Remechain

Remechain is the world’s first decentralized, secondary metal marketplace poised to set new global standards and unification of all market participants. The platform aims to solve the inherent problems of the $100 billion secondary metals market through blockchain technology and smart contracts. Remechain directly connects buyers to sellers, eliminating the barriers to entry and establishing an hitherto new levels of accountability and transparency to the market.

The platform offers the following unique features:

• Counterparty Search and Reputation based on geographic location, transactional data, peer review and feedback.
• Storage and retrieval of all market data including market participants and their identity, location, volume of goods, types of goods, and their prices.
• Simplified entry into the global scrap market industry which has been boiled down to a simple sign-up data form.
• Risk and fraud protection based on smart contracts that reserves the buyer’s funds and automatically makes payments to the seller only when the parties have fulfilled their obligations. In the event of default by the seller, the fund is returned to the buyer.