Skip to main content

Goldman Sachs-Backed Tradeshift Eyes Blockchain After Successful $250 Mln Funding Round



Cloud-based supply chain company Tradeshift said it would push blockchain development with cash it received from its latest funding round Wednesday, May 30.

The Series E round, which included Goldman Sachs among its major contributors, was worth $250 mln, bringing the total investment funding to over $400 mln.

Identifying key areas for growth, Tradeshift noted both blockchain and artificial intelligence, which it will pursue via its Frontiers innovation lab which it launched in January this year.

"We have always believed that the future of supply chains is 100 percent digital and that connecting trade is just the first step to a digitally connected economy," Tradeshift CEO and co-founder Christian Lanng said in an accompanying press release, continuing:

"This investment will enable us to continue our rapid growth and consolidate our leadership position. We welcome Goldman Sachs and PSP Investments as our newest investors and look forward to their valuable contributions as we enter our next growth phase."

The move paves the way for further integration of blockchain technology into the trade supply chain industry, something which various major corporations, banks and governments are already examining.

Goldman Sachs' investment choice is also pertinent, coming at a time when the conglomerate is seeking to enhance both its blockchain and cryptocurrency exposure. Earlier this month, an executive appeared to confirm Goldman would soon launch Bitcoin futures and subsequently offer more direct investment options.

Comments

Post a Comment

Popular posts from this blog

The Bitquence Liquidity Network

CryptoCurrency is gaining popularity, however with Bitcoin very user-unfriendly mass adoption is not coming. The Bitquence Platform is aiming to replace Bitcoin with it's many disadvantages with something better. A currency for the people. More and better usability, A wallet which is universal and support several coins, like Bitcoin but also Dash and Ethereum. Please read along to get the latest information about this project which can grow very large. Collection of abnormal pockets programs, With automated sources that oversee a large number of wallets for each and every of your financial paperwork making it exhausting to do. International Cryptocurrencies lately stay on experiencing an especially noteworthy increment, impulsively reaching colossal valuations. The have an effect on at the present economic system modified the psyches of people to take after enhancements within the time of Cryptocurrency. Virtual kinds of cash and blockchain innovation are lat...
Post a Comment
Read more

BOScoin | Self-Evolving Cryptocurrency Platform

Well, what is BOScoin? BOScoin is a new virtual currency from a South Korean Fintech startup Blockchain OS. And unlike the existing virtual currencies, BOScoin is a new digital currency which also happens to be based on a blockchain. However, according to the company's experts it has a higher transactional speed which will go up to about 1000 transactions per second that is in line with the credit card processing speed. Its platform has been presented in both London and Berlin by Blockchain OS where they have been answering the questions of many with interests in the fields of design, technical, architecture, and governance. BOScoin is designed as a platform for a self-evolving crypto currency as an upgraded and much better version of both the Etherum and Bitcoin. BOScoin is however built to assist in trust contracts that usually provide a more approachable framework for creation and execution of blockchain contracts. Trust contracts are those secure and executable contracts tha...
Post a Comment
Read more

PRO Commerce - Coin Back Rewards

A new and promising project is the upcoming PRO Commerce Project. In essence the project is about getting Rebates and Crypto currencies into 1 platform. Something which is not new, because the INCENT project is also about that, however the PRO project has a different approach in achieving their goals. Their platform will be the main field where the project and business model should excel and make the project a success. The platform The goal of the PRO Platform is to create awareness and engagement, something which by just offering rebates is not sufficient, however holding PRO makes the user also an spectator and the team behind Pro believes this will make a difference in the way users will be committed and engaged in the project. By holding the coins they will eventually use the coins to speculate and use it. The app within the platform itself consist of 4 main components which according to the team will add a tremendous value to any business, making it the main app to use in compar...
Post a Comment
Read more