They will also create a scalable “omni-channel platform” to enhance outreach to customers via new sales channels, integrating operations, incorporating digital payments and facial recognition, as well as designing a cohesive user experience for end-customers.
Finally, Adera and BreadTalk will establish a blockchain-based supply chain financing platform with digitalised processes and document automation.
This is so that stakeholders can gain faster access to financing and potentially lower their costs of funding.
They said with more accountability and transparency, it can foster greater trust and confidence between financing institutions and transacting parties, leading to lower financing and business risks.
Under the joint venture, Adera will provide its knowhow, capabilities and experience in key areas such as digital automation, facial recognition, digital identity, digital payments and artificial intelligence, while BreadTalk will contribute its technical and operational experience.
