Let the Blockchain be your Escrow

Removing the need for banks as an intermediary in the international trade

Supported by/partnered with

Supported by/
partnered with

The current Escrow process for import and export is broken

Banks who are supposed to help traders make good and riskless deals have created processes and practices that do the exact opposite:
Read more on this topic in our whitepaper

Not only do these various paper intensive processes increase coordination and administrative costs, they are also prone to errors, losses and fraud. *

* World Trade Organization report: Can Blockchain revolutionize international trade?

Bric replaces banks with blockchain, simultaneously fixing all that is broken

Bric removes the need for complicated paperwork on each deal, allowing merchants to close deals in fraction of the time and without any risk.

Bric removes the high fees charged by the banks.

Bric democratizes the escrow process allowing small merchants and customers without an account in big bank to participate in the international trade.

Bric also helps exporters to avoid LC scams and acts as an unbiased mediator when disputes arise.

Before - Typical Process

  1. Parties craft a contract.
  2. Importer submits LC application to his bank.
  3. It takes 5-10 business day for a bank to actually issue the LC to exporter’s bank.
  4. LC advised to exporter.
  5. Goods are dispatched.
  6. Exporter is required to send more documents to his bank.
  7. Banks exchange some more documents.
  8. Documents released to importer.
  9. Importer sends money to his bank.
  10. Bank takes heavy fees of up to 10%(!).
  11. SWIFT (if used) takes up to 5% in fees.
  12. Exporter’s bank takes up to 10% in fees.
  13. The exporter gets paid.

After – Bankless Escrow

  1. Parties craft a contract.
  2. Importer locks the payment on Blockchain
  3. Goods are dispatched.
  4. Goods received.
  5. The exporter gets paid.
px-1 px-2

Long Term Vision – Naked Trade Platform

Oversee the whole trade journey from discovery to receiving the product

By connecting our escrow service to 3rd parties databases we aim to provide importers and exporters with unparalleled tracking and control capabilities. From the moment of departure to the moment of arrival.

By using a network of cameras and sensors we will create full real-time transparency over the state of goods in transit and their exact location.

Sneak preview of the platform

A platform where you can both discover the most trusted importers/exporters, and manage the trade process end-to-end

Exporter’s store front

Initial target market – 4 of the biggest and fastest-developing global superpowers

Total global trade has hit the record high of $28.5 trillion in 2021. This is an increase of 25% on 2020 and 13% higher compared to 2019, before the COVID-19 pandemic struck.

The main reason for this growth are countries from the developing world. Exports of developing countries were about 30% higher than during the same period in 2020, compared with 15% for wealthier nations.
Countries that are responsible for a major chunk of this growth are BRIC countries: Brazil (B), Russia (R), India (I) and China (!). Bric’s initial focus will be on the growing middle-tier of merchants from BRIC countries.

Read more about our focus on BRIC market in the whitepaper

As secure as only blockchain can be

There is only one technology that is truly safe and protected: the blockchain itself.

While in escrow, all our users’ funds will be locked in the safety of smart contracts on Binance BNB Chain (A community-driven, open-sourced and decentralized ecosystem based on Binance Chain and Binance Smart Chain (BSC)).

Bric will have no access to funds, besides being able to cancel transactions in case disputes arise and escalate.

* The initial version of Bankless Escrow was developed on Tron network. The transition to BNB Chain will be completed by the end of April 2022.
* The open-source code data of the planform has successfully went through security audit, and the code is publicly available on GitHub Platform.

Unbiased Resolution Center

The only time importer or exporter actually want intermediaries is when they are in a dispute. This is exactly when banks prefer to abandon their role as an intermediary and leave the resolution to long and costly legal actions.

Bric does the opposite by providing top level dispute-resolution services for free. Our team of top level experts in BRIC area trade and jurisdiction, will analyze every dispute and solve it within 5 working days.

Roadmap

Jun. 2021
Established.
Oct. 2021
Deployment of Smart Contract.
Dec. 2021
Initial whitepaper release. Pre public sale.
Jan. 2022
IEO Launch on Indoex exchange. See whitepaper for explanation about IEO advantages.
Feb. 2022
Launching marketing activities. Sponsoring major international boxing event in Dubai.
Mar. 2022
Roadshow for partners and investors in Dubai. Licensing the company in Mauritius.
Apr. 2022
Organizing Blockchain for Global Trade event in London UK.
May 2022
Listing Bric Coin on xHotbit, BitMart and LaToken exchanges.
Jul. 2022
Private Betta launch of platform’s web version.
Aug. 2022
Onboarding XXX companies to the platform via Alibaba™ api.
Sep. 2022
Accepting existing investment requests by major partners.
Oct. 2022
Public launch of Bric app and platform. Large event in Dubai. Launching global advertising campaign.
Nov. 2022
Listing Bric Coin on two top 5 crypto exchanges.
Dec. 2022
Donec ullamcorper nulla non metus auctor fringilla.
Jan. 2023
Launching own blockchain on mainnet transforming Bric Token into Bric Coin
Jan. 2024
Launching the second step of our vision: Transparent Trade Platform

Token and tokenomics

Bric Coin (BRIC) will act as a utility token to receive services on Bric platform. The initial format of Bric Coin is a TRC20 token, to be swapped to BEP20 token prior to the Indoex exchange listings it on April 2022.

The total supply of Bric Coin is 3,170,000,000 (same as the number of
citizens in BRIC countries).

Unsold tokens from private and public sale will be burnt.

Listings

Scheduled
(April-May 2022)

In the works
(expected on May 2022)

End-year Goal

Two top 5
exchanges

Bric Coin is available on the
most trusted and secure wallets

How people react to BRIC coin

Our customers and partners