HSBC Exec Warns ‘Digital Islands’ Could Inhibit Blockchain Trade
Blockchains should do for the global value chain what shipping containers did for transport of goods, says HSBC trade finance expert Vinay Mendonca.
Supply chain fintech startup Tradeshift, which boasts two million firms on its platform, says it's slashed the cost of cross-border transactions between buyers and suppliers using the public ethereum blockchain.
IKEA Iceland has taken part in a commercial transaction using ethereum smart contracts and EU-licensed blockchain e-cash to settle an order.
Tradeshift wants the Danish government to try out a supply-chain relief plan that involves the fintech unicorn's blockchain-based trade finance platform.
Trade finance DLT platform we.trade is seeking partnerships with other networks, with TradeLens and Tradeshift as prime candidates.
MakerDAO is partnering with Tradeshift to test how its stablecoin DAI can help to speed up the payment process for small businesses.