Seller Perspective
Where we start (old route)
Edma Group worked on the 100-Edma Safe Plus Nitrile gloves order. We arranged the production with two of our manufacturers from Anhui and Shanghai, packaging, book production, pay for inspection, reserve space at port. Cash doesn’t show up. We open an LC, wait on banks, fix “document discrepancies,” and carry everything on a short loan. If nothing slips, we see money 60–90 days after I started.
What I fund up-front (typical):
Materials & production (green, packaging, labor): ~$5.28M COGS (~80% of CIF; varies by deal)
PSI (SGS/Intertek/BV) & local port costs: ~$60k–$90k
Ocean freight & charges (if CIF): included in price but often prepaid before the BL issues
How long I carry it:
LC issuance/confirmation/amendments: 7–15 days
Docs & bank handling + sailing + arrival: ~45–70 days
Total cash at risk: commonly 60–90 days
What it costs me (illustrative):
Cost of funds (10% APR x 60–90 days on $5.28M): $80k–$120k interest
LC confirmation/advising/amendments/discrepancies: ~$35k–$65k
Total seller-side friction: ~$115k–$185k if nothing slips
Where we are with EDMA platform
We run the same program on one rule: money moves only when proof lands. We can see the buyer’s cash from day zero, and I can pay my own partners inside the platform without asking a bank to believe the future.
The milestone model in this deal (simple and explicit)
1) Buyer funds 20% (Pre-Ship): $1.32M
EDMA mints a 1:1 platform balance and shows it in our wallet as Locked EDSD for this order. We cannot withdraw, but it’s real and ring-fenced.
2) We can spend inside the platform (not off it): up to $1.32M as “funded-on-proof”
We assign conditional credits to my whitelisted partners—inspector, carrier, warehouse. Each credit is labeled funded on proof and will clear only if Pre-Ship passes.
PSI/QA budget (inspector): ~$12k–$18k
Local port & handling: ~$40k–$60k
Booking/Carrier deposit (if required): per contract
We pay 1% per each transfer to our manufacturers
3) We pass inspection (Pre-Ship gate)
Lots match the PO, COA is clean, packaging/barcodes are correct. EDMA mints the Pre-Ship EMT; Any conditional credits tied to Pre-Ship auto-settle.
Platform shows “Next top-up due” for On-Board.
4) Buyer funds the remaining 80% (top-up): $5.28M
Before On-Board opens, the buyer wires the balance. If they miss the top-up window, On-Board sits Pending Funds (even if my proof is ready) and late penalties in the MPA apply. EDMA can’t open a gate without cash.
5) We load the vessel and get the BL (On-Board gate): 80% unlocked → $5.28M
BL + seal number & photo match the packing; voyage is consistent. EDMA mints the On-Board EMT; $5.28M unlocks—immediately usable inside EDMA (pay more invoices), withdrawable off-platform against a 0.5% fee.
6) The vessel arrives; buyer picks up (Arrival gate): final 20% unlocked → $1.32M
DC receipt + random QA pass (shelf-life and damage tolerances). EDMA mints the Arrival EMT; $1.32M unlocks. My schedule is complete, so we flip Auto-redeem and EDMA wires the withdrawable balance to my bank (or I keep EDSD on EDMA to pay the next order). I pay 0.5% fee on withdrawal.
Rule that never changes: if a document is wrong (a seal mismatch, short shelf-life, out-of-range temperature), the release stops, the reason shows in plain words, and I fix it now—not a month later. No EMT, no funds.
What keeps the next milestone funded
EDMA never opens a gate (or releases a slice) without cash or cover:
Platform enforcement. A gate requires the top-up present. If it’s late, the gate shows Pending Funds; late interest/penalties tick exactly as the contract says.
Standing cover for the “next slice.” At award the buyer picks one: a standby LC, surety bond, or trade-credit insurance for the upcoming tranche. If a top-up misses, EDMA draws on the cover.
Optional backstop. On trusted lanes, a bounded Payment Assurance Pool can front a capped amount and recover from the buyer—keeping freight moving without breaking the rule.
What my cash looks like on screen (the stuff my team actually uses)
Locked for you. The 20% I see on day zero (padlocked), then the bigger On-Board slice after the top-up lands. Each slice flips to Paid when its gate passes.
Funded-on-proof credits. Lines to carrier/inspector/warehouse that auto-clear when the linked milestone passes—no chasing.
Releases & receipts. A green tick, a Paid tag, and a one-click CSV/PDF plus a public proof page every time.
Top-up status. A small indicator showing the buyer’s deadline and whether a gate can open.
Withdrawal. One switch—Auto-redeem on completion—so I don’t babysit payouts.
With EDMA (what changes to my cash)
Numbers we work with :
20% Pre-Ship: $1.32M
60% On-Board: $3.96M
20% Arrival: $1.32M
We run the same program on one rule: money moves only when proof lands—and I see the buyer’s money from day zero.
Proof-of-Verification (how the “green tick” actually happens)
Source → Verify → Gate → Mint (EMT)
Source. Real events leave evidence: COA + lot list (Pre-Ship); BL + seal photo (On-Board); DC receipt + QA (Arrival).
Verify. Independent parties confirm it: inspector’s PSI; terminal/carrier BL & seal; DC scan & QA.
Gate. EDMA checks what we wrote in the contract. If it matches, the gate turns green.
Mint (EMT). EDMA mints an EMT for that stage and sub-lot—a “receipt with a switch”—and flips that slice from Reserved to Released. Money moves the same day.
One-Claim means the same evidence can’t be paid twice anywhere on EDMA. If something is later revoked, dependent slices freeze until the record is clean.
Fees & burns (what I feel, not what I manage)
The buyer pre-pays the protocol fee when they fund the order (in EDM or USD). We simply see the net on each release. EDMA then posts the burn per milestone:
Policy: 0.5% we pay per each EDSD conversion to cash, capped per tranche at $5,000 (≤ $1M), $25,000 ($1–5M), $50,000 (> $5M). We also pay 1% for every transfer we send to our suppliers through the platform.
Burn: 50% of that stage’s fee is removed from supply on-chain as the stage pays (with a hash in the Fee Ledger).
Non-burn half: supports attestors, network operations, builders, ecosystem per stage.
Why this fixes my working capital
Old: I finance ~$5.28M of COGS for 60–90 days → ~$115k–$185k in friction (interest + LC fees) if all goes well.
EDMA:
We see $1.32M day zero and can pay partners with funded-on-proof stable coins.
We unlock $5.28M at BL, $1.32M at Arrival— money we can withdraw or use in EDSD for outside payments.
If we still need a bridge, after 4–5 clean programs we tap EDMA Supplier Advance at 3–4% APR (repaid automatically from upcoming releases; no personal guarantees).
We can offset by Carbon at the end of the order and don't need to keep any extra ledger for it.
Net effect: my financing window shrinks; my borrowing cost drops; my team stops juggling “maybe next week.”
Day-zero certainty. we see “EDSD” before we spend. We're not shipping into a black box.
Bank gymnastics gone. we pay partners with funded-on-proof credits; they see the badge and move.
Cash lands at real moments. A big unlock at BL; withdrawal rights open at arrival/pickup; the last bit clears after final checks.
Cleaner books. Every move leaves a receipt and a proof page we can send to anyone.
From “ship first, wait 60–90 days” to “prove it, get paid today.”
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