EXPORT
The cloth travels easily. The payment does not.
Indonesian batik exports reached USD 30.62 million in 2025, up 13.03 percent on the year before, with the United States, Japan, South Korea, France and the wider European market leading demand. For a small exporter the constraint is rarely the buyer. It is settlement.
Where cross-border payment breaks down
- Correspondent banks in the chain deduct fees the sender never selected and cannot see in advance, so the amount arriving is smaller than the amount agreed.
- A single wrong digit in a SWIFT or IBAN field delays a transfer for days or returns it outright, with further charges on the way back.
- Currency movement between invoice and settlement is carried by whoever is least able to hedge it, which for a small exporter is the exporter.
- Buyer and seller have no shared record of the transaction, so a dispute becomes an exchange of screenshots.
Documented in Indonesian SME export guidance and payments industry material.
Why Canton Network
- A unique physical object maps cleanly onto a contract. One length of batik, one region, one buyer, one record, rather than a fungible balance.
- Provenance and payment settle together, so a buyer abroad receives the record of origin and the transfer of title in the same transaction.
- Contract data reaches only the parties named on it, so buyer identity, price, and our sourcing relationships stay between the parties rather than sitting on a public ledger for competitors to read.
- Settlement finality removes the correspondent chain that erodes the amount and the timeline.
In development. We are applying to operate a Canton Network validator to build and run this ourselves.