Hijro: About the Platform
Hijro [/ˈhīdrō/] is a financial operating network for global trade and also a Trade Asset Marketplace built on distributed ledger technology.
Hijro, before 2016 known as Fluent, was designed to streamline settlements, reduce fraud risk and break down data silos in the $4 trillion open-account finance market.
The Hijro Network aims to be the global “waterway” for trade, providing a more efficient way to move value around the world thanks to blockchain technology.
The Business Intelligence for Hijro
Hijro is based in Lexington, Kentucky, USA as Hijro Inc.
The Trade Asset Marketplace is the core of the Hijro network. It connects banks, non-bank lenders and businesses, creating a robust marketplace for trade assets. Main focus of the Hijro marketplace is open-account trade.
The marketplace uses DLT for automation, tracking and settlement of trade assets. They use a ledger called Hijro Global Trade Asset Registry (GTAR) and have a streamlined integration of trade credit insurance from Euler Hermes.
However, participating businesses can use any ledger that hosts digital versions of their trade assets because Hijro provides a middleware layer called F.I.X. that can facilitate communication between multiple different ledgers.
Hijro raised total of $2.5M in funding (Draper Associates, Fenbushi Capital, Digital Currency Group) and gained several notable partnerships, such as the 2017 one with SAP Ariba.
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