Tradeshift Frontiers: An Innovation Lab to Transform Global Supply Chains
Tradeshift, a procure-to-pay supply chain management platform for SMBs and enterprises, announced Tradeshift Frontiers, an innovation lab and incubator focused on transforming supply chains through emerging technologies such as distributed ledgers, artificial intelligence, and the Internet of Things. The lab will explore various use cases, including supply chain financing, asset liquidity, and supply chain transparency. Tradeshift aims to differentiate itself through an open-source ethos, providing developers with access to its aggregate open-source data, the ability to build third-party applications on its platform, and sponsorship for published research. The accelerator arm will include investments from Tradeshift and its ecosystem partners, joint ventures, and licensing models.
Tradeshift’s CEO, Christian Lanng, highlights the potential of its vast data set to improve parallel decision-making in machine learning. The open-source approach is seen as beneficial for both industry innovation and Tradeshift’s business model, fostering greater loyalty and brand alignment. Tradeshift’s data transparency and platform development capabilities contrast with competitors like SAP. Access to open-source data and the ability to develop third-party apps could significantly impact the global supply chain’s efficiency and sustainability. The company’s involvement with Hyperledger and its history with open-source development underscore its commitment to collaborative innovation.
