Test program will provide regulatory clarity on the company’s smart contract settlement solution, which enables cross-border trade between small- and medium sized enterprises (SME)
Press release by ZTLment, Copenhagen 2021–04–22
ZTLment, a fintech company enabling cross-border trade between SMEs via programmable money, announces that it joins the regulatory sandbox of the Danish Financial Supervisory Authority (Danish FSA) as the first company in 2021.
A new way of doing settlements
Towards summer a test program will provide regulatory clarity on the company’s smart contract settlement solution.
”The use of blockchain and smart contracts have the potential to change the way in which payments are settled, by providing a more flexible and automatic alternative to existing solutions. The Danish FSA is committed to exploring the potential…
A detailed overview of our most recent pilot
By Tradeshift Frontiers and Monerium, originally posted on the Tradeshift Frontiers Content Hub.
On Tuesday, December 10th 2019, the world’s first cross-border Euro transaction took place on the permissionless blockchain Ethereum. Twenty-four hours later a second Euro transaction went through via a domestic transfer.
Both transfers were initiated and settled automatically via so called ‘smart contract’ technology. In this post we describe the informational business workflow executed on Tradeshift and the corresponding financial settlement workflow executed on the blockchain Ethereum.
If you haven’t already, we recommend reading our first post before diving in.
Connecting the business document workflow with financial settlement through smart contracts
The illustration below details the end-to-end workflow…
A small step towards reducing PAIN (industry shorthand for Payment Instruction), but a big leap towards generating value through new business models on top of smart contracts
By Tradeshift Frontiers and Monerium, originally posted on the Tradeshift Frontiers Content Hub.
On Tuesday, December 10th 2019, the world’s first cross-border Euro transaction took place on the permissionless blockchain Ethereum. Twenty four hours later a second Euro transaction went through via a domestic transfer.
Both transfers were initiated and settled automatically using ‘smart contract’ technology in three steps.
- A standard Tradeshift workflow was executed (issuing purchase orders and receiving invoices), which led to an accepted invoice.
- An integration layer (new and developed by Tradeshift Frontiers) captured and turned the accepted invoice into ‘FlowTokens’. …
The world’s largest blockchain conference, Consensus, was boring this year compared to last. And that is a good thing. Why? Because last year had too much Lambo¹ culture of get-rich-quick— at least for our taste.
At Tradeshift Frontiers, we describe blockchain as ‘open banking on steroids’. We say this because it allows anyone to interact with any type of digital assets. This is something no bank offers today — and likely will never be able to offer.
However, just because anyone is able to interact with public distributed ledgers and the digital assets that live on them, it doesn’t mean that every company has the appetite or knowhow to do so.
We therefore see it as our job in Tradeshift Frontiers to build solutions and business models that makes it easy for small and large…
Mads Stolberg-Larsen
Head of Fintech and Blockchain @Tradeshift Frontiers. Currently living in London. Enjoy windsurfing in my spare time.
