Hijro unveiled it’s F.I.X (Flexible Interchain Exchange) solution as they took the stage at Distributed Trade and performed a live demo to an interested crowd of onlookers.
F.I.X, is a truly agnostic blockchain platform allowing assets to simultaneously interoperate on multiple networks.
Learn more at http://hijro.com/fix.html
LEXINGTON, KY, March 29th, 2017 — Fintech company Hijro, the financial operating network for global trade, announces a partnership with SAP Ariba to be an inventory provider of trade assets to the Hijro Asset Distribution Network built on Blockchain technology. This announcement also marks the opening of the Hijro Trade Finance Beta application for suppliers in the United States. During the recent Ariba Live 2017 event in Las Vegas, SAP Ariba discussed plans to utilize Blockchain technology across its business network and software solutions to improve processes, connect disparate systems, and add valuable applications to its customers.
“A partnership with SAP Ariba means connectivity into one of the most powerful business networks in the world.” Lamar Wilson, CEO of Hijro. “By connecting this network to the Asset Distribution Network, the first suppliers will have access to working capital through the Hijro…
Today Hijro joins SAP Ariba onstage at Ariba live 2017 for a discussion session regarding the opportunities in trade utilizing Blockchain or Distributed Ledger Technology (DLT). Blockchain and DLT have been discussed across the Ariba Live event in 2017 as having the potential to disrupt and reimagine trade and supply chain networks around the globe.
CEO Lamar Wilson will represent Hijro on the panel “SAP Ariba Solution Strategy: Blockchain for Business-to-Business, Expert Panel”. This panel will investigate the potential of DLT to connect and improve global trade platforms by doing the following: provide transparency and tracking of goods, increase visibility into the ownership of trade assets, streamline settlement and reconciliation, connect previously silo’d technology platforms, and merge the physical and financial supply chains. …
And we would like to reintroduce ourselves as Hijro [/ˈhīdrō/] by presenting thoughts on the past and how they have shaped our vision of the future
Throughout the tides of history, the rise and fall of great nations, and the rapid acceleration of globalization, the single most important factor contributing to the continued prosperity of chosen locations in the world was a connection to waterways. The most prominent economic hubs have always had open access to ports on rivers and oceans, which supported the flow of goods, people, new ideas, and technology.
Civilization was conceived in the cultural and economic hotbed of Mesopotamia, fed by tributaries flowing into the Tigris and the Euphrates and finally emptying into the Persian Gulf. New York at the intersection of the Hudson and the Atlantic, London and the Thames River, Hong Kong and the South China Sea are a natural continuation of these trends that began even before records existed. These waterways are the lifeblood of our economy, and our global ports provide vital access to the resources that fuel growth and prosperity. …
CHICAGO, IL, November 3rd, 2016 — Fintech company Fluent, the financial operating network for global trade, wins the BAFT Solutions Showcase focused on solving major problems in international trade. Fluent competed with IBM, Newgen Software, and LiquidX/Broadridge Financial in front of a panel of expert judges, earning opportunities to present at future International Trade Conferences.
Fluent competed in front of 200+ trade professionals to solve the question, “How to identify a ‘real’ receivable and perfect interest in that receivable?”. Fluent won both the Judges’ Choice and the Audience Choice award, as voted on by a panel of trade experts and attendees at the conference respectively., Fluent competed against other solution providers including IBM, Newgen Software, and LiquidX/Broadridge Financial to win opportunities to present at the Europe Bank to Bank Forum in Madrid, January 16–18th, 2017, and the Global Annual Meeting — The Americas in Miami, April 30th- May 3rd, 2017. …
By Tommy D’antonio, Analyst at Fluent
Beyond creating a better product, boosting sales, or coming up with the next viral marketing campaign, effectively managing your company’s cash conversion cycle is a surefire way to improve your bottom line. Small improvements in the cash conversion cycle can have profound effects on working capital and profitability. To illustrate these effects, consider the following two examples:
Suburban Outfitters (SO) is a clothing company with sales of roughly $3.5B and a gross profit margin of 35%. On average, it takes SO 19 days to pay its suppliers, a metric known as days of payables outstanding or DPO. Compared to the retail apparel industry average of 33 days, SO pays its suppliers much more quickly. A modest increase in the days of payables outstanding from 19 days to 26 days would increase the amount of cash SO has on hand by over $45M! With a (conservative) cost of capital of 10%, that’s worth $4.5M …
Because of high demand we are posting part 2 below.
COO of Fluent, David Sutter, spoke to a group of executives at the Cintrifuse co-working space in Cincinnati, OH this Spring. Due to popular demand we are releasing part 2 of the Blockchain 101 presentation. You can watch part one HERE.
Ex-PrimeRevenue co-founder Dan Juliano and trade finance thought leader Anthony Brown join Fluent
NEW YORK, NY, September 15th, 2016 — Fintech company Fluent, the financial operating network for global commerce, announced Dan Juliano, ex-Senior Vice President of Business Development and Co-founder of PrimeRevenue, and Anthony Brown, Founder of the Trade Advisory, have joined the board of advisors. …
Originally Published on gtreview.com
This weekly four-part series serves as a guide to blockchain for trade finance. Fluent Network founders, Lamar Wilson and Casey Lawlor, provide GTR readers an overview of how blockchain technology provides transparency, streamlines asset transfer and lowers the operating costs of global trade finance programmes for all relevant parties. Follow the links for Part 1, Part 2, and Part 3.
Part 4: Increasing transparency, trust and adoption — the positive feedback loop
In part 3 we discussed the benefits of connecting parties in trade finance and distributing transaction information amongst network participants to reduce risk. Equally as important is distributing vital information about the participants themselves. Financial institutions engaged in trade finance collect as much information as possible about companies requesting financing to aid in credit analysis and trade readiness validation. Blockchain technology excels in this area by offering a vast improvement in transparency and aligns incentives to create a positive feedback loop benefiting participants in global supply chains. …
Originally Published on gtreview.com
This weekly four-part series serves as a guide to blockchain for trade finance. Fluent Network’s founders Lamar Wilson and Casey Lawlor provide GTR readers an overview of how blockchain technology provides transparency, streamlines asset transfer and lowers the operating costs of global trade finance programmes for all relevant parties. Follow the links for part 1 and part 2.
Part 3: Reducing risk with distributed ledger technology
In our last article, we talked about connecting parties to decrease operating costs and creating a framework for automation in trade finance. Equally important is the reduction of risk that comes from connecting traditionally siloed parties on a distributed database and including information about invoices, approvals and previous financing transactions to lenders. Sharing and verifying information amongst participants in trade finance can drastically reduce opportunities for fraud. …