How Fluent Wants to Streamline Financial Supply Chains With a Blockchain
As blockchain fever is taking hold of prominent financial industry firms around the globe, two men from Kentucky believe to have found the key to rewire international supply chain infrastructure. Fluent cofounders Lamar Wilson (CEO and developer) and Lafe Taylor (CDO) recently unveiled the Fluent Network, a blockchain-based financial operating network to....
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It is worth noting Fluent has been active in worlds of fintech and blockchain technology for a long time, which explains their vision of supporting disruptive companies with distributed ledger technology. Plenty of startups around the world are trying to leverage blockchain technology and bring it to different industries all over the world. Fluent, a US-based company, announced their successful US$1.62m round of seed funding. Not too many people had heard about Fluent before today, although the US-based startup has been focusing on blockchain technology. Despite flying under the radar for....
Fluent has partnered with credit insurance provider and Allianz subsidiary Euler Hermes. Announced today, the blockchain startup used its speaking slot at Money2020 to formally unveil the partnership, as well as demonstrate how users of its trade finance platform can fund trades, settle payments and access receivables. More ambitious than some distributed ledger projects, Fluent has built its own blockchain technology and business-to-business marketplace for trade finance called the Fluent Trade Asset Marketplace. With the news, Fluent will now leverage its new partner's API to deliver....
An economic development firm owned by the city of Kouvola in Finland has received €2.4m to help pay for a project designed to streamline the supply chain using blockchain. To be dispersed over a three-year period, the money from Kouvola Innovation will be used in part to connect various enterprise resource planning (ERP) tools used by the trucking industry, warehousing industry and freight operating industry to manage their supply chains. While talk of streamlining supply chains by creating a single immutable record of products is increasingly common, this effort is different in that it....
A blockchain startup dedicated to supply chain applications has raised $1.65m in new seed funding. Fluent, which last year raised roughly $850k from a group of investors that included mass media corporation Thomson Reuters and Silicon Valley VC fund Draper Associates, is one of several startups in the blockchain space today working on supply chain applications. The round was led by ff Venture Capital, a New York-based venture firm with a portfolio that also includes Indiegogo. Crosscut Ventures, Digital Currency Group, Draper Associates, Fenbushi Capital, Lindbergh Tech Fund and the St.....
Supply chain projects like OriginTrail, Waltonchain and Wabi have rallied in excess of 250% as blockchain interoperability comes into focus. Over the last few weeks, blockchain projects focused on supply chains and logistics have seen tremendous growth as the coronavirus-induced economic gridlock begins to loosen and future concerns related to the global pandemic subside. Three logistics projects that have benefited from the improving economic outlook are OriginTrail (TRAC), Waltonchain (WTC) and Wabi (WABI). Since early February, each has seen its token price increase by up to....