Gert Sylvest, CTO and Co-founder and GM of Tradeshift Frontiers says “Blockchain needs scale. Big companies like IBM and Maersk have launched initiatives, but they can’t attract enough partners because no one wants their biggest competitor to be managing the network they depend on. The best way to do blockchain is to first get companies connected digitally to a large network they all trust, then layer blockchain services on top of that. Otherwise, it’s very hard to build scale and get competing firms to join together.”
"Take blockchain. This technology is about creating an ecosystem and how you add value to that system. It’s a financial technology applicable to many industries. One of the things you get in return is transparency, and that is what drives an ecosystem – the commercial relationships we engage in and the data we feed into that relationship. The industry and the data sources have been far too one-sided for far too long,” Gert Sylvest, co-founder of the first Danish fintech unicorn Tradeshift, responds.