Accenture, with its brand name in digital technology, has turned towards blockchain to enhance global trade experience for its customers. The company has partnered with the Dublin-based distributed ledger technology company TradeIX as per a Tuesday announcement.
The current trade finance process involves a lot of paperwork and is tedious to do. TradeIX plans to digitize this manual process and Accenture could provide ERP solutions for this cause. “Our goal is to scale this capability to help organizations achieve touchless payable and receivable processes within a secure and trusted environment — ultimately transforming how they conduct business with each other,” says Accenture’s Blockchain Services MD.