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 Et7282 2013

Et7282 2013-2025 Form

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[Music] hi guys oh sorry so my name ISO batti and today I'm going to introduce you to multilateral Trade Credit set off in MPC which is an application of MPC and this is a work joined with my colleagues and researcher Nam and masato which are also part of the PSC team inside theum foundation so let's jump into that first of all I want to introduce you the concept of a payment Network so as you can see here the payment Network involves three firms each firm as a balance and each arrow in this graph represent an obligation like some amount of money that a firm owes to another and the problem of this payment network is that they are kind of stuck because each firm given their balance they cannot pay another firm so for example firm one cannot pay firm two because they are waiting firm three to pay thems and the same goes for the other two firms and apparently the only way to solve this problem is to use uh external liquidity which we know that is expensive but actually the

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