Leste has tested, validated and adopted Infidia‘s blockchain-based solution in the scope of BlockStart:
Why has the company decided to implement the solution: Leste was part of few conferences about blockchain and organized one of them, Blockchain Adria Meetup, a few years ago. For this reason, the company is quite familiar with blockchain and always willing to adopt blockchain solutions.
Added value of the solution to the company: Leste has already used factoring before, but it was very time-consuming. Also, it needed to exchange multiple emails and documents, with many human errors during the process. Infidia allows Leste to focus on its business, and the blockchain technology provides an additional layer of reliability for the lenders as it was discussed many of these models in its meetings.
What has been done during BlockStart’s pilot stage: Leste had many meetings with Infidia explaining its business and sending examples of the factoring process. As mentioned, the company pointed out some mistakes in the process. Leste’s feedback improved the Infidia web app as they followed the company’s advice and served as a basis for developing the new feature of notifications of Infidia.