The lack of experience in this field slows down adoption indeed, you’re right.
However, I never meant that the blockchain-based marketplace would also be the database for such data (which would not make sense): what is hard in this case is to solve the trust issue at the initiation of the marketplace.
I hope it clarifies!
Counter-intuitively, I have met with numerous CFOs ready to share their finance data in order to get better insights into their cash flow forecast, credit management, etc.
And before the technology era we live in, credit managers gathers and shared their data in “credit circles”, although these too had strong limitations…
Hi Mathieu, I think you only saw the well-publicized initiatives, and I agree that most of these do not represent real innovation. Fortunately, a circle of real innovators has been working in the background too, since 2014–2015 in the case of blockchain applications in B2B trade and related financial services, but did not need much publicity so far.
Hi Mathieu, currently there is no trade credit parametric insurance solution. Trade credit insurance solutions rely on heavy indemnification processes and costs — turning them into parametric solutions would change that. These parametric solutions could be managed with smart contracts (as well as with centralized approaches, I don’t deny it)