BRIC : A New Revolution for International Transactions

•INTRODUCTION•

International trade is unavoidable. This is because basically no single country is able to meet all the needs of its own population, so that goods or services between countries cannot be produced domestically due to certain factors.

Quoted from Investopedia, international trade allows countries to expand their markets and access goods and services that may not be available domestically. As a result of international trade the market is becoming more competitive. This ultimately results in more competitive prices and can sell cheaper products to consumers.

MISSION

Provides an easy-to-use platform for international remittances for importers and exporters of BRIC Countries.To be the most trusted financial platform for global remittances worldwide in International Trade, Import & Export.

VISION

To become the most reliable financial platform with the ultimate goal of mass money movement according to all walks of life in the field of exchange,

imports, and products worldwide.

•Export Import•

Quoted from the social studies study material on the website of the Ministry of Education and Culture, international trade is a trade activity carried out by a country with other countries on the basis of a mutual agreement. The activity of selling goods from within the country to abroad is called exporting. On the other hand, the activity of selling goods from abroad to within the country is called imports. In international trade terms, products sold to global markets are called exports, and products purchased from global markets are called imports. Imports and exports are recorded in the balance of payments section of a country. Global trade allows rich countries to use resources such as labor, technology, or capital more efficiently. Meanwhile, other countries may be endowed with abundant natural resources but cannot cultivate them. The more developed a country is, the more efficiently they produce goods. Therefore, in international trade, they may sell it cheaper than other countries. That is one of the principles in international trade.

BRIC Global Ltd is a UK based international services company focused on international trade, import and export in various countries. Looking at the world's financial economy, it is clear that blockchain played a significant role in its success and is getting more and more popular every day. BRIC uses this revolutionary technology to expand today's possibilities in international trade, imports and exports. By looking at the world financial scenario, Blockchain technology plays an important role in the world and is becoming popular day by day. So, we thought of expanding our expertise using this revolutionary technology

BRIC Coin is a TRC20 token backed by international shipping from foreign trade. RIC will be used as escrow for “Buyers” and “Sellers” both parties among Countries B(Brazil), R(Russia), I(India) & C(China). When new buyers and sellers meet through online platforms and if they want to start a business together globally, the first thing that comes up is “Trust”. In addition, "Seller" gets confirmation from his bank that "Buyer" has deposited the amount and his bank will issue funds once the product or service reaches "Seller". Because the seller's bank confirms the Letter of Credit (LC) from the "Buyer". So here the question of trust is void. Now neither party has to worry about payment or product or service security. How to "Trust" each other? So, they contact the local banks of their respective countries that have international exposure. And they start an escrow process called "LC" or "SBLC". Thus, the "Buyer" deposits or pledges funds according to the "Seller" bill to the bank when he receives his product or service. "Buyer" secured here now as the funds will be held in his own bank until, he receives his product or service. However, there are several challenges that must be faced by both parties, namely: has deposited the amount and the bank will issue the funds once the product or service reaches "Seller". Because the seller's bank confirms the Letter of Credit (LC) from the "Buyer". So here the question of trust is void. Now neither party has to worry about payment or product or service security. Because the seller's bank confirms the Letter of Credit (LC) from the "Buyer". So here the question of trust is void. Now neither party has to worry about payment or product or service security. However, there are several challenges that must be faced by both parties, namely:However, there are several challenges that must be faced by both parties, namely: has deposited the amount and the bank will issue the funds once the product or service reaches "Seller".

• Order ticket size

• Minimum number of LC/SBLC

• Total transaction duration

• LC/SBLC Duplication

• High Transaction Fees

• Third party reliability (Agent/Bank)

• Difficult Documentation Process

• Instrument validity (LC/SBLC) So, because of this challenge, international trade, Import & Export has become too complex.

That is why countries cannot achieve excellent economic conditions even though they have excellent production facilities. Here, BRIC Coin comes with a widely accepted and popular Blockchain ecosystem to fill this gap and to eliminate this challenge. What are BRIC Coins? BRIC Coin is a token created in the Tron blockchain ecosystem to facilitate the use of the escrow facility without the presence of a third party. BRIC Coin is a TRC20 token backed by international remittances of BRIC countries (Brazil, Russia, India & China). The token will be used for cross-border transactions between BRICs.

BRIC Coin is backed by Blockchain – which is known to be highly secure and reliable – filling gaps and eliminating challenges. BRIC Coin is a token created on the Tron blockchain ecosystem, allowing us to provide facilities for the use of escrow without the presence of a third party. BRIC Coin is a TRC20 token backed by international remittances from foreign trade. BRIC Coin was founded to eliminate complicated bills, documentation, customs, excise duties, import duties, etc. BRIC can be used as escrow for “Buyers” and “Sellers” in B(Brazil), R(Russia), I(India ) , & C(China)

kenomics

BRIC coin token name

BRICS Picture

Blockchain Blockchain Tron

Tpp9uVWBwdpotzsTx8kHz6LGUtCExXyzHq
Contact Address

2
Decimal

3.170.000.000 BRIC
All Supply
. . .

Application

Buyers and vendors also get every opportunity to succeed at this stage of arrival to exchange. We present rudimentary stages to exchange for using truck coins. Similarly, when registration is completed from two places, money related units get every opportunity to be converted by the sender or buyer into truck coins of neighboring general trade. A person is closed with 3 capacities: send, delete and communicate. You really want to buy subsidies that are converted
into truck coins directly from the trade, using an extraction job that
provides the possibility of recognizing the nature of the program code, with the help of which the coin truck goes to your PC immediately. Now, when this is done, customers and merchants will really want to contact partners with the help of a capacity called "visit window".
where dealers and buyers get every chance to check the activity and then come to a resolution. Only once did they demonstrate from two places.
Buyers can press the "escrow" button, where they
are notified that the item will be stored on our servers securely until now, until someone purchases the item in any capacity. If someone changes his point of view or will cancel his application in time
for an escape item. For this situation, one can expand the "question", but then the supervisor provides a talk window to check if the result is really broken or someone is trying to cheat. If the item is damaged, someone will be handed over. Likewise, a person cannot be tricked, because that way, when you confirm that the results are genuine, the
PC will send coins or refuse to issue.