January 15th, 2019 - Breukelen, the Netherlands at 6 PM CET
TIE Kinetix, leading provider of Partner Automation solutions, announced today that it has added blockchain capabilities to its FLOW Partner Automation platform.
As the market continues to experiment more and more with blockchain projects and capabilities, TIE Kinetix has joined the group of companies that enable their customers to utilize blockchain capabilities for their business processes.
Blockchain and distributed ledger technologies enable companies to enhance and extend the traditional supply chain data document exchange with smart contracts. Enabling proof of delivery scenarios, enhanced secure business processes, and complex source of truth scenarios. TIE Kinetix’s FLOW Partner Automation platform uses blockchain technology to create a distributed trusted environment that enables all the participants to control where the products/goods are in the supply chain and which environmental conditions are affecting it. By enabling these capabilities, it’s now possible to track the complete supply chain exchange.
The FLOW platform is utilizing blockchain in more ways within the platform. Furthermore, blockchain is used to help calculate the value that a specific partner or party is delivering to the FLOW user’s company ecosystem. This value will be transformed into reward credits (FLOW coins) that these partners can use to spend within FLOW. The credits can be used for internal or external usage like Marketing Development Funds (MDF) to purchase products and/or services from the different partners in the partner ecosystem.
“We are very excited about expanding our FLOW platform with the latest technologies like blockchain capabilities. By adding these new technologies, we continue to be a leader in our markets by enabling our customers to utilize the latest technologies as part of their core business processes as soon as possible.” stated Jan Sundelin, CEO of TIE Kinetix. “We realized that if we wanted our customers and their partners to benefit from these upcoming technologies, we needed to provide the foundation for that. That’s why we have invested in the future and added these capabilities to our FLOW platform. Our customers and their business partners are ready for the future and can continue to focus on developing their business relationships.”
About TIE Kinetix
TIE Kinetix transforms the digital supply chain by providing Total Integrated E-Commerce solutions. These solutions maximize revenue opportunities by minimizing the energy required to market, sell, fulfill, and optimize online.
Customers and partners of TIE Kinetix constantly benefit from innovative, field-tested, state-of-the-art technologies, backed by 32 years of experience and prestigious awards. TIE Kinetix makes technology to perform, such that customers and partners can focus on their core business. TIE Kinetix is a public company and has offices in the United States, the Netherlands, France, Germany, United Kingdom, and Australia.
For questions about this press release, please contact Patrick van Boom, Chief Marketing Officer of TIE Kinetix via Marketing@TIEKinetix.com