DHL to Partner with Blockchain Finance Platform TradeIX

DHL to Partner with Blockchain Finance Platform TradeIX

DHL announced today that they would be partnering with the blockchain trade finance company TradeIX, according to the presentation on June 5 at the Money 20/20 Amsterdam conference.

The Vice President of Commercial at DHL Supply Chain, Becky Taylor, stated that they have been looking to create more efficient networks as a way to track products through their entire lifespan.

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CFO of TradeIX, Daniel Cotti stated that the current lack of standards within the trade finance market creates a disconnect with current trade systems which doesn’t exactly provide a reliable process. Many times these antiquated processes are manual, costly, tedious, redundant, and error prone.

With the use of blockchain technology, trade systems can be more automated, lightweight, transparent, and error free. The TradeIX platform will allow DHL to embed multiple fund and risk mitigation options into their current system.

In similar news, FedEx announced that their new blockchain system is the next frontier for global supply chains.

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