Fortstock is a ground-breaking collateral management platform. Our platform is designed to greatly facilitate the warehouse financing process.
Warehouse financing allows businesses to borrow money secured by warehoused inventory. In practice, warehouses certify the quality, quantity and ownership of goods under their control. In doing so, they issue a warrant, a unique and legally signed or stamped receipt. This warehouse warrant, issued to lenders, represents the goods used as collateral for the loan.
Today, the warehouse financing process is very manual, and paper based. Due to a lack of digital tools, the loan approval process is often time consuming and complex, and the resulting loans are rarely controllable or auditable.
Consequently, the vast majority of the multi trillion-dollar value of current warehoused goods is not used as collateral, depriving businesses of valuable cash flow, and banks and warehouses of valuable revenue streams.
Fortstock fixes these pain points by leveraging the power of blockchain and smart contracts. Through our platform, we deliver automation, trust and speed to the three stakeholders in the warrant financing system: financial institutions, warehouses, and the owner of goods.
Our smart contract / blockchain technology impedes double spending and fraud.
Fortstock only partners with warehouses that meet high standards of reliability.
Warehouse receipts are Instantly delivered to owners, banks and warehouses. Issuance takes seconds instead of weeks.
For banks offering warehouse financing: Fortstock greatly facilitates and enhances the loan process by improving trust and control, increasing auditability, and reducing resource consuming paper-backed certifications.
For Banks not offering warehouse financing: Fortstock generates a new revenue stream by allowing banks to offer new and safe financing solutions. This is especially important for bank customers confronted with increased warehousing needs and costs.
Businesses that own warehoused goods benefit from increased access to finance through loans offered by Fortstock Partners. The loan process becomes substantially quicker and easier by reducing administrative costs and processes. This is especially important for business facing a cash crunch or owning perishable goods (agricultural products for example).
Warehousing and storage is in high demand. Although supply will also increase, so will competition. Warehouses will have to differentiate themselves not only by the quality and security of their storage, but also by the portfolio of services they offer. By becoming of FortStock Partner, Warehouses will offer customers facilitated access to financing. This service is an additional revenue stream for the warehouse.
The issuance and transfer of warrants is fixed on the public blockchain; Anyone with the PDF document of a FortStock Warrant in hand can check the authenticity and current status of the Warrant on the Fortstock Platform or directly on the public blockchain.
Are you a warehouse and/or logistics company, a lending provider, or a business with inventory? Let’s discuss. We are eager to learn more about your needs and show you how we can help you build value.
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The purpose of the following data protection information is to provide you with an understandable, transparent and concise explanation of how we intend to process your personal data. However, should you require further explanations relating to data protection at FortStock, please do not hesitate to contact our data protection officer at email@example.com.
The controller within the meaning of Article 4 (7) EU General Data Protection Regulation (GDPR) which is responsible for the processing of your personal data is:
– Greenline Capital Limited
– UNIT 3 3 Lombard Street East Dublin 2, Ireland
– Email: firstname.lastname@example.org
FortStock has appointed a data protection officer pursuant to Article 37 GDPR. You can contact FortStock ‘s data protection officer, via the following email email@example.com.
FortStock is required to recognise the following rights which you enjoy under the applicable data protection law with respect to your personal data.
Right of access: You may request information from FortStock at any time as to whether FortStock has stored your personal data and which personal data it has stored. FortStock is required to provide this information to you free of charge.
The right of access does not exist or is subject to limitations if and to the extent that confidential information, such as information that is subject to professional secrecy, is disclosed.
Right to rectification: If your personal data which is stored by FortStock is inaccurate or incomplete, you have the right to demand at any time that FortStock rectify this.
Right to erasure: You have the right to demand that FortStock erase your personal data if and to the extent that the data is no longer needed for the purposes for which it was collected or if the data is processed on the basis of your consent and you have opted to revoke your consent. In such cases, FortStock must cease processing your personal data and remove that data from its IT systems and databases.
You do not have a right to erasure if:
– the data may not be deleted due to a statutory obligation or must be processed due to a statutory obligation;
– the processing of data is necessary for the establishment, exercise or defence of legal claims.
Right to restriction of processing: You have the right to demand that FortStock restrict the processing of your personal data.
Right to data portability: You have the right to receive from FortStock the data provided by you in a structured, commonly used, machine-readable format as well as the right to have these data transmitted to a different controller. Thisrightexistsonlyif:
– you have made this data available to us on the basis of consent or an agreement entered into with you;
– the processing is carried out by automated means.
Right to object to processing: If your data is processed by FortStock on the basis of Article 6 (1) (f) GDPR, you may object at any time to processing by FortStock.
You may assert any and all of the rights of data subjects described above against FortStock by addressing your specific requests via the following email: firstname.lastname@example.org.
Right to lodge a complaint with a data protection supervisory authority. Pursuant to Article 77 GDPR, you have the right to lodge a complaint with a data protection supervisory authority if you believe that the processing of your personal data infringes data protection law.
Processing of data on the website/application/FortStock Platform and the legal basis for processing
Processing of personal data when visiting the website and FortStock Platform
When you visit our website or log into the FortStock Platform, we collect the data that is technically necessary to display that website and FortStock Platform interface to you. This involves personal data, which is transmitted automatically by your browser to our server, including:
– IP address;
– date and time of your request/website/FortStock Platform access;
– time zone offset from Greenwich Mean Time (GMT);
– content of the request (information about which specific web page you visited);
– HTTP statuscode;
– transferred data volume;
– website requesting access;
– browser (information about your browser);
– operating system and interface (operating system of the computer you used to access the website or the application or the FortStock Platform);
– language and version of the browser software.
Processing of such personal data is carried out on the basis of Article 6 (1) (f) GDPR. The website and the FortStock Platform cannot be accessed and offered to users without using such data; there is a legitimate interest in making it technically possible to access and use the website and the FortStock Platform.
The log files are stored for seven days and then deleted.
This website is hosted by a service provider Nic.ru and the data collected on our website is therefore stored on the servers of that service provider. Servers are also located in other European and non-European countries.
FortStock Platform is hosted by a service provider Hetzner Online GmbH and the data collected on the FortStock Platform is therefore stored on the servers of that service provider. Servers are also located in other European and non-European countries.
Data is transferred abroad, including to countries outside the European Union or the European Economic Area. An adequate level of data protection is ensured by using standard contractual clauses laid down by the EU Commission within the meaning of Article 46 (2) (c) GDPR. The EU standard contractual clauses may be viewed at https://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2010:039:0005:0018:EN:PDF.
A contact form is available on our website which you can use to submit questions to us concerning FortStock, the website or other enquiries. You may also contact us by email.
When you contact us via the contact form or by email, the data you provide (in particular your email address, your name and surname and the text of your enquiry as well as any other information you may have provided in the contact form or by email) will be stored by us in order to process your enquiry and answer your questions.
We will delete the data generated by your enquiry as soon as it is no longer necessary for processing that enquiry. To the extent that the data is subject to statutory retention requirements, it will be stored for the duration of the prescribed statutory retention period.
If you order one of FortStock’s newsletters, we store and process your email address so that we can send you the newsletter to which you have subscribed.
To register for one of our newsletters, click here: FortStock.io.
Data processing for the purpose of sending the newsletter is carried out on the basis on your consent. You may unsubscribe to the newsletter at any time with effect for the future and thus revoke your consent by clicking on: FortStock.io.
We will also provide you with an email address for unsubscribing in each newsletter message.
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Cookies, which are not strictly necessary for the functionality of our website, are only used with your prior express consent.
You can also control the installation of cookies yourself at any time by changing your browser settings and/or deleting all cookies.
This website uses Google Analytics, a web analytics service provided by Google Inc. (“Google”).
Google Analytics uses “cookies”, which are text files placed on the user’s computer, to help the website analyze how users use the site. The information generated by the cookie about the use of this website by users is generally transmitted to a Google server in the USA and stored there. IP anonymisation has been activated on this website so that the IP address of Google users within Member States of the European Union or in other Contracting States to the Agreement on the European Economic Area is shortened beforehand. Only in exceptional cases will the full IP address be transmitted to a Google server in the USA and shortened there. We would therefore like to point out to you that data processing within the framework of Google Analytics may under certain circumstances also take place outside the scope of EU law.
On behalf of the operator of this website, Google will use this information for the purpose of evaluating the use of the website by users, compiling reports on website activity and providing other services to the website operator relating to website activity and internet usage. The IP address transmitted by your browser as part of Google Analytics is not combined with other data from Google.
Google Analytics is used by us only with your consent (opt in).
You can also prevent the storage of cookies by setting your browser software accordingly; however, we would like to point out that in this case you may not be able to use all the functions of this website to their full extent.
As an alternative you may refuse the use of Google Analytics by setting the performance cookie to inactive in the cookie settings.
Our website currently contains links to the following social media providers: Facebook, Twitter, LinkedIn, YouTube, Pinterest and Instagram via the relevant social media buttons. In order to avoid unwanted transfer of your usage data (e.g., address of the currently visited page) to these services, you will only be able to access them by clicking on the link (social media button “Shariff”). The aforementioned social networks may themselves collect usage and possibly user data. We have no control over the data collected and data processing activities, nor are we aware of how much data is collected, the purposes of processing or the storage periods. Nor do we have any information on the erasure of the data collected by the plugin provider.
Therefore, the information we provide is to the best of our knowledge at the present time:
Your browser may not establish a direct connection to the servers of the aforementioned services until you click on the links. This means that the information that you have visited our website is indirectly (referrer) forwarded to these services. If you are already logged in to the service with your personal user account during your visit to our website, you can usually click on the social media buttons to “share” the content or leave a comment, etc. If you do not wish any such data transfer, we advise against clicking on the social media buttons.
The purpose and scope of data collection by social media services, as well as the further processing and use of your data there and your rights and options for setting your privacy preferences can be found in the privacy policies for these services.
We have included YouTube videos in our online services, which are stored at https://www.YouTube.com and can be played directly from our website. These are all included in “privacy-enhanced mode”, which means that no data about you as a user will be transferred to YouTube, unless you play the videos. Only when you play the videos, the data mentioned in section 6 (except for the amount of data transferred) will be communicated. We have no influence on this data transmission.
By visiting the website, YouTube receives the information that you have accessed the corresponding subpage of our website. In addition, the data mentioned under section 6 are transmitted (except for the amount of data transmitted). This occurs regardless of whether YouTube provides a user account that you are logged in to, or whether no user account exists. When you’re logged in to Google, your information will be directly associated with your account. If you do not want your profile to be associated with YouTube, you must log out before activating the button. YouTube stores your data as a user profile and uses them for the purposes of advertising, market research and/or the design of its website to meet your needs. Such evaluation is carried out in particular (even for users who are not logged in) in order to provide demand-oriented advertising and to inform other users of the social network about your activities on our website. You have the right to object to the creation of these user profiles, and you must contact YouTube to exercise this right.
This website uses the services of Google Maps. This allows us to display interactive maps directly on the website and enables you to conveniently use the map function.
When you visit the website, Google receives the information that you have accessed the corresponding sub-page of our website. The data listed in the section “Processing of data on the website/application and legal basis for processing” are transferred as well. This happens regardless of whether Google provides a user account that you are logged in with or whether no user account exists. If you are logged in to Google, your information will be directly associated with your account. If you do not wish to be associated with your profile on Google, you must log out before activating the button. Google stores your data as user profiles and uses them for purposes of advertising, market research and/or customising the design of its website. Such analysis takes place in particular (even for users who are not logged in) to provide customised advertising and to inform other users of the social media network about your activities on our website. You have the right to object to the creation of these user profiles, but to do so you must contact Google.
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