- The deal includes additional software engineering capabilities from nChain to accelerate TradeWindow’s Web3 transformation journey and delivery of its global trade platform.
- With over 500 registered patents, including the BSV blockchain protocol, nChain is a global leader in blockchain research and development.
- TradeWindow would access various components of cutting-edge technology and blockchain computing infrastructure under numerous nChain patents that could be immediately utilised into its platform.
- The deal would make nChain a distribution partner for TradeWindow on an exclusive basis for the United Kingdom and Scandinavia.
The strategic investment will give TradeWindow additional software engineering capabilities to accelerate its transformation into a web 3.0 platform for global trade.
Founded in 2015, nChain has more than 500 registered patents. TradeWindow will also benefit from nChain’s blockchain computing infrastructure and software development and enterprise sales capabilities.
As part of the deal, TradeWindow will use nChain’s BSV blockchain protocol to upgrade its global trade platform.
TradeWindow CEO AJ Smith said the partnership would complement TradeWindow’s existing strengths and increase what it could offer customers.
“The agreement would provide TradeWindow with additional funding and access to additional expert developers and already-built product,” Smith added.
The long-term partnership would bring funding and additional high-quality capability needed to accelerate TradeWindow’s global ambitions, he said.
The deal will see nChain become a distribution partner for TradeWindow on an exclusive basis for the UK and Scandinavia. nChain’s expertise in B2B software salesforce and extensive network spanning exports, shipping, banking, and government provides for an effective go-to-market partner, said Leandro Nunes, nChain’s chief revenue officer.
TradeWindow’s solutions allow trade compliance, data sharing and collaboration with global supply chain stakeholders to provide instantaneous access through their enterprise-grade platform.
The UK market is poised for mass adoption of digital trade solutions, as legislation enabling electronic trading documents passes through the UK Parliament, nChain said.
Once enacted, the legislation will put electronic trading documents on the same legal footing as paper documents, which will enable businesses to move from paper-based to digital-based transactions when buying and selling internationally.