Distichain’s mission is to digitize global trade and empower entrepreneurs with a platform that simplifies and automates the entire process. By leveraging blockchain and artificial intelligence, Distichain provides a seamless end-to-end trading experience, while protecting data security with smart contracts. This platform brings together a network of supply chain providers, verification services and trade finance solutions, enabling SMBs and enterprises to trade without borders, in compliance with applicable trading rules.
The company is based in Dubai, UAE. By connecting to innovative fintech and supply chain solutions, Distichain simplifies transactions supported by instant trade finance, without trading via email. Its platform is designed to facilitate cross-border trade and provide an efficient, secure and transparent trading experience for its customers.
Distichain has recently launched its new trading platform, allowing users to quickly and securely transact with global partners in real time. The platform also offers AI-driven analytics and insights, giving users the power to make decisions based on data-driven insights. This provides a competitive edge as it enables SMBs and enterprises to make better decisions and reduce costs of cross-border trading.
The company is actively expanding its network of partners, and is partnering with fintech companies and other supply chain solutions to further drive innovation in global commerce. Distichain is also developing new features and solutions that will make it easier for SMBs to access global markets and for enterprises to leverage blockchain technology for their cross-border trading.
Distichain has raised funding totaling $940,000 in three rounds. The most recent funding was raised on June 5, 2021 in a seed round.
Distichain is funded by 2 investors. Startup-O and GSD Venture Studios are the most recent investors. Haisam Jamal is the CEO of Distichain and co-founder .Distichain has 1 board member is Salim Faroukh, and advisors Kokila Alagh, Freddy Elturk.The startup was also presented at HUB71 in the UAE.
HUB71 is a global technology ecosystem designed to help startups in the UAE succeed. Based in Abu Dhabi, the initiative provides a range of services to help entrepreneurs launch and expand their businesses, including access to global markets, capital ecosystems, a global network of partners, and an active community of highly skilled professionals.
An innovation center is a physical space, typically located within a business or organization, that is dedicated to fostering creativity and innovation. It is designed to provide an environment that encourages collaboration, experimentation, and the development of new ideas. Innovation centers often feature open workspaces, meeting rooms, and other amenities that are conducive to creative thinking. They may also host events such as hackathons and workshops to further promote innovations.
April 13, 2023