03/10/19 09:20 UTC-4

IKEA took part in a business transaction on ethereum

OtherIKEA is mastering blockchain payments
IKEA is mastering blockchain payments

IKEA in Iceland took part in a commercial transactionTransaction
– is a financial term that means a logically meaningful operation that can only be carried out completely. Details
on the ethereum blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
, using smart-contracts and licensed electronic money to facilitate payment for the orderOrder
– automatic application to buy or sell cryptocurrency. Orders are used during trading on the stock exchange to open and close a position. Details
at the local Nordic Store.

IKEA in a transaction on the ethereum blockchain

According to a Tradeshift press release on Tuesday, the transaction was carried out on a platform provided by Tradeshift, a supply chain management firm, and used “programmable digital money” from Monerium with ConsenSys support.

The Nordic Store purchased goods from IKEA and paid the bill using the Monerium tokenized Icelandic krona.

Interesting in the section: The US launches a new cryptocurrency pegged to the dollar

Tradeshift and Monerium said the deal proves that “state-regulated programmable electronic money is ready for major markets.”


See also: "The blockchain company begins work in the UAE after $16 million financing"

#IKEA #ethereum #blockchain

Editor: Yuliya Soroka