What problem does ELONGRAB solve?

1. Avoiding Delays. With Elongrab, documents and payments are exchanged, reviewed, and approved immediately between the parties involved;

2. Building Trust. The Ethereum blockchain is the basis of Elongrab, a decentralized peer-to-peer network backed by thousands of people;

3. Fraud Reduction. By requiring public proof that payment and/or escrow have been completed, Elongrab minimizes fraud risks and, in many cases, eliminates them altogether;

4. Reducing Costs. It’ll be significantly cheaper to use Elongrab compared to the high fees charged by banks, brokers, agents, lines, ports, customs, couriers, insurers, etc.;

5. Information Security. Elongrab makes use of the proven blockchain hashing algorithm. The transaction details can still be made public, despite the fact that it is confidential;

6. Keeping your data safe. You can store all historical transactions conducted over the course of the past several years with Elongrab, so you never have to worry about destroying or losing paper documents while at the same time being able to search and review past records;

7. Flexibility is key. With Elongrab, the parties can choose their own terms and can easily adapt them based on their own preferences.