Reterms Soft Launches a Grocery Industry DLT/Blockchain Use Case During Consensus 2018 in New York
Summary
SINGAPORE, June 12, 2018 (Newswire.com) - Reterms, a company founded by retail experts Barry Shalley and Patrick Hopper, soft launched their DLT/blockchain use case to solve grocery industry issues during Consensus in New York at an event sponsored by Block X Ventures.Consensus, hosted by media and research company CoinDesk Inc., featured speakers and attendees from around the globe who debated many DLT/blockchain-related issues including the merits of crypto currencies/payments, ICO regulations, use cases and enterprise adoption.Reterms stands alone in offering solutions to address grocery industry issues relating to trade practice abuses and income recognition treatments.The Reterms’ solution will disrupt the billion-dollar profit-recovery industry introducing smart contracts to simplify complex grocery trading terms while improving operational efficiency.This shared service platform will power a marketplace portal where a unified retail community can review and settle their account payable positions as well as take advantage of solutions from FinTech partners such as invoice factoring.