TOP is an open, decentralized protocol that enables businesses to manage seller’s fulfillment obligations against buyer’s payment obligations, while also facilitating settlements and adding liquidity to the market.
In the TOP ecosystem, agreements, claims and acceptances are conducted off-chain. Allowing permissioned viewing, reduce gas costs drastically and eliminate blockchain bloat. Claim verifiers can help to validate claims for acceptance, charging a small fee. Anyone can build a claim verifier.
Build on Blockchain’s distributed network with no centralized point of failure and no down time, each claim is accepted and settled automatically and without counterparty risk.
The credit and financing functions of digital draft continue to deepen in a market environment with poor liquidity. It also lays down the foundation for DApps to support deep tiered financing.
TOP provides tools for DApps to build domain specific taxonomy for agreement which enables capturing of relevant business obligations (terms and conditions) associated with participated parties. These terms and conditions can then be used through smart contract designer to generate the desired smart contracts to manage (validate, authorize and execute) various business events during the transaction life cycle.
By sharing a standard API, marketplace makers can easily aggregate trade asset pools, creating network effects around trade assets that compound as more market makers join the network.
In order to address the “double spend” issue for financing institutes around the world, TOP provides and global registry facility for registration and inquiry of any underlying trade assets being financed.
Doing business is not just about completing the transaction, but in turn, is about the reputation you can earn which provides great value. TOP provides the mechanism to enable businesses to earn their reputation through delivering high quality work and making additional contribution to the community beyond transaction processing. Reputation score provides both the performance and commitment aspects of business, two things that credit score lack.
TOP is open source, permission less and free to use. Trading directly with a known counterpart for free, allowing them to pay claim verifier some TOPP tokens to access their trade obligations tracking and matching capabilities.
Network of Networks
One protocol, many opportunities
TOP protocol is a pluggable building block for DApps that requires business obligations management functionality. Join the many developers that are already using TOP protocol in their web applications and smart contracts.
Procure to Pay
Bring efficiency and transparency to the supply chain
Trade Assets Marketplace
Verify lien on a smart asset to eliminate fraud and duplicate financing
Financial Supply Chain Management (FSCM)
Deep tier financing and unlocking trapped liquidity
Letter of Credit (LC)
Automate document checking and auto trigger payment