Tradeshift has formed a partnership with cloud-based commerce platform Tradeshift in a bid to create a digital trade finance solution that does not use blockchain. The technology is built into the physical supply chain process to enable a seamless experience that works in real-time, using a centralised cloud ledger. The two firms did debate building blockchain into the solution, but ultimately realised it didn't require a distributed ledger. "Tradeshift is essentially like a centralised cloud ledger for all of our customers. To enable that on a peer to peer ledger is almost trivial, to be frank," said Tradeshift CEO Christian Lanng.
HSBC has formed a partnership with cloud-based commerce platform Tradeshift in a bid to create a digital trade finance solution that does not use blockchain. The technology is built into the physical supply chain process to enable a seamless experience that works in real-time, using a centralised cloud ledger. The two firms did debate building blockchain into the solution, but ultimately realised it didn't require a distributed ledger. "Tradeshift is essentially like a centralised cloud ledger for all of our customers. To enable that on a peer to peer ledger is almost trivial, to be frank," said Tradeshift CEO Christian Lanng.