Read Watch

Tradeshift Turns to Blockchain to Address Late Payment Problem

{{article.creator.firstname}} {{article.creator.lastname}}
Editor Coda
May 25, 2018

It would seem that start-ups are taking full advantage of the technology blockchain, and it’s potential offerings. 

Tradeshift, a leading player in supply-chain payments and marketplaces, has announced a service this week which enables blockchain-based finance, or writing all transactions to a public ledger in order to create transparency and securing a record.

Christian Lanng, CEO and Co-Founder at Tradeshift, said “while this doesn’t involve the use of currencies like actual Bitcoin or Ethereum, having the transactions on a public ledger ensures full transparency and the ability for companies to prove that they have legit transactions.”

In essence, Tradeshift’s cloud platform will bring supply-chain payments, supply-chain finance and blockchain-based early payments together into one unified end-to-end solution, called Tradeshift Pay.

They are setting their sights on a $9 trillion problem, which is the capital trapped in accounts receivable as a result of old-fashioned payment practices and the disconnection between large business buyers and their suppliers.

This solution could be a boon for small suppliers that find it hard to get paid when their invoices aren’t mapped to a ledger as strong as a blockchain.

With this single unified wallet, buyers can use several payment options, including virtual card payments of invoices and purchase orders, dynamic discounting, supply-chain finance through bank partners or blockchain-based payments.


For more information on Tradeshift visit 

To find out more about blockchain you can read this short article Bursting the Blockchain Bubble

To read this article you have to be registered.

Become a member to access all content and / or download it