Service Marketplace

Customers and Providers alike can use our application to find goods and services and maintain Wurla (wUSD) wallets. Key differences are described below.

Providers

Customers

Decentralized Organizations

Smart Contracts

Build customizable contracts with dynamic conditional terms that fulfill either when carriers upload proof of delivery documents or another proof of delivery – you get to choose!

  • What is a Smart Contract?

    Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code.

  • How is it Customizable?

    When contracts are bought, all participating users will receive a form to stipulate service conditions and when they are willing to pay the service amount.

  • What are the Benefits of Smart Contracts?

    Longer-term contracts with fluctuating prices easily account for unexpected expenses like changing fuel prices or detention fees. Let the platform mediate and moderate prices and expectations of contract terms.

  • What Kind of Smart Contracts can be Sold or Purchased?

    After an initial identity verification approval process any user can list service contracts on the marketplace.

API Integrated Fulfillment

With API gateways we integrate to many popular platforms to track fulfillment of services in through Smart Contracts and temporal vaults.

  • Hardware Guarantees Accuracy

    Bluetooth provides stronger, reliable signal strength that continuously minimized overehead costs and keeps track of shipments in real time.

  • Reduced Environmental Impact

    Often times time and paper resources are spent correcting inconsistencies in information. For example, when trailers are misloaded and freight is delivered to the wrong address, multiple trips are made to rectify the problem.

  • Decreased Insurance Costs

    Insurance rates won't increase due to loss of assets since they are tracked every step of the way.

  • Instant Payment on Proof of Delivery

    The API gateway integrations automatically know when a service is fulfilled. For example, this prevents a shipper from contesting a delivery and sends immediate payment, thanks to blockchain Smart Contracts.

Temporal Vault Loans

By depositing on a service being fulfilled, Customers get a daily percentage yield awarded while that service is pending fulfillment. This provides a steady flow of cash to your company which can be used to cover daily expenses, work with another service provider, or help you through periodic cash shortages.

Immediate Contract Funds

As soon as you have proof of delivery documents, you have access to 50% of the total contract. For example, if your contract is for $5,000 you then have $2,500 instantly. The accumulated price of all freight contracts (Active/Engaged/Pending) can be used to get your loan.

Daily Interest, No Liquidating Fees

While you have money in your Vault, it accrues daily interest. We only charge a small fee on pending assets in your Vault. Unlike other factoring companies, there are ZERO fees on breaking a contract. 

Flexible Loan Terms

Wurla Vaults offer flexible terms. That means no repayment schedule and no minimum payments!

Token Types Used

Gold and silver backed stable coins represent fractionalized ownership in physical precious metal assets that can be traded for other physical commodities

Fungible

We use the fungible standard Ethereum token, ERC-20, which by definition is:

  • Divisible
  • Able to be used in fractions to pay back a larger amount
  • Replaceable a token of the same type

Non-Fungible

We use the non-fungible standard Ethereum token, ERC-721, which by definition is:

  • Only bought or sold as whole units i.e. is not divisible
  • Able to be traded in exchanges
  • Trackable for transfer information between sender and receiver

Smart Contracts

We use a type of digital vault to store our Wurla ERC-20 tokens which by definition:

  • Accrues daily interest with a small fee on pending assets awards DPY to provider
  • Is not subject to liquidation fees, unlike other companies like Maker Dao
  • Unlocks funds when contracts are fulfilled

Say Goodbye to Net 30

With Wurla, you don’t have to wait a month to get paid on services.

Net 30 is one of the most common credit terms used  that simply means that you’re extending credit to your customer, and expect them to pay the net, or full amount of the invoice, within 30 days of the invoice date.

Using blockchain accounting to keep track of and verify commodities in the marketplace and provides the reassurance necessary to give out loans as soon as you have access to a contract! 

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