Key Points
- BICARSA
- dependencies on identities ( organizations, individuals ), accounts, accounting systems
- payments
- credit payments
- bank payments
- settlements
- orders
- invoicing
- receivables
- sales analysis
References
| Reference_description_with_linked_URLs_______________________ | Notes______________________________________________________________ |
|---|---|
| F2F Product document folder | |
| Deck for InComm - Sep 23 v2 .pptx | |
| https://www.finastra.com/solutions/transaction-banking/trade- supply-chain-finance | Finastra trade finance software supports SWIFT |
| payments and tokens service product concepts | |
Payments Task List
| task___________________________________________________________________________ | action___________________________ | status_______________ | Notes________________________________________ |
|---|---|---|---|
| get bluenumber project access: JIRA, Confluence, Github, Postman, DB | |||
| get TNT project access: JIRA, Confluence, Github, Postman, DB | |||
| define process, inputs, prereqs for invoicing | |||
| define payment services for invoicing | Thomas poc | file system wallet | |
| review onboarding model for growers, processors, shippers | |||
| check use of Indy IDs, wallets for Fabric MSP services | |||
| define any known integration requirements | |||
| create product roadmap | |||
Key Product Solution Questions
- What are the payment scenarios in F2P Finance?
- what are the challenges, opportunities for each stage and role in the payment chain?
- who can pay for the solution in the payment chain? ( NOT the growers )
- what's the F2P story we share? ( challenges & opportunities, F2P FBRs, case studies )
Product Delivery Concepts
| _Item__________________ | notes______ |
|---|---|
| a>> well defined work packages for a product w good research tasks ** | |
Key Payment Services Concepts
DPS - Digital Payment Services Feature Concepts
--------------
#DPS - digital payment services - DPS
--------------
- buy payment tokens with ACH funds or credit card
- cash out payment tokens to ACH account
- send money from ACH account to ACH account
- convert currency on transfers
scenarios ?
- any including international payments, remittances
- supports many currency conversions
- low cost
- fast
DPS considerations
- which services to use ( Stellar, Wise, Stripe or ?)
- secure payment models
- secure sharing of bank accounts
- standard or custom payment use cases
- related contract methods for payments
- related contract documents
- digital signatures
- wallets
- supported identity types, verifications for accounts
- interoperability on identities
- interoperability on wallets
- interoperability on services ( DID methods etc )
- support for terms verifications
- support for escrow payments
- support for reverse payments on escrow failures
DPS fees
- different use cases may have different fees
- fee structures should allow multiple servicers
- fee structures should support discount methods applied by account, account type ( eg a flat fee for all trans in period)
- fee visibility restricted by role
- should include coverage of all related costs to run, maintain, manage DPS
- should support usage credits, tokens based on defined rules
Thomas POC features tested
buy tokens with credit card
add payment method for account
buy tokens on credit card
show token purchase
explorer - view new account balance minus fees
stripe login
stripe payment with credit card shown
cash payout using xwise
xwise summary screen
xwise login - MFA
add new bank account
create cash payout
confirm the payout request w transfer shown
Stellar explorer shows payout transaction on xwise
> consider login to view the JSON details
xwise shows the payout to Paramount and the $1.05 fee
send money feature
F2P Solution Concepts
F2P Modules ( needs review )
IAMS - Identity, Access and Memberships Services
SCM - Supply Chain Management
FMS - Financial Management Services
Invoicing
Invoice reconciliation
Invoice payments
Direct payments on delivery
Contract payments
Invoice Loans - Factoring receivables
Crop Loans - highly risky
Payments - via payment services
Receivables
Purchasing
General Ledger
Payroll
External integrations
Analytics
food supply chain logistics improvement
food safety
ethical sourcing
fresher food
F2P Incomm presentation deck
Deck for InComm - Sep 23 v2 .pptx
see the ps deck model ...
https://en.wikipedia.org/wiki/GS1
context - existing solution
use cases for scope
quality - efficiency
security - safety
consent mgt
transparency
trust - immutability - traceability
integrations
problem stmts
current system focus ( add roadmap )
from user journeys ( cpa, dmv, dbr, firms )
user full credential exposure for proof requests
user id, pwd risks, issues
state reduced fraud, disputes
new system
impacts for use cases
food recall reduction w data quality, automation, immutability,
transparency
strategy
add did, credentials for ssi, pii
impacts
security
data protection
data privacy
easy secure access
consent mgt
reduced fraud, impersonation
any specific kpis / metrics to measure impacts?
any other related references on benefits ?
how decentralized a network is this?
next to last slide ( F2P ) shows
safety benefit ( food recall )
no other slides show the sourcing or produce quality benefits
revenue slide could benefit from added text to clarify the model
recommendations
strategies
implementations
decisions
next steps
appendices
related stds - ssi, did, toip, pki, ...
swt id bc pptx
Potential Value Opportunities
Food Supply Chain
Distribution models ??
free 30 day trials hosted
limited function, capacity open-source version
enterprise version
Potential Differentiators ??
pluggable interfaces for: identities, RBAC, data models, logic scripts, workflows, events
industry specific
pre-built integrations - EDI etc
partners on sub-systems - eg payments, inventory
Research list
Normal ERP logistics apps in cloud
Please review the shared links and let me know your thoughts.
Other Trade Finance solutions and use cases
https://www.finastra.com/solutions/transaction-banking/trade-supply-chain-finance
Bills of Lading
Tokenizing Bills of Lading - https://www.youtube.com/watch?v=JN69tm9bq7c
Potential Challenges
Legal Terms and Documents
I have shared the legal artifacts on Blockchain and would appreciate your views.This will help our attorney draft the contents precisely matching our expectations.
My Onboarding support concepts
good customer service
easy, effective, low-cost Paramount support options
No-charge Account planning meetings to define
goals, expected usage, gather requirements, plan any custom services, standard onboarding, training, connections, support and more
use youtube videos, docs as an option here
use knowledge base with youtube video links as first stop for help normally
provide direct email, live chat and phone support options for registered account contacts
use custom Zoom support meetings as needed to resolve issues
use online Grails app to record and manage work requests ( problems, questions, feature requests )
use online BIRT or equivalent Web report tool to show system usage and manage work request status
customer portal provides account information and billing status
Customer responsibilities for implementation and support
Customer Resources committed to meet planned onboarding and support requirements
Customer designates specific support contacts who go through on-boarding training courses
Customer is responsible for integrations to existing systems unless Paramount hired on a custom SOW under an MDA to provide services integrations
Customer documents planned usage of services using JEPL ( Java Event Processing Language ) to define a planned usage model for workflows, event notifications, automation
Paramount provides support on usage documentation with JEPL via knowledge base and support staff
Customer provides a test environment to test and validate planned usage and identity support problems separate from Production systems
Customer uses Paramount online support templates to record any support incidents ( problems, questions, feature requests ) and submit to Paramount online ( see work request template as a Grails app )
Candidate Solutions
F2P solution
MVP Plan
https://drive.google.com/file/d/1fmNi3Nptr335LZyp-40l8sM7kntZLzFh/view?usp=sharing
OKR - Objectives Key Results
Problem Statements
https://paramountsoft.atlassian.net/wiki/spaces/FAR/pages/264077353/Problem+Statements
Meetings
Restructure F2P product plan - 210504
Remaining sub topics within each module will be considered later as and when the scope arises.
Step-by-step guide for Example
sample code block