Enterprise Europe Network

Spanish company which has developed a new disruptive payment system between companies using Blockchain and Ethereum is looking for a partner, under an outsourcing agreement, in the field of fintech or insurtech with experience in B2B services in Europe.

Country of origin:
Country: 
SPAIN
Opportunity:
External Id: 
BRES20210126001
Published
15/02/2021
Last update
23/02/2021
Expiration date
24/02/2022

Keywords

Partner keyword: 
Data Protection, Storage, Cryptography, Security
Electronic Commerce, Electronic Payment & Signature
Socio-economic models, economic aspects
Systems software
Business and office software
Banks/financial institutions software
Business and other management consultancy activities
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Summary

Summary: 
Spanish company, dedicated to international business, has developed a new disruptive payment system for B2B using Blockchain and Ethereum. The new payment system allows companies to ensure their negotiations, making secure the transfers and payments of goods between companies avoiding fraud. The company is looking for a fintech or insurtech who can provide a credit service for B2B transactions in order to add it into the platform. The cooperation sought is outsourcing agreement.

Description

Description: 

The company is located in Alicante (Spain) and its main activity is international business consulting. With more than 15 years of experience in international business and more than 350 satisfied clients, the company has become one of the top exports consultancy in Spain.

The company has developed a disruptive payment system between companies (B2B) encrypted on Blockchain and using Ethereum system making it secure, fast and cheap and without the intermediaries as big corporations or banks.

The payment system works as follows:

1. Contract’s formalization: One of the two companies registers on the platform, fulfills the conditions of the contract in few minutes and it invites the second company to register. This last company modifies and/or approves the contract, which remains encrypted and immutable in the Ethereum system.
2. Payment mediation: The buyer deposits the amount for the goods in the system who guarantees the buyer that he will only pay the seller if he receives the goods. It also guarantees the seller that he will receive the amount whenever he delivers the goods.

The benefits of this payment system are: immutable contract once is accepted, cost savings, no limits, no insurance, mediation if conflict, no waiting and no possibility of fraud.

So far, the company offers the service on payment in advance, but it would like to offer it on a credit basis.

Due to this, the partner sought should be a fintech or insurtech with experience in B2B services that offers a credit service for B2B transactions. The partner credit service can be integrated into the payment platform.

The partner sought should be located in Europe and this cooperation will be under an outsourcing agreement.

Advantages & innovations

Cooperation plus value: 
Use of blockchain and Ethereum system. The payment system is secure, fast and cheap, with no intermediares as big corporations or banks. Impossibility of fraud during a transaction.

Technical Specification or Expertise Sought

Cooperation sought: 
The service sought is: a company that can provide a credit service for B2B transactions in order to add it into the payment platform.

Stage of development

Cooperation stage dev stage: 
Already on the market

Partner sought

Cooperation area: 
The partner sought should be located in Europe and be a fintech or insurtech with experience in B2B services that offers a credit service for B2B transactions. The partner credit service can be integrated into the payment platform. The cooperation sought is an outsourcing agreement.

Type and size

Cooperation task: 
SME 11-50,University,Inventor,R&D Institution,SME <10,>500 MNE,251-500,SME 51-250,>500

b2b_payment_system.png

B2B payment platform