Brisbane City, Australia— On December 11th, Fresh Supply Co (FSCO), based in Brisbane City, Australia, announced the integration of Hedera Token Service (HTS) into its Continuity API, a data provenance solution. This move enhances confidence in lending through verifiable payments.
Continuity, FSCO's API tool, now incorporates HTS, allowing users to configure, mint, and manage native fungible and non-fungible tokens on the Hedera network. This integration introduces groundbreaking mainnet capabilities, enabling organizations to embed conditional token minting within commercial workflows, covering areas such as invoices, debts, and documentary workflows using AI-based large-language models.
FSCO's Continuity API, known for event-based payment automation in the financial-grade domain, has recently shifted from the discontinued private Mastercard Provenance blockchain to Hedera. The updated API, initially available exclusively on Hedera's Consensus Service, now leverages HTS for greater transparency and verifiability of payment transactions throughout the entire value chain.
With this integration, users can capture cash transaction prerequisites and mint necessary transactional information as NFTs transferable between wallets. This empowers financial institutions to make data-driven credit decisions, increasing lending confidence and expanding trade financing opportunities.
Shayne Higdon, Co-Founder and CEO of the HBAR Foundation, emphasized the potential of tokenization in supply chain financing, praising the integration's contribution to data integrity and payment liquidity across supply chains.
As part of the collaboration, FSCO will utilize AI to automate and streamline tokenization on the platform, incorporating large language model (LLM) technologies to extract data from documents and expedite tokenization. This AI-driven document extraction mechanism aligns with FSCO's commitment to comprehensive and quality data for effective tokenization.
David Inderias, CEO at FSCO, highlighted the increasing adoption of token minting and tracking technologies for real-world use cases. He expressed enthusiasm about working with Hedera to diversify data acquisition sources beyond Enterprise Resource Planning (ERP) systems, bringing crucial verifiability to the often opaque supply chain industry.
In August, FSCO incorporated the Hedera Consensus Service (HCS) into its Continuity API, enabling users to connect to Automated Clearing House payments and the Mastercard network. Future plans include providing Hedera's user base access to Mastercard Payment Gateway Services (MPGS) and other forthcoming Mastercard Web3 and digital asset products.
