Summary:
This Italian company has developed a digital platform for SMEs aimed at managing in a fully digital way all the activities involved in a B2B trading transaction from the business partner search to contract drafting/ performance. They are looking for technical partners operating into the following spaces: AI, blockchain, smart contract, digital payments and joint ventures agreements with AISP (Account Information Service Providers) and PISP (Payment Initiation Service Providers).
Description:
The Platform is designed to allow users (i.e., Businesses, mainly SMEs) to handle autonomously and by means of digital tools all the activities involved in a B2B transacion. . As a matter of fact, the vast majority of goods trading still relies on traditionally architected models based on an intensive use of intermediation (e.g., banks, brokers, lawyers, insurers), physical channels and paper-based documentation that negatively affect costs and time to market. More precisely, the platform is designed to handle the following activities: identifying a certified and tailored business partner by leveraging Machine Learning and AI-based algorithms, communicating using instant translators, negotiating and signing a contract using customized contracts templates and specific Wizard, managing (potential) litigations and the performance of a contract terms by using a Blockchain-based “notarization” functionality.
Type (e.g. company, R&D institution…), field of industry and Role of Partner Sought:
1_Technical Partnership:
• AI/ML: e.g., IT partner do develop smart algorithm
• Blockchain and Smart Contract: e.g., IT partner to develop smart contract and blockchain related features
2_Business Partnership:
• Digital Payments: e.g., partnership with AISP/PISP to handle payments processes
• Data acquisition: e.g., getting European Companies Data Base which may include leveraging Data Bases owned by 3rd parties. It goes without saying that leveraging 3rd parties’ network to boost the user on-boarding phase (i.e., user acquisition) would be a viable option
Stage of Development:
Prototype available for demonstration
Comments Regarding Stage of Development:
The MVP is going to be completed by September 2021 and will be tested by invited early adopters till the end of 2021. A 5 years development roadmap has been drafted.
IPR Status:
Secret Know-how
Comments Regarding IPR Status:
Secret Know-how in relation to the Smart Algorithm they have created from the scratch. The algorithm is designed to at analyze ongoing business trends within different business sectors and Company profile (i.e., features and goals) with the aim to select and propose tailored business partner to each user of the Platform.
External code:
TOIT20210622002
