LEADERSHIP
who want to reject the Amazon approach and manage their own marketplace , buying into the full platform edition , connecting everything from sourceto-pay . “ As well as a platform where banks can deploy their own existing applications inside of their supply chain , they can utilise one of our 300 apps to link with everything from direct materials and forecasting to
COMPANY INFO Unlocking the tech chain
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Tradeshift aims to lower the barriers enabling companies to participate with emerging technologies while increasing transparency to improve financing options . To that end , it created a product called Tradeshift Cash as a value proposition for SMEs . They might have good relationships and deliver to large customers but they still struggle with financing . “ The idea was simple ,” explains Sylvest . “ With transactions digitised , we put them on the blockchain and tokenise them . Sending off an invoice in a thousand small invoice coins and then make financiers compete for access to those coins . The seller gets paid on day one , while financiers get easy access to a volume of receivables largely in paper-based form . But we could offer it digitally and then push down the price over time for the access to this kind of financing .” To take the concept a stage further Tradeshift is currently developing a wallet capable of holding digital assets that are part of a trade , as well as money .
MAY 2019