ccell-launches-environmentally-conscious-eco-star-aio-vaporizer-302116454.html

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