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Kinstellar Helps CSOB Launch Blockchain Trade Finance Platform in the Czech Republic

Kinstellar Helps CSOB Launch Blockchain Trade Finance Platform in the Czech Republic

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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.

Czech Republic Knowledge Partner

JŠK, advokátní kancelář, s.r.o. (JŠK) is a medium-sized law firm based in Prague providing a comprehensive range of commercial legal advisory services in the Czech Republic. Our team consists of almost 30 lawyers, five of whom are partners with many years of experience from leading international law firms. We advise local and international clients from banking, insurance and various industry sectors, boast a respected projects practice, and work for the public sector at the federal and municipal level.

Ever since it was founded in 2004, JŠK has striven for the epitome of professionalism, expertise and ethical integrity. We continuously seek to surpass what large global law firms can offer and to give our clients a personal approach. All mandates are equally important to us regardless of size as we guide clients through both complex and seemingly routine matters.

Our clients turn to us for advice when implementing their business plans across all areas of commercial law. We are proud members of PONTES: the CEE lawyers, a unique network of law firms through which we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz

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