Vakt is an innovative brand that aims to transform the world of oil trading. Formed in 2018 by a group of oil majors, traders, and trade finance providers, Vakt recognized the need for collective action to address the manual and error-prone processes in the post-trade sector. By utilizing blockchain technology, Vakt has developed a decentralized platform that enables partners involved in a trade to securely agree, record, and view all the details and stages of a trade.

This allows for real-time trade optimization and risk mitigation. With a team of industry experts, IT specialists, and commercial professionals, Vakt is dedicated to continually developing the best possible product to help customers protect the value of their trades. Their application is decentralized, ensuring that the details of bilateral transactions are only accessible to the partners involved in a trade.

Vakt is trusted by industry peers and is paving the way for tokenization economics in the commodity industry. Contact Vakt today to experience how their integration can connect you directly with your counterparts and ecosystem partners for fast and secure data sharing