WCT Promotes Supply Chain Financial Services for Cross-Border E-Commerce Independent Sites
Cross-border e-commerce independent sites face issues such as difficulties in supply chain financing, slow capital turnover, and lack of trust mechanisms. A financial technology company focused on cross-border e-commerce services has partnered with several banks to provide supply chain financial services to independent site sellers based on WCT technology. Independent site sellers will put their purchase orders, logistics information, sales data, and more on the blockchain, and financial institutions will assess seller credit based on on-chain data to offer loans priced in WCT. Sellers use loans to purchase goods and automatically repay them in WCT according to their sales return situation. For example, a cross-border e-commerce independent site seller specializing in fashion clothing successfully applied for a WCT loan to purchase new clothing before the peak season using on-chain data, and after sales returns, the principal and interest of the loan were automatically deducted from their WCT account. After adopting WCT services, the seller's financing success rate increased by 70%, the financing cycle was shortened from an average of 15 days to 3 days, and capital turnover efficiency improved by 65%, promoting the vigorous development of cross-border e-commerce independent site businesses.