The QualityTrade

QualityTrade is an online B2B trading portal with verification and ranking processes for identifying, promoting and facilitating trade of certified suppliers. It is an Australian venture between a small group of technologists and investors. QualityTrade can be viewed at https://www.qualitytrade.com/ and a review of the initiative by the Australian Financial Review is here. More recently, the platform has attracted interest from the Department of Foreign Affairs and Trade as well as Austrade for its potential to accelerate trade flows. Existing B2B trading portals predominantly recruit and rank companies based on the membership fees they are willing to pay. This enables poor quality and fraudulent companies the chance to secure membership resulting in poor trade, dissatisfied customers and reputational issues. Unlike all other trading portals, the fundamental operating criteria for QualityTrade is that organisations listed on the portal will be qualified against accepted and objective criteria.