Kinstellar has helped CSOB to launch the we.trade finance platform in the Czech Republic.
According to Kinstellar, “built on the IBM Blockchain Platform and powered by Hyperledger Fabric, the we.trade blockchain platform offers customers access to a simple user-interface, leveraging innovative smart contracts and opens up potential new trading opportunities. It uses blockchain technology to seamlessly connect buyers, sellers, banks, and shippers involved in a trade, and to digitalize the whole process from order creation to payment execution. The service thus requires less paperwork and is completely traceable, which makes trading on the platform transparent and immune to fraud.”
The we.trade platform is now available in 14 countries across Europe.
Kinstellar’s team included Counsel Martina Brezinova and Junior Associate Jakub Stastny.