3.6. Geri Dönülemez Akıllı Sözleşme

The Irrevocable Smart Contract is targeted at sellers who have established a significant level of trust within the Coimex platform. These are sellers who have been active members for at least a year, have completed a minimum number of transactions (such as three), and have demonstrated reliability and integrity in their dealings. These sellers must be at least at the SCALE membership level in Coimex or upgrade to it to avail of this service.

The Irrevocable Smart Contract is an innovative feature in Coimex's ecosystem, designed to enhance trust and expedite transactions for highly credible sellers. This feature is particularly useful for transactions where sellers are deemed highly trustworthy based on their history and engagement within the Coimex community.

Here is an example scenario:

Let’s consider a Kenyan distributor who is a long-standing member of Coimex and has a proven track record of successful transactions. This distributor wants to engage in a trade where the payment terms are demanding, such as 100% payment upon arrival of goods or open account terms. Using the Irrevocable Smart Contract, as soon as the distributor uploads the necessary export documents to the blockchain (even before the goods reach the buyer), Coimex releases the payment to the distributor, minus a commission fee.

• Immediate Payment upon Document Upload: This system allows trusted sellers to receive payment immediately after uploading the required trade documents, without waiting for the physical delivery of goods.

• Commission Structure: A commission, potentially ranging from 5–10% of the transaction value, is charged for this service. This fee reflects the additional risk Coimex undertakes by advancing payment.

• Eligibility Criteria: To qualify for this service, sellers must meet stringent criteria, including a solid history of transactions and a high membership status within Coimex.

• Benefits for Sellers: This service is particularly beneficial for trades with challenging payment terms. It allows sellers to receive payments promptly, thereby improving their cash flow and reducing financial stress.

• Financing Aspect: Questions about financing the advance payments, setting limits on the number of transactions, and additional requirements for buyers (such as membership level or deposit requirements) would need to be addressed.

• Customizable and Flexible: The Irrevocable Smart Contract can cater to various trade scenarios, adaptable to different types of goods and transaction sizes.

The Irrevocable Smart Contract represents a significant step forward in Coimex's efforts to innovate in foreign trade. By providing immediate financial support to trusted sellers, Coimex aims to enhance the efficiency and reliability of international trade transactions within its community.