In recent news, world first invoice settled using smart contracts. Using Tradeshift’s platform and smarts contracts on the Ethereum blockchain, IKEA Iceland settled an e-invoice with Monerium’s programmable digital cash.
Also, with this transaction Monerium and Tradeshift proves government-regulated, programmable e-money is ready for mainstream markets.
World First Invoice Comes In Line
Furthermore, the transaction is in line with the recent predictions, Gartner predicts that blockchain and smart contracts will have transformative impact on a 2-5 year horizon. Also IMF foresees blockchain-based forms of e-money enabling “seamless payment of automated transactions”.
Also connecting the information flow on Tradeshift with licensed e-money on blockchain creates an ideal foundation for programmable financial services.
Tradeshift drives supply chain innovation for the digitally connected economy. As the leader in supply chain payments and marketplaces, the company helps buyers and suppliers digitize all their trade transactions, collaborate on every process, and connect with any supply chain app.
Also more than 1.5 million companies across 190 countries trust Tradeshift to process over half a trillion USD in transaction value. This making it the largest global business network for buying and selling. Discover commerce for all at tradeshift.com.
Monerium is a financial technology company with the mission of making digital currency accessible, secure, and simple to transact. Monerium is the first and only company authorized to issue regulated e-money on blockchains.
In addition to using e-money issued by Monerium, individuals and businesses can store and send programmable digital currency online, without going through traditional financial institutions and payment providers. More information can be found at monerium.com.