AION Validates Trade Finance Market Innovation Through Successful POC with POSCO International
CaramelBay, the operating company of the PIBBLE project, successfully completed a POC (Proof of Concept) with global enterprise POSCO International for its AI-powered trade finance platform AION.
Verification Results and Achievements
POSCO International, with over $23 billion in annual global trade volume, required solutions to address workflow delays caused by repetitive errors in thousands of annual Bill of Lading (B/L) documents.
Through this POC, AION achieved the following results:
- Operational Efficiency: Reduced processing time from hours to minutes
- Accuracy: Implemented over 95% document verification accuracy
- Risk Management: Verified hedging functions to minimize payment rejection risks
Technical Foundation
The PIBBLE project has built verified platforms in both B2C social platforms and B2B business solutions based on blockchain and AI technologies. This technological ecosystem stability led to the development of AION’s trade-specialized Vertical AI, resulting in perfect implementation of L/C (Letter of Credit) analysis and comprehensive shipping document consistency review for POSCO International’s Dubai branch.
Future Plans
Based on the successful POC with POSCO International, CaramelBay plans to conduct additional POCs across various categories in the trade market, including mid-sized and small enterprises. Upon completion of verification, the company plans to proceed with full commercialization of AION services through proactive business activities based on global regional partnerships.
CaramelBay CEO Lee Bo-ram stated, “AION, developed based on the AI and blockchain technological capabilities accumulated through the PIBBLE project over many years, has gained substantial recognition in the global trade market. This successful case of efficiently managing complex trade finance processes for large global enterprises will positively influence similar global companies’ decisions to adopt AION.”
Thank you.
