Factorin, a blockchain-based trade finance platform serving small and medium-sized businesses, has completed 10,000 transactions during its nine months of beta testing. Factorin is a fast growing and revenue generating business that seeks to partly address the estimated $45 billion gap of trade finance for small- and medium-sized businesses in Russia, according to company’s estimations.
A large Russian retailer with revenue exceeding $5B and twelve financial institutions, including banks and factoring companies, signed on to the platform. All of the pilot corporate participants are embedding Factorin into their business processes after the company launches its platform for commercial use in the second quarter this year. As of now, Factorin has opened on-boarding for SMEs, thus making them fully ready for the new digitized process of legally-binding documents exchange.
The company uses blockchain technology to automate and improve trade finance transactions, making them faster, more transparent and more secure for all of the parties involved. Using their own node connected to the platform, large buyers interact with all of the factoring companies in one place. Banks also benefit as the possibility of fraud is greatly reduced. Suppliers enjoy faster transaction time, as they get access to financing within one day of applying via the Factorin platform.
Factorin instantly creates all of the necessary documents and encrypts transaction details for greater security. Buyers and financial companies, which have connected their nodes to Factorin, manage the process through a straightforward web interface. Suppliers can also use the web interface or a mobile application.
Andrei Maklin, Co-Founder and CEO of Factorin, commented:
Factorin allows businesses to interact in a unified digital space, enabling their systems to instantly and securely exchange data with one another. This helps all the parties involved to lower their costs and transaction time, cut out the risks related to human error. I strongly believe that technology is the future of trade finance, which should unlock financing for countless small and medium-sized businesses, that are currently underserved by the market. As a next step we’re planning to expand geographically with our European partners as well as introduce additional financial instruments to the platform.
More information at https://factorin.io/
Powertrain Sensor Market Worth $24.7 Billion by 2027 – Exclusive Report by MarketsandMarkets™
According to the new market research report “Powertrain Sensor Market by Sensor Type for ICE Vehicle (Position, Pressure, Speed, Temperature), Sensor Type for EV (Position, Temperature, Current, Voltage), Propulsion, Powertrain Subsystem, Vehicle Type, EV Type, and Region – Global Forecast to 2027″, published by MarketsandMarkets™, the global Powertrain Sensor Market size is projected to grow at a CAGR of 2.8% to reach USD 24.7 billion by 2027, from an estimated USD 19.8 billion in 2019. Factors such as increasing awareness about carbon emissions, fuel economy, and adoption of green vehicles would drive the market.
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Position sensor for ICE vehicles is the fastest growing segment during the forecast period
Position sensor plays an important role in understanding the operations of vehicle powertrain and identifying facult, if any, in the engine. Vehicle efficiency can be measured and analyzed with the help of signals coming from position sensors installed inside the vehicle powertrain. Apart from installation in the camshaft and crankshaft assemblies, position sensors are being installed in gearbox assembly to measure the data related to the position of gears and gear shifters. Increasing adoption of position sensors in vehicle powertrains is the main factor driving the market segment.
Heavy-duty vehicle is expected to be the fastest growing segment
Heavy-duty vehicles include trucks and buses. Trucks and buses are being installed with advanced powertrain sensors with the upgrading of powertrains. Powertrains in heavy-duty vehicles have to be powerful enough to survive robust conditions. As a result of that, they are required to be installed with sensors that offer high operational efficiency. The market for heavy-duty vehicles in developing countries is flourishing day-by-day. These are a few of the factors contributing to the growth of the heavy-duty vehicle market for powertrain sensors.
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Latin America is expected to be the fastest growing market by 2027
Most of Tier I and Tier II suppliers and OEMs are focusing on the Latin American automotive market. Countries in this region are becoming self-dependent and economically stable. The production of vehicles in this region is also increasing. Governments in these countries are also looking forward to the adoption of fuel efficient technologies. This is the reason for the growth of the powertrain sensor in the region.
The major Powertrain Sensor Market players include Bosch (Germany), Continental (Germany), Denso Corporation (Japan), Hella (Germany) Texas Instruments (US), and Aptiv (UK), among others.
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Automotive Temperature Sensor Market by Product (Start-Stop, PTC, EPS, Electric Air Conditioner, ISG, Starter Motor, Alternator, Actuator, Electric Pump-Vacuum, Oil & Water), 48V, ICE, BEV, HEV, PHEV, Vehicle Type, and Region – Global Forecast to 2027
Automotive Pressure Sensors Market by Application (ABS, Airbag, TPMS, Engine, HVAC, & Transmission), Technology (MEMS, Strain Gauge, & Ceramic), Transduction (Piezoresistive, Capacitive, Optical, Resonant), Vehicle, EV, & Region – Global Forecast to 2025
ARISTOTELES Sky by Kaiserwetter is Emerging as the Ideal Platform for Managing and Matching Energy Generation and Demand at the National Level
The end of the Sustainable Innovation Forum was marked on December 12th, a COP25 event that brought together over the course of two days the main multilateral organizations, investors and innovators from the private sector, as well as ministers from various countries. Key governmental actors included Carlos Manuel Rodríguez, Minister of the Environment and Energy of Costa Rica, Ian Duncan, member of the House of Lords from the Government of the United Kingdom, Ola Elvestuen, Minister of Climate and Environment of Norway, and Yasmine Fouad, Minister of the Environment of the Arab Republic of Egypt. This morning, representatives of the Government of Chile, co-organizer of the COP, as well as the Former President of Chile, Ricardo Lagos, have also joined the forum.
In this context, there has been debate about the needs of different countries to face the current climate crisis, as well as the inevitable energy transition towards renewables and how this works in the wider picture of governmental commitments to a transition based on technological innovation. During the panel “Transitioning Towards a Cleaner, Smarter Energy System of the Future,” this topic was studied in depth, and common conclusions were reached, such as that in order to achieve the objectives set in the COP and the Paris Agreement, it is necessary to enact a more flexible energy system for different governments in their capacity to integrate intermittent renewable energies and other decentralized energy sources. This change requires new business models, regulations and policy frameworks to drive a safe and profitable transition in each region independently. Under this premise, the SAP partner company in IoT and Data Intelligence, Kaiserwetter, has presented in the framework of this forum, the possibility of a new era of effective climate governance for countries, with the presentation of its patented Energy Cloud for Nations, ARISTOTELES Sky.
Hanno Schoklitsch, CEO and founder of Kaiserwetter has stressed the importance of “attracting capital towards the energy transition, not only in industrialized but also in emerging countries, and doing so using the Internet of things and Artificial Intelligence, combined with Machine Learning to create transparency.” With the launch of its new B2G platform The Energy Cloud for Nations “we are creating a more sustainable future by offering a new level of data transparency in the energy market,” which Hanno Schoklitsch says is “essential to achieving the Paris goals, as ARISTOTELES Sky helps governments and authorities cope with the increasing complexity inherent in the energy transition. Action must be taken to accelerate the energy transition now, not only from the private sector, but also from governments, and there is already a way to do this.”
SOURCE Kaiserwetter -MARCO
iAnthus Subsidiary CBD For Life Continues to Expand National Reach for Holiday Season
CBD For Life (the “Company”), a subsidiary of iAnthus Capital Holdings, Inc. (“iAnthus”) (CSE: IAN), (OTCQX: ITHUF), which owns, operates, and partners with best-in-class regulated cannabis operations across the United States, is pleased to announce it has now reached over 2,600 retail stores in the United States with its leading CBD-infused wellness and self-care products.
In addition to traditional retailers like Urban Outfitters, Dillard’s, The Hallmark Store, and Wegman’s, CBD For Life’s products can now be found with top shelf placement in newsstands in hundreds of high traffic areas including rail stations, commuter terminals and airports. The Company also began a limited roll out of products with UNFI Distribution, the largest natural foods distribution company in the United States and Canada with over 43,000 customers including natural foods grocers, health food markets and superstores. The Company’s products are also available online at CBDforlife.us, Dillards.com, UrbanOutfitters.com and recently relaunched at TheGrommet.com. CBD For Life’s rubs were recently featured on the Yahoo.com holiday shopping guide 7 classy stocking stuffers they’ll never guess are under $25, and the company has now reached over 1000 5-star product reviews.
“We are thrilled that CBD products are in such high demand this holiday season. On Black Friday alone this year, we saw a nearly 300% increase in our average daily sales. Cyber Monday was similar. Our holiday gift set, available through our website, is seeing incredible sell-through. With the recent upgrades we’ve made to our website, e-commerce fulfillment, and third-party logistics systems, we are ready to meet that demand and can’t wait to put smiles on thousands of faces on Christmas Day!” said Julie Winter, Vice President at iAnthus and General Manager of CBD For Life. “We are beginning our fifth year of operations with great momentum. In the new year, look for new packaging and new products, including deodorant and lip treatments.”
SOURCE iAnthus Capital Holdings, Inc.
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