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MarketOrders News Press Coverage

MarketOrders recognised by Small Business Britain

Our COO, Sukhi Jutla, has been named as one of the UK’s most 100 inspirational female entrepreneurs by Small Business Britain’s f:Entrepreneur ‘#ialso100’ campaign. 

Now in its fourth year, f:Entrepreneur was launched in 2017  to highlight amazing female role models to help and inspire all small businesses, through content, stories and events. It particularly aims to showcase trailblazing female entrepreneurs that lead small businesses alongside a roster of other responsibilities, such as volunteering, mentoring and community support, activities.

Indeed, Sukhi Jutla was also called out for representing the voice of financial technologies with her board positions at the Mayor of London’s Digital Skills Partnership, the Department of International Trade in the UK and is an Industry Associate of the University College London Centre for Blockchain Technologies (UCL CBT).

For the past three years, Sukhi has contributed to showcasing more women entrepreneurs in the media, participating to over 700 articles worldwide, including The Financial Times, CityAM, Yahoo Finance, Management Today, The Sun, Forbes, Quartz… 

From beekeepers to PPE, tech entrepreneurs to pole-dance-enthusiasts, this year’s campaign celebrates inspiring and resilient female entrepreneurs that have flourished despite Covid-19, with many still growing or starting new ventures.

On being listed in the #ialso100, Sukhi Jutla said: “It’s an honour to be recognised in this way alongside other outstanding female entrepreneurs building exciting startups. I hope this encourages more women to become an entrepreneur and create and contribute to the world of tomorrow.”

Download the press release here.

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MarketOrders News

2020 – Highlights, MarketOrders Awards

2020 has definitely been a challenging year. 
Despite the Covid-19 pandemic, the MarketOrders team has managed to keep on moving forward and helped the community. 

In a series of articles, we’ll be reflecting on our achievements, events and articles that have marked the year 2020. 

Our first article was focused on the release of our White Paper last August, which you can read here!

In this article, we’ll share with you the awards we’ve won in 2020:

and top nominations:

What a busy year for the MarketOrders team! The awards mentioned above are only the ones we won! In total, we were nominated for 20 awards in 2020!

Our Co-Founder and COO, Sukhi Jutla, was nominated for and won 10 of them!

Special mention to our CEO, Ram Krishnna Rao, who was nominated for the Man of the Year Award by the Women’s Business Awards and our Head of PR & Communications, Caroline Hoffmann, who was nominated HERoes Women Future Leaders 2020 by Yahoo Finance and Rising Star Award by WeAreTheCity.

According to our very unbiased and objective opinion, they should have won them all! 😉

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MarketOrders News

MarketOrders Head of PR gets 4 certifications

Our team never stops to learn!
In 2020, our Head of PR & Communications, Caroline Hoffmann, studied online and got 4 certifications:

  • Exercising Leadership, by Harvard University
  • The Science of Success, by the University of Michigan
  • The Science of Well-Being, by Yale University
  • Blockchain Essentials, by Cognitive Class.

Congratulations to Caroline for her accomplishments this year!

Connect with her on LinkedIn here.

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MarketOrders News

2020 – Highlights, MarketOrders White Paper

2020 has definitely been a challenging year.
Despite the Covid-19 pandemic, the MarketOrders team has managed to keep on moving forward and helped the community.

In a series of articles, we’ll be reflecting on our achievements, events and articles that have marked the year 2020.

The release of our White Paper last August is one of our highlights!

Following two years of research, the research paper explores the use of blockchain technology to bring more transparency and trust within the supply chain in the jewellery industry.

Learn more about our White Paper here.

Our White Paper received amazing feedback from the jewellery and the tech industry. It’s generated over 25 articles in the media, in industry publications such as Professional Jeweller, Retail Jeweller, Blockchain Magazine, UK Tech News, and Coinstituency to name a few.

Download White Paper here

In a hurry? Download our summary White Paper.

Interested about sharing the news? 
Download our Press Release here
Q&A and visuals are available here.

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MarketOrders News

MarketOrders Newsletter: latest news coming your way!

MarketOrders sends a newsletter every two weeks to share the latest news with our supporters, investors and followers.

If you’d like to get it, get in touch!

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MarketOrders News

Why the jewellery industry needs digitalisation, now more than ever

With the UK undergoing a second lockdown, having an online presence seems to have moved from being an option to becoming a necessity. MarketOrders believes that retailers on the high street will only be able to thrive if they embrace new technologies and digital processes. The startup aims to provide them with solutions enabling efficient stock management, sales predictions, fast & transparent cross border payments, and seamless communication with customers. 

Sukhi Jutla, co-founder and COO of MarketOrders, said: “As recent months have shown, it’s important more than ever to have an online presence and we found that 90% of retailers in the industry currently don’t have that in place.

“Of all industries in the world, the jewellery business is one of the most traditional and the most reliant on direct interaction between master craftsmen and merchants. These outdated processes lack transparency in an age where consumers demand products to be sustainably and ethically sourced. Embracing the power of blockchain will put the control back into the hands of the retailers by proving provenance of the products and making the end-to-end sales and supply processes more transparent, efficient and profitable.

The blockchain technology enables independent jewellery retailers to source products quickly and cost-effectively directly from global manufacturers – slashing the current time it takes to get products delivered from weeks and months to days.

The solution will digitalise all aspects of the supply chain from the mines of origin for gold, metals and stones to manufacturing and shipping to the end consumer; creating a digital footprint easily recorded, visible and trackable in real-time.

The news of the launch comes after MarketOrders overfunded on Crowdcube, raising over £430,000 on with plans to modernise the antiquated jewellery buying process and elevate it to become more transparent and profitable.

Outlining how the end to end solution will benefit the industry, MarketOrders has published a research paper exploring the use of blockchain technology to bring more transparency and trust to the supply chain in the jewellery industry. Though the two years of research were conducted before the pandemic hit, the White Paper seems more relevant than ever. 

With this paper, MarketOrders is aiming to boost disruption in its industry and highlight its technology development plans. The startup believes that if the industry doesn’t adapt to consumers’ changing demands, they risk being left behind. According to MarketOrders, blockchain technology is one of the answers.

Sukhi Jutla added: “We’re thrilled to introduce the technology to the industry to help time-poor retailers overcome challenges such as trust and cost implications in the supply chain. We are passionate about supporting independent retail jewellers and believe blockchain technology will revolutionise the sector and further empower smaller retailers.”

The 60-page document details what challenges the jewellery sector is facing, how it could benefit from blockchain technology and why it should embrace it now more than ever. It also describes MarketOrders’ plans and implementation of the technology into its own marketplace.

Ram Krishnna Rao, co-founder and CEO of MarketOrders, said: “The fact that no one ever has the ability to go back and change or tamper with the data makes blockchain particularly useful for the retail supply chain for physical products. This allows you to see the full history or journey of the data or product in question. It also makes global transactions borderless with the use of cryptocurrency as a mean of payment; faster by using digital contracts called ‘smart contract’; and cheaper by cutting off middlemen.”

MarketOrders tackles the three major problem areas small jewellery retailers are facing today: lack of transparency, high costs and lack of digital innovation. With the implementation of blockchain technology coupled with industry expertise, there is the innate possibility to streamline processes while increasing and securing trust. This results in higher profit margins and healthy, growing small businesses that quickly and easily meet customers’ needs, providing them with the products they seek, with optimised lead times, and full transparency.

Sukhi Jutla concluded: “Our core values of bringing the highest levels of trust, transparency and integrity to jewellery retailers also aligns with the core components of blockchain technology. We aim to create a transparent, efficient ecosystem, that benefits all stakeholders in the raw materials and jewellery value chain, from source to end consumer.

The research document is currently available to download for free at https://marketorders.io.

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MarketOrders News Press Coverage

MarketOrders wins the TechWomen100 Award!

We’re proud to announce that MarketOrders COO & Co-Founder, Sukhi Jutla, has won the TechWomen100 Award!

Thank you all!

We’d like to thank all the people who took the time to vote for us online! We wouldn’t have won without you and it shows once again the amazing community and supporters we’ve got other the years. THANK YOU!

Congratulations to all the incredible women who won along Sukhi!

About the awards

The winners of these awards showcase remarkable women within the technology sector covering a wide range of roles such as Quantitative Analyst, Data Scientist, Analytical Measurement Technologies Engineer, Prototyping Engineer and Assistant Professor.

The winners also include individuals from leading firms such as Adobe, Bank of England, BBC, IBM, Jaguar Land Rover, KPMG, Microsoft, Monzo Bank, Trainline, Visa and many more.

Alongside the individual TechWomen100 category, we are also pleased to announce the winners of the TechWomen100 Champions, Company of the Year, Network of the Year, Editor’s Choice and for the first time our Global Award for Achievement winners.

Find out more!

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MarketOrders News Press Coverage

MarketOrders shortlisted for the TechWomen100 Award

We are proud to announce that our Co-Founder & COO, Sukhi Jutla, has been shortlisted for the TechWomen100 Award!

The public vote of support is now open for our 200 individual shortlist nominees. Votes can be cast by clicking on the individual you would like to vote for.

Congratulations to all of our shortlisted nominees and best of luck in the next round of judging.

We need your VOTE!
Support Sukhi, vote here!

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MarketOrders News Press Coverage

MarketOrders makes the ’20 Most Influential Female Founders’ list

We are thrilled to announce that our Co-Founder & COO, Sukhi Jutla, made the ’20 Most Influential Female Founders’ list by Startups Magazine.

The list was only published in the print issue n°15 of the magazine, which you can read here.

Check out the other inspiring women on the list!

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MarketOrders News

What the jewellery industry needs to know about blockchain technology

MarketOrders has recently released a White Paper announcing technology plans that will disrupt the jewellery industry and bring innovation to outdated processes. Here is why, and how…

The jewellery industry has existed for hundreds of years; why does MarketOrders believe now is the time for it to change?

Traditionally the jewellery industry relies on direct contact between craftsmen and merchants, but these practices are outdated in the modern world where consumers want their products as soon as possible and for the best price possible. In the current digital climate, industries must embrace new technologies and digital transformations to keep up with demand and developments. The jewellery industry will be left behind if it doesn’t listen to and meet the demands of its customers.

The jewellery supply chain is fragmented and opaque, and it’s difficult to authenticate the provenance of products. MarketOrders will digitise every aspect of the jewellery supply chain to create a seamless end- to-end chain of digital transactions, in which products can be traced back to their source. This will significantly enhance trust and transparency with manufacturers, suppliers, and retailers alike, as well as meeting the consumer demand for traceable ethics.

Why is MarketOrders using blockchain to revolutionise the jewellery industry?

Embracing the power of blockchain will put the control back into the hands of retailers by authenticating the provenance of their products and making the end-to-end sales and supply process more transparent, efficient and profitable. Blockchain technology can also be used to significantly reduce the cost of international and cross-border payments, verify trade finance invoicing, and run digital checks on customers.

You say the jewellery industry is reticent to join the tech / digital revolution – why will they adopt blockchain when it seems more complicated?

MarketOrders acknowledges that any change can be difficult. The key to driving adoption is to show jewellers and suppliers the benefits and advantages of making the change. No one thought they needed email on their phone until they started to use it and now one of the main functions of a smartphone is to access and respond to emails, as opposed to its original use of making phone calls. MarketOrders is creating a mindset shift which is not impossible, especially when you can communicate the benefits, it just takes time.

How is MarketOrders ensuring ethical trading?

MarketOrders will only work with participants that can prove they have ethical practises.
Blockchain ledger will be used to store and view digital licenses and certificates to verify said ethical practises.

How is MarketOrders using blockchain to empower small independent retailers?

  • Better stock inventory processes reduce the amount of unsold stock from retailers going back into the supply chain to be turned into something else.
  • Retailers can use online systems to leverage data for spotting consumer trends. This will help them to meet customer demand and reduce returns.
  • Embracing blockchain technology allows retailers to take back control with end-to-end sales and a more transparent, efficient and profitable supply process, as well as authenticated provenance of products. Blockchain technology can also reduce the cost of international and cross-border payments, verify trade finance invoicing, and run digital checks on customers.
  • Blockchain allows retailers to track their products from their source through the refining, manufacturing and shipping processes that bring them to the store. This adds value for customers making sure their purchases are ethically sourced.

Cutting out the middleman will mean a potential loss of jobs. What does MarketOrders have to say about causing potential redundancies?

It’s not about job loss but creating better ways of doing business. It will free up time usually spent doing routine and monotonous work, which in turn will allow human capital to be used in better ways, such as creative work designing jewellery, or improving efficiency in the supply chain and improving the logistics infrastructure. Over time, using an increasing number of digital processes will free up time from mundane tasks for creative thinking and business strategy planning.

Blockchain technology will take away the in-store experiences that many independent retailers rely on. What does MarketOrders have to say about this negative effect on the high street?

This is incorrect as the blockchain process only impacts the supply chain, and in fact, it helps retailers to receive their products faster. With products taking less time to reach their stores, retailers can sell them faster to a consumer base that values ethically and sustainably sourced jewellery with traceable provenance.

We hope we’ve provided you with answers! 

If you’d like more information about how MarketOrders is using blockchain and learn about some real-life case studies, download our White Paper here.