  The objective of this paper is to investigate a more efficient cross-border
payment and document handling process for the export of Indian goods to Brazil.
The paper is structured into two sections: first, to explain the problems
unique to the India-Brazil international trade corridor by highlighting the
obstacles of compliance, speed, and payments; and second, to propose a digital
solution for India-brazil trade utilizing Supernets, focusing on the use case
of Indian exports. The solution assumes that stakeholders will be onboarded as
permissioned actors (i.e. nodes) on a Polygon Supernet. By engaging trade and
banking stakeholders, we ensure that the digital solution results in export
benefits for Indian exporters, and a lawful channel to receive hard currency
payments. The involvement of Brazilian and Indian banks ensures that Letter of
Credit (LC) processing time and document handling occur at the speed of
blockchain technology. The ultimate goal is to achieve faster settlement and
negotiation period while maintaining a regulatory-compliant outcome, so that
the end result is faster and easier, yet otherwise identical to the real-world
process in terms of export benefits and compliance.
