Fluent announces partnership with Euler Hermes to provide insurance credit using its API

Blockchain startup Fluent has partnered with credit insurance provider and German insurer Allianz subsidiary Euler Hermes.

Fluent officially announced its collaboration with Euler Hermes during its Money2020 presentation on the 24th, also demonstrating how users of its trade finance platform can conduct trade finance, settle payments and access accounts receivable.

Fluent is more ambitious than some distributed ledger projects, and has created its own blockchain technology and B2B marketplace for trade finance, called Fluent Trade Asset Marketplace . Through this partnership, Fluent will be able to use the API of the new partner to provide credit insurance.

Fluent CEO Lamar Wilson told attendees:

“If you understand trade finance, then you understand that this partnership will help us build working capital solutions anywhere in the world.”

The collaboration comes at a time of growing interest in how distributed ledger solutions can transform global trade, with trials of these solutions showing signs of moving toward real markets.

Recently, Commonwealth Bank of Australia and Wells Fargo announced they had successfully used a form of blockchain to facilitate a transaction between buyers and sellers of cotton, and Barclays and its incubator startup Wave completed a $100,000 commodity trade in September.