On February 6th 2020 ICONET was represented at TrustBills’ Working Capital Finance Forum in Hamburg, Germany where more than 100 participants attended including many DAX and MDAX companies, banks and asset managers as well as experts from law firms, auditing companies and other FinTechs.
Britta Balden of Electronic German Link and Alessandro Vaglini of New Generation Sensors represented the ICONET Consortium. The EU project ICONET is concerned with simulating the vision of the physical Internet enabled by IoT technologies and its impact on global trade and logistics. Alessandro Vaglini presented the current and future possibilities, but also the limits of sensor and transmission technologies including 5G in intermodal logistics. Britta Balden presented the current use cases of the new IoT technologies and outlined how, for example, the market for Letters of Credit (LCs) can be disrupted by these technologies in interaction with receivables and payment platforms to the advantage of exporters and importers.