Tradeshift, the unicorn startup, previously announced they’re getting into blockchain for
trade finance. Ledger Insights spoke to CTO and co-founder Gert Sylvest who heads up Tradeshift Frontiers, the division that explores new technologies. The plans are novel in several ways. For example, suppliers don’t need credit ratings. But perhaps the most surprising is they want to use a public blockchain.
To date, the majority of the company’s business has been in managing supply chains for big buyers like DHL, Fujitsu, and Unilever. And supply chain financing is integrated into their centralized platform.
In May the company announced a
$250 million Series E financing led by Goldman Sachs at a value of $1.1 billion. The volume going through the platform is approaching half a trillion dollars.
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