Blockchain was once an in-phrase for people who fancied themselves as tech wonks, but it's made its way into every form of business in the last year or so, and 'Tradeshift Pay' is a new service that makes use of blockchain technology to improve supply chain management for B2B transactions. The service both improves trust and transparency while speeding up the payment model to improve business as a whole.
For small suppliers, receiving payments from larger clients can be tricky business. And, on the other side of the spectrum, larger businesses can't always be confident in the legitimacy of the smaller businesses that they work with. Tradeshift Pay uses a blockchain ledger to ensure that all parties' payments are on the up and up.
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