ON the 6th day of July 2018, the Daily stablecoin made a prominent move by partnering with tradeshift, a platform which provides supply chain payments and markets for over 1.5 million companies in more than 190 countries all over the world. The new collaboration between these two, aims to promote payments through a decentralised marketplace using the Dai stablecoin.
It also aims to pilot business plans to a greater height and as well allowing them to access capital while bringing opportunities to investors where they can buy into trade financing through tokenized invoices.
Rune Christensen, MakerDao’s founder, in his speech revealed the major driving force behind this partnership:
“Our partnership with Tradeshift proves the potential of the blockchain to level the economic playing field for businesses of all sizes around the globe. At the same time, we’re delivering new options for investors by creating an entirely new class of investment vehicles with vetted risk, based on real-world assets.”
Currently, tradeshift is carrying out beta testing on the supply chain liquidity market using MakerDao’s DAI credit system called the Tradeshift Cash App.
The DAI credit system is unique in its quality because it is a transparent and stable token that allows anyone to represent real-world currency settlements on the blockchain. With this partnership, funding supply chain loans for small to medium-sized businesses could easily be achieved by developers and investors.
DAI project was recently launched in the year 2017 on the ethereum blockchain using its smartsmart contract. Automatically, making it an Erc-20 token. Although the new technology has seen a lot of critiques over the past few month it has been in existence. But the team believes that this partnership will definitely help accelerate its progress to a higher level