 A new project from Tradeshift’s digital incubation unit, Frontiers, has used blockchain technology to turn invoices from dumb paper to well-specified digital assets which can be traded. Using that in combination with smart contracts, banks can use invoices from global enterprises as collateral to finance suppliers down into tier 2 and tier 3 of international supply chains. The first ‘live’ invoice was settled through a Smart Contract and licensed digital cash in September 2019 and now Tradeshift expects the concept to impact supplier finance as early as next year. Working Capital Forum director Mike Hewitt spoke to Mads Stolberg-Larsen, blockchain specialist at Tradeshift, and Parvaiz Dalal of Citi to find out more in this exclusive webinar, which you can view on demand.
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