Business Commerce Accelerated
The primary goal of Crowdz's blockchain-based Smart Transaction Networks is to use the blockchain, along with the associated technologies of artificial intelligence, self-executing smart contracts, and IoT (Internet-of-Things) sensing, to accelerate business-commerce transactions within the $25 trillion global business-to-business commerce market from the current weeks or months to literally milliseconds.
"Taken together, technologies like these can accelerate business supply chains of all types to digital lightspeed," Kevin Hopkins, Crowdz's Chief Strategy Officer and a former U.S. White House economist emphasized. "Within a few years, fully automated, largely self-executing supply chains could become the new normal, squeezing cash-draining inefficiencies almost completely out of business transactions."
To this end, Crowdz will spend the next 13 weeks exploring possible areas of collaboration with Barclays. Areas of interest include blockchain-based transactions, EDI replacement, supply-chain finance, and blockchain-enabled ecommerce marketplaces.
"We're very pleased to be working with Crowdz," said Chris Adelsbach, Managing Director of the Barclays/Techstars FinTech Accelerator in London. "Not only does Crowdz offer a solid finance & technology solution, but Crowdz's vision for the intertwined future of blockchain and business commerce is one of the most innovative and exciting I've seen."