Skuchain, Inc. has announced that it has joined the newly-launched DCG Connect as a founding member. The fourth subsidiary of Digital Currency Group, an investor in Skuchain, DCG Connect is a membership-based organization dedicated to helping enterprises accelerate from blockchain exploration to production, with a group of founding corporate members including IBM, Amazon Web Services, CME Group, Foxconn, Mastercard, New York Life, Prudential, Transamerica, and CIBC.
Skuchain is a leader in blockchain solutions for trade finance and the supply chain, providing optimal planning, agility and capital efficiency for downstream buyers and working capital relief for upstream suppliers. Skuchain’s products offer full communication with existing ERP and EDI systems without the need for costly integration, as well as full interoperability with all blockchain protocols. Skuchain has also been collaborating with cloud partners to build a full blockchain enterprise stack that can be deployed to further facilitate adoption across an enterprise and its supply chain.
By joining DCG Connect, Skuchain hopes to contribute to the growth of the blockchain ecosystem and to work with its fellow members to help corporates leverage blockchain technology and digital currencies for a variety of use cases.
Srinivasan Sriram, Founder and CEO of Skuchain, remarked: “Although implementing a blockchain solution for an anchor buyer and their supply chain has a number of unique collaborative commerce specific aspects, there are also a number of commonalities with generic blockchain application needs. We are happy to participate in the DCG Connect initiative to work closely with enterprises as they build out a broader blockchain footprint.”
VP of Business Development and Strategy at Skuchain, Rebecca Liao stated: “In the short span of a few years, blockchain has gone from being a nascent technology to a deployable production solution thanks to the innovative energy of technologists and a general eagerness to form partnerships. We are excited to work with DCG Connect and its membership to expand this project and hasten the growth of the blockchain ecosystem,”
DCG’s Director of Development, Meltem Demirors noted: “After two years working with bitcoin and blockchain companies and corporate leaders, we identified that a significant issue hindering the widespread, global adoption of blockchain is the inability to quickly connect with the right combination of partners for testing and deployment of the technology to address real-world business challenges.”