Dallas, Texas– – GloComX has recently announced that they are developing a finance platform which will serve as a reliable mediator that will prevent safety and quality deficiencies in manufacturing processes.
“We combine industry-leading technology and highly skilled talents to facilitate transparency and limit risks associated with global services and commodities markets to help reduce poverty and improve financial outcomes for millions globally,” Chinedu N.
For example, a single auto-maker using GloComX to manage liability issues for autonomous vehicles through smart contracts would be able to create a competitive advantage through carbon credit verification and allow the manufacturer to assign liability for a particular failure to a specific subcontractor.
Global efforts are being implemented in order to reduce the effects of climate change, through the use of carbon credits.
The downside is that it can be “fraught with corruption and non-compliance,” as Godwin explains.
Creating transparency in carbon credits is only a small fraction of what GloComX’s technology is capable of.
Self-driving cars raised the issue of who might be held accountable in the event of accidents, and that’s where GloComX comes in.
Godwin adds that, “GloComX can reduce risk, increase earning opportunities, and create a transparent environment for international physical commodity sales and purchases.
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