Tradeshift has announced the official launch of Tradeshift Frontiers.
Frontiers is an innovation lab and incubator directed at exploring and transforming business networks, supply chains, and global trade through the application of emerging technologies such as artificial intelligence, distributed ledgers and the Internet of Things. Frontiers will also engage in business development enhancing partnerships to drive commercial goals.
Gert Sylvest, Co-Founder and General Manager Frontiers, Tradeshift, said “our goal is simple and singular: To significantly impact B2B commerce and global supply chains in the next 5 years. We will leverage emerging technologies to make trade more inclusive, empowering, transparent and sustainable.”
Many tech companies have R&D labs and centers with closed doors. Tradeshift has structured its lab to encourage knowledge sharing that is global and distributed in nature - and open to partners across all walks of life, Sylvest explained. Tradeshift's open network and ecosystem-oriented philosophy is essential for this endeavour.
Sylvest continued “with Frontiers, we aim to bring the transformative potential of these technologies into the hands of every company in the network, no matter their size or role in the supply chain. That also means unlocking greater value for small businesses and their trading partners to bring them on equal footing with the companies that dominate the digital supply chains today.”
Blockchain is among the first focus areas for the Frontiers lab initiative. Last October, Tradeshift joined the Hyperledger project as a governing member. The collaboration will bridge blockchains to the Tradeshift platform and help drive industry-wide impact.
In commerce, every interaction between trading parties is subject to questions about trust and transparency. Blockchains, in essence, enable new incentive models to collaborate across the supply chain.
“The user cases we’re working through Frontiers cover a very wide variety of themes, including supply chain financing, asset liquidity, and supply chain transparency. There is so much more potential than just cryptocurrencies” Sylvest said.
In the coming months, expect to see prototypes, apps, and services that highlight the potential of the future Tradeshift platform.
For more information on Tradeshift visit https://sharespace.digital/supplier/tradeshift
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