SmartLoC, founded in 2012, is a German startup that has developed a digital B2B payment solution for international trade. The company's cloud platform aims to streamline and digitize cross-border transactions by leveraging advanced technologies such as IoT, blockchain, and AI. SmartLoC's system provides businesses with a secure and efficient way to manage international payments, offering features like collaborative contract creation, shipment monitoring, and trusted payment solutions.
The platform allows users to create export or import contracts with trading partners using collaboration tools and standard templates for different regions and product categories. This approach helps avoid inconsistent and time-consuming email exchanges. SmartLoC's IoT-enabled monitoring system provides real-time data on shipments, allowing for enhanced risk management and proactive event analysis. The company's solution has been noted to help businesses reduce CO2 emissions and logistics costs for shipments.
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