You’re into business, we’re into banking.
When looking for new trading possibilities, the first thing you need is trust.
How we can help your trading when you:
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Identification of unknown counterparts (all clients on we.trade are KYC’d)
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Bank Payment Undertaking (BPU): Counterparty risk transferred to bank
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Real time trade settlement enabled by one platform for all parties
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Event based automatic payment triggers through smart contracts
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An efficient digital one stop shop accessible by all parties of the trade
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Track and trace for over 426 couriers
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Identification of unknown counterparts (all clients on we.trade are KYC’d)
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Real time settlement enabled by one platform for all parties
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Event based automatic payment triggers through smart contracts
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Bank Payment Undertaking (BPU) Financing
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Invoice Financing: Additional working capital without leveraging credit lines
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Track and trace for over 426 couriers
Get access to we.trade
What our customers say
Meet innovative businesses transforming trade using we.trade
“"we.trade gives you a degree of certainty relating to payment after delivery and can eliminate a lot of worries for the future.””
“We decided to innovate and be the first company in Italy to use we.trade, to support a completely digital, linear, transparent and easy-to-monitor order management process.”
Our banking partners
Frequently Asked Questions
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The we.trade platform is built using Hyperledger Fabric as the underlying blockchain technology
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Before discussing which information is uploaded to the blockchain, it is important to note that we.trade leverages a feature in Hyperledger Fabric called “Channels”. Essentially each channel represents a private blockchain for which blocks and transactions are only transmitted to those peers who are a member of that channel. Any information uploaded to a channel is only present on authorized peers, and authorized peers only store the information from the channels they are members of.
Information about a trade - which is shared between buyer, seller, and their respective banks - is uploaded to a channel of which only buyer and seller bank nodes are members. Only these bank nodes have access to the information. This includes information about the companies buying and selling (such as company name and delivery address), information about what is sold, for which amount, and which services are procured.
Anonymous track & trace status data is uploaded to a channel of which all banks are members.
Concerning the trade information, 2 remarks are important.
- Personal data is never stored on the blockchain, only information about the legal entities engaging in trade
- For some specific parts, such as document attachments, only a reference is stored on-chain.
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Personal data is never stored on the blockchain.
Documents attached for the trade counterparty are not stored on the blockchain.
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Know your customer (KYC) is the process of a business identifying and verifying the identity of its clients. The term is also used to refer to the bank and anti-money laundering regulations which governs these activities.