Global Supply Network Blockchain Solutions Through Sweetbridge Foundation
The Sweetbridge Foundation, a non-profit aiming to leverage blockchain technology to power the next generation of global supply networks, has announced that it has established strategic partnerships with a number of leading companies in the blockchain, technology, and supply chain spaces in a new Liquid Value Alliance. Founding members including Synerzip, iprotus, PreVisionX, CoinFund, Mereo, Wachsman PR, and the Crypto Valley Association. The Liquid Value Alliance will work together to solve complex global commerce challenges and promote faster, fairer trade in extended multi-enterprise supply chains and value networks.
Sweetbridge has established key technical relationships with PreVisionX, iprotus, and Synerzip. Texas-based PreVisionX, a mobility-as-a-service technology platform, will allow the Alliance to progress its vision of a decentralized global economy by bringing mobile control, visibility, and efficiency to orchestrate workflows such as transportation and trucking. Sweetbridge’s strategic partnership with Switzerland-based iprotus, a blockchain development group, will allow for fraud prevention as Sweetbridge develops a sophisticated blockchain platform that can provide an immutable record of provenance. Through its collaboration with Synerzip, a U.S.-based software product development company, Sweetbridge will benefit from technological expertise and services as it scales its engineering capacity.
CEO and Chairman of Sweetbridge, Scott Nelson said: “Sweetbridge is proud to announce key partnerships with some of the most significant players in the blockchain, logistics, and technology spaces. As we establish a decentralized network that addresses some of the most gaping economic deficiencies in global value chains, our aim is to bring together the most innovative and sophisticated companies that also understand the immense benefits that blockchain can provide to industry. We are confident that the skills and expertise of our partners will prove to be an invaluable asset as we work toward building a global, liquid supply chain network.”
Sweetbridge has also partnered with CoinFund, a New York-based blockchain technology research company and crypto asset investment vehicle. The company specializes in performing market and investment research in the blockchain space that it uses to make strategic investments in the space.
Mac McGary, Sweetbridge President of Alliances, commented: “Together we are building modern trading ecosystems that add value from any product’s origin through its manufacture, delivery, and consumption. A liquid value network comprised of many autonomous partners provides the most efficient flows of products, money, and information required to produce, sell, and deliver a product.”
Sweetbridge protocols will leverage blockchain technology to solve deficiencies in global value chains, including the $54 trillion supply chain and logistics ecosystem. Other issues include underutilization of available resources, inefficient use of capital and talent assets, illiquidity in working capital, and disruptive change. A recent PwC report estimated that there is at least €3.5 trillion euro in working capital, at any given time, that has the opportunity to be reallocated for other uses.