The Ledger
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DeLeo: Web3 blockchain enables seamless digital tracking of commodity ownership
“Moving into a web three point O blockchain kind of model, then the ownership and the title will move very easily over that. And it'd be tracked properly and it will be done in a digital manner versus the way that happens now.”
DeLeo: TrustChain's main revenue will come from escrow and paymaster fees
“Because our main, our business, our main business model is them using our escrow and pay master services. That's where we are a bank where we're modeling on. That's where our main revenue is going to be coming from, where they're at. We're actually acting as t…”
DeLeo: TrustChain is onboarding a copper deal worth $200k in fees
“So like the copper deal that we're bringing on board, the services fee that we're charging them, not just the monthly, but the other fees of like the escrow and the other pieces like that. And the procurement fee that we're doing that though, that one deal is …”
DeLeo: TrustChain expanded from KYC SaaS into an escrow platform
“We started off as a SaaS play thinking that, you know, we're going to do a bunch of services that would be great for people in the commodities industry and realizing that it needs to grow into that and it needs to change the platform really quickly after custo…”