Elandbridge

Enabling frictionless cross-border trading through seamless digital borders

London, United Kingdom
GBP
www.elandbridge.com

Elandbridge

Elandbridge is a technology solution to the import/export challenges created by exiting the European Union.

Originally developed the solve the Irish border challenge and to maintain the Good Friday agreement, the solution has a positive impact on any situation where there are border controls alongside import and export tariffs.

 

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    The Challenge

     

    In simplest terms; the control of goods being transported between two countries where there are import/export tariffs, border controls and the requirement to reduce stoppage time and additional costs on consignments to a little as possible.

     

    Business Model

     

    Elandbridge is based upon a SaaS business model. The provision of technology in return for a monthly or pay as you go revenue stream. The business model has identified over 10 different income streams.

     

    How Does It Work

     

    The system combines four existing technologies:

    • Block chain – already in existence, and system to Elandbridge already developed
    • An Electronic Seal – Developed and being applied in the airline sector
    • Secure messaging App, using biometric recognition – developed and being trialled
    • Global Positioning Systems – Everywhere!

    Elandinfographic

    Elandbridge has combined all four systems to create what we call a ‘Mobile Bonded Warehouse’ (MBW).  

    The MBW, being either a fixed structure lorry, refrigerated as an example, or a shipping container, using the Elandbridge system would have the ability to travel across borders without interruption, with customs on both sides secure in the knowledge that the consignment, once loaded and secured, had not been tampered with.

     

    Development

     

    The development of the MBW is in three stages:

    1. A pre-prototype. This is a virtual demonstration of the system, based upon the block chain recording system that has been developed
    2. A prototype. All the relevant elements pre-exist to create the MBW. To create a prototype the various companies will work together to combine the technology.
    3. Minimum viable product.

     

    Investment Requirements

     

    To finalise the pre-prototype Elandbridge require an investment of £50,000.

    SEIS advance assurance is being applied for.

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