The partnership is focused on enabling supply chain transparency, traceability and efficiency through non-crypto blockchain technology for brands while simultaneously meeting their Sustainable Development Goals (UN SDGs)
MINNEAPOLIS, May 17, 2019 /PRNewswire/ -- BanQu, Inc.'s groundbreaking for-profit / for-purpose blockchain-as-a-service software company secures a key strategic partnership with RSM Spain, the Spanish member firm of RSM International, a global network of independent audit, tax and consulting firms with more than 41,000 people in 116 countries. RSM Spain will open up new market opportunities across European supply chains for BanQu, the world's first and only non-cryptocurrency blockchain platform.
BanQu's innovative technology provides unprecedented benefits to businesses like RSM Spain, seeking end-to-end supply chain transparency, traceability, and efficiency while ensuring compliance with the United Nations Sustainable Development Goals (SDGs). The alliance between BanQu and RSM Spain will provide an immutable ledger of information about the company's distributed supply chains, guaranteeing the origin of raw materials and all successive processes through BanQu's signature "track and trace" feature. The partnership further provides economic opportunities and visibility to the last link in the supply chain, known as the "last mile", while establishing efficiency gains for the brand, and, ultimately, transparency to its consumers.
Luis Portabella, partner of RSM Spain Consulting, comments: "We have all heard of blockchain and many companies are thinking of introducing this technology in their businesses, however, until now we had no record of a tangible product developed and with live references in the market. BanQu provides a great added value to the company in its supply chains, to make its logistic processes more efficient and fulfill its social responsibility objectives. In turn, consumers obtain guarantees of the origin of the product; society wins in social justice, big corporations like ABInBev, JT International and Mars are already using the BanQu platform."
BanQu operations are now live in Brazil, Costa Rica, India, Indonesia, Jordan, Malawi, Somalia, South Africa, Syria, Uganda, United States, and Zambia, with rollouts in Nigeria, China and Mexico slated for later this year.
Ashish Gadnis, Co-Founder and CEO of BanQu, comments: "The BanQu platform is now live in 12 countries across multiple brand supply chains, impacting nearly 200,000 last mile beneficiaries to date. We're now operating at a level of maturity and commercial success that allows us to scale to the next level by adopting a robust channel partnership. RSM Spain is the perfect partner to get BanQu a strong foothold in both the Spanish and European markets. With some of the biggest global brands looking to BanQu for transparency, traceability and efficiency in their supply chains, all while meeting key UN Sustainable Development Goals (SDGs), this is both a wonderful and critical partnership for us."
BanQu aims to help lift 100-million of the world's 2.7 billion unbanked and underbanked people out of extreme poverty by 2023 through its unique blockchain platform.
BanQu is a groundbreaking for-profit / for-purpose blockchain-as-a-service software company solving the toughest global problem – Extreme Poverty.
As the world's first and only non-cryptocurrency blockchain platform—we help lift people out of extreme poverty by connecting them to the global supply chains they participate in and the brands, organizations, and governments that power them.
SOURCE BanQu, Inc.