Published On: Wed, Oct 25th, 2017

Built-in Arbitration System is the Hallmark of Confideal

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Technological innovation has helped fuel the current massive amount of global trade. With a click of a mouse button and an online video conference, trade deals can be hammered out with each participant never even having to leave their own office, much less their own country.
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However, those who regularly traffic in international trade are not yet taking advantage of all that blockchain technology has to offer in the form of smart contracts. Confideal is a blockchain-based, integrated platform for making secure international contracts that aims to help businesses and individuals engage in commerce while saving both money and aggravation. While such a construct is a boon to every businessperson, the hallmark of Confideal is its built-in arbitration system.

Large Volume of Trade Leads to Lots of Disputes
The amount of international trade is staggering and is estimated to be somewhere between $15 and $20 trillion USD per year. Real estate investment across national borders is on a far less scale, but that market is still expected to reach roughly $1.4 billion USD by the end of 2017. These numbers showcase that international deals are made every minute of every day.
With such a high volume of trade, …

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