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Blockchain-based InstaSupply joins Sweetbridge Alliance Network for supply chain liquidity

Tony Zerucha

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Sweetbridge Alliance Network, an organization promoting liquidity and transparency for global supply chain networks, today added InstaSupply to its network and named it an official protocol technology reseller. InstaSupply digitizes and finances supply chains for mid-sized businesses using blockchain.

Through this collaboration, Sweetbridge’s liquidity protocol will provide low-cost access to capital for the InstaSupply customer base of mid-sized (companies averaging roughly USD $30M to $2B annual revenue) buyers and suppliers located around the world. As a reseller of the Sweetbridge Liquidity Protocol, InstaSupply can instantly settle supplier invoices.

The cloud-based InstaSupply service, which currently serves thousands of businesses, can now call on Sweetbridge protocols to offer companies and their suppliers access to capital.

“Sweetbridge’s blockchain liquidity protocol enables us to offer the most competitive supply chain finance solution to SME businesses,” InstaSupply CEO Lee Pruitt said. “This is a massive differentiator compared to traditional financial institutions and incumbent technologies, and is a game-changer for us and the suppliers we work with.”

“Given Lee’s impressive history in business supply chains and InstaSupply’s extensive network of business customers, Sweetbridge’s liquidity protocol was a logical fit for those organizations looking to be paid instantly on better terms,” Sweetbridge founder and chairman Scott Nelson said. “We are looking forward to finding a better way for these supply chain SMEs to transact, and more importantly, for delivering a business model for the future”.

The two parties will leverage the complementary relationships of the Sweetbridge Alliance Network of leading blockchain technologies. This includes the membership and support of the Accord Project, providing programmatic legal contract functionality to support blockchain smart contracts, and Mattereum, a legal-technical interface for blockchain agreements and dispute resolution on the network.

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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