Hijro Partners with SAP Ariba on Blockchain Technology – Opens Trade Finance Beta to Ariba Supplier Network

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Blockchain company Hijro, the financial operating network for global trade, has announced a  partnership with SAP Ariba to be an inventory provider of trade assets to the Hijro Asset Distribution Network built on Blockchain technology.

This announcement also marks the opening of the Hijro Trade Finance Beta application for suppliers in the United States. During the recent Ariba Live 2017 event in Las Vegas, SAP Ariba discussed plans to utilize Blockchain technology across its business network and software solutions to improve processes, connect disparate systems, and add valuable applications to its customers.

“A partnership with SAP Ariba means connectivity into one of the most powerful business networks in the world.” Lamar Wilson, CEO of Hijro. “By connecting this network to the Asset Distribution Network, the first suppliers will have access to working capital through the Hijro Beta.”

Hijro has differentiated itself in the blockchain industry by its ability to drive security, automation, and efficiency in origination, distribution, tracking, settlement, and reconciliation of trade assets including receivables and approved payables. This ability, through developer platform and API layer, allows business networks such as SAP Ariba to connect to the Hijro Asset Distribution Network.

“Hijro’s API will be utilized to tokenize and register digital versions of trade assets originated within the Ariba procurement platform,” said Lamar Wilson, CEO of Hijro. “Our platform will allow purchase and distribution of these assets by a network of funders.”

Hijro is also accepting applications for its Trade Finance Beta on their website hijro.com. Suppliers can input their information and become qualified to sell trade assets to a network of funders on the Asset Distribution Network.

Applications and solutions built on the Hijro Network include a multi-bank, multi-lender Asset Distribution Network, flexible working capital solutions for businesses, and a robust suite of APIs allowing integrations to existing trade platforms and business networks.

Hijro is an end-to-end open-account trade finance platform powered by distributed ledger technology. The Hijro platform is built to streamline and automate settlement, reduce fraud risk, and break down costly data silos in the $4 trillion open-account trade market. Visit Hijro.com for more information.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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