The Arab Digital Food Market is an advanced digital platform that connects its various components, including exporters or sellers, buyers or importers, and all supporting service providers, including transportation, logistics, warehousing, inspection, testing, and classification, certification, financing and lending, insurance, and customs clearance. Its implementation mechanisms rely on smart contract technology (blockchain), through which financial dues can be transferred according to the agreed-upon contracting mechanism and guaranteed by the platform. This can be done through an intermediary bank account, allowing payments to be made based on the completion of work and system approvals, and then transferred between digital wallets from importer to exporter.
This solution directly addresses a set of problems and indirectly impacts another set of problems, finding a way to address them based on the realization of direct results.
