Tradeshift to Raise $250M During Series E Financing

To date, the total amount of Tradeshift venture capital investments attracted was $ 400 million, and the company's value is estimated at $ 1.1 billion
31 May 2018   1025

Specializing in supply chain management, the Danish company Tradeshift raised $ 250 million during the E-series financing round, led by Goldman Sachs and PSP Investments. This is reported in a press release of the company.

Financing participated financial conglomerate HSBC, venture company H14, American Express Ventures and Santander InnoVentures took part in financing too. To date, the total amount of Tradeshift venture capital investments attracted is $ 400 million, and the company's value is estimated at $ 1.1 billion.

The funds will be used to invest in emerging technologies, such as artificial intelligence and blockchain, and to expand the company to the markets of Europe and Asia. The development of new technologies will be handled by the Frontiers division, created by Tradeshift in January this year.

We have always believed that the future of supply chains is 100 percent digital and that connecting trade is just the first step to a digitally connected economy. This investment will enable us to continue our rapid growth and consolidate our leadership position. We welcome Goldman Sachs and PSP Investments as our newest investorsand look forward to their valuable contributions as we enter our next growth phase.
 

Christian Lanng

CEO and Co-Founder, Tradeshift

Also last week, the Danish company launched the payment system oriented to B2B-segment called the Tradeshift Pay. It is a cloud blockchain-based platform for managing supply chains.

Potentional Vulnerabilities Found in ETH 2.0

Least Authority have found potentional security issues in the network P2P interaction and block proposal system
26 March 2020   202

Technology security firm Least Authority, at the request of the Ethereum Foundation, conducted an audit of the Ethereum 2.0 specifications and identified several potential vulnerabilities at once.

Least Authority said that developers need to solve problems with vulnerabilities in the network layer of peer-to-peer (P2P) interaction, as well as in the block proposal system. At the same time, the auditor noted that the specifications are "very well thought out and competent."

However, at the moment there is no large ecosystem based on PoS and using sharding in the world, so it is impossible to accurately assess the prospects for system stability.
Also, information security experts emphasized that the specifications did not pay enough attention to the description of the P2P network level and the system of records about Ethereum nodes. Vulnerability risks are also observed in the block proposal system and the messaging system between nodes.

Experts said that in the blockchains running on PoS, the choice of a new block is simple and no one can predict who will get the new block. In PoS systems, it is the block proposal system that decides whose block will fall into the blockchain, and this leads to the risk of data leakage. To solve the problem, auditors suggested using the mechanism of "Single Secret Leader Election" (SSLE).

As for the peer-to-peer exchange system, there is a danger of spam. There is no centralized node in the system that would evaluate the actions of other nodes, so a “malicious" node can spam the entire network with various messages without any special punishment. The solution to this problem may be to use special protocols for exchanging messages between nodes.