Re-imagining
Post-Trade Management

The commodity markets are stuck in the past, whereas financial markets have modernised and digitised. The post-trade processes of physically traded commodities have remained slow, manual and paper-based. VAKT aims to change this.

What is Blockchain?

Our vision is to digitise the global commodities trading industry, creating a secure, trusted ecosystem, powered by blockchain, smart contracts and machine learning.  

VAKT will be the digital backbone of the global commodities trading industry, formalising or simplifying existing workflows, interfacing with a broad ecosystem of industry participants and digitally representing the physical world. We focus on contracts, all aspects of logistics, invoicing data and settlements.

Our Story

We’re building an ecosystem, from traders and brokers to terminals, inspection companies and trade finance banks & platforms. Any party involved in the process of physical commodity trading stand to benefit from processes which are quicker, more accurate and more secure.


Our goal is to help physical commodity markets become seamless and low-cost by bringing together all stakeholders on a single platform that is efficient, tamper-proof and clear.

Our Investors

About Us



Our goal is to make the market more efficient by bringing together all stakeholders in a single system that is well-designed, tamper-proof and adapted to commodity operators.

Unlike other solutions focused on a narrow piece of the deal lifecycle, VAKT aims to transform the full post-trade lifecycle, becoming the single source of truth for the trading parties and the ecosystem participants: terminals, surveyors, agents, ship owners, brokers, banks, etc.

Deal Recap and Confirmation

Immediate mutual agreement on the commercial details of the trade in an immutable fashion will eliminate the need for constant reconciliation during the lifecycle and prevent discrepancies at the point of invoicing. It also paves the way to move the industry toward master agreements and confirmations rather than GT&Cs and customised contracts.

Trade Finance

VAKT’s integration with trade finance banks and platforms will allow the trading parties to more easily and quickly access Letters of Credit; this will smooth the amendment and management process, removing costs for buyers.

Logistics

Digital nominations to trading parties, surveyors and terminals with actualised figures and timestamps will bring more transparency, security and efficiency to the operational tasks associated with logistics.

Invoice Data

VAKT will allow for the components of invoicing data to be agreed on the platform without the need for costly reconciliation of discrepancies and disputes.
Dates, quantities, specifications and escalators will be centrally available.

Meet Our Team

Leadership

Etienne Amic

CEO

Frances Dean

COO

Bart Bream

CTO

Stephanie Trabia

Head of European Sales

Richard James

CFO

Locations

We are a Global Team

London

(+44) 0203 948 6000
Floor 24,
1 Canada Square, London, E14 5AB

Lisbon

( +351 )213 521 198
Edifício LACS, Rua Febo Moniz, 27b-2° piso,
1150–152, Lisboa, Portugal
Contact Us

Our Technology


Blockchain technology is a radically different approach to creating, maintaining and sharing data records. By design, it is immutable, tamper-proof and removes the need for any form of central record-keeper. It is ideal for scenarios where multiple counterparties need to access and add to a trusted single source of truth whilst preserving the privacy of their transactions – such as post-trade commodities processing.

Post-trade commodities processing suffers from slow, complicated paper-based processes that are subject to loss, delay and error. VAKT provides access to a fully-digital process that is inherently secure, immutable and private.

Our Platform is:

Underpinned by Blockchain

  • Blockchain has been designed to give algorithmic guarantees of immutability and tamper resistance  
  • A record of truth is written to the ledger creating an immutable audit trail

Private, permissioned, distributed

  • Identity and security are federated: access to sensitive data is only available in the customer cloud infrastructure, shared directly between counterparties when relevant
  • VAKT has no default access to sensitive customer data, which is fully encrypted

Enterprise - First

  • Built with robustness and operability in mind
  • Combining blockchain with stable tried and tested enterprise-grade technology based in the cloud

News

VAKT ecosystem expands commodities inspection services with Intertek

April 8, 2020

VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, has partnered with leading total quality assurance provider, Intertek, to bring its first-class commodity....

Read more >>

VAKT adds commodities inspection services to ecosystem with SGS partnership

March 11, 2020

VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, welcomes SGS as the first inspection company to join the platform. SGS will integrate its ...

Read more >>

Saudi Aramco Energy Ventures makes $5m investment into VAKT and joins platform

January 28, 2020

LONDON – January 28th, 2020 – VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, welcomes Saudi Aramco Energy Ventures (SAEV) as its latest ...

Read more >>

September 2019: VAKT Expands Ecosystem with essDOCS Collaboration on NWE Barge Markets

September 17, 2019

London, UK & Swieqi, Malta – September 17, 2019: VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, announces a memorandum of understanding (MOU) with ...

Read more >>

February 2019: VAKT Welcomes/Appoints Etienne Amic as New CEO

February 13, 2019

LONDON – February 13, 2019, – VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, today announces the appointment of Etienne Amic as its ...

Read more >>

January 2019: VAKT Adds Chevron, Total S.A. and Reliance Industries as Investors

January 16, 2019

LONDON – January 16, 2018, – VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, today announces investment from three new strategic investors: Chevron, Total ...

Read more >>

November 2018: VAKT Goes Live with World First Enterprise-grade Blockchain Platform

November 29, 2018

LONDON – NOVEMBER 29, 2018 – VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, has launched its platform in its first market. Participants in ...

Read more >>

July 2018: VAKT Joins the Ethereum Enterprise Alliance

July 27, 2018

VAKT are pioneering the development of an industry-wide post-trade processing platform for commodities through blockchain, today announces that it has joined the Enterprise Ethereum Alliance (EEA), th

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June 2018: VAKT is Launched to Re-imagine Global Commodities Through the Use of Blockchain

June 21, 2018

LONDON – JUNE 18, 2018 – VAKT, an independent company focused on creating an industry-wide post-trade processing platform for commodities through blockchain, announced today its launch and ...

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November 2017: Commodity Traders, Energy Majors and Banks Join Forces to Create a Blockchain-based Digital Platform for the Energy Commodity Trading Industry

November 7, 2017

LONDON, GENEVA, AMSTERDAM and STAVANGER, Norway, November 7, 2017 /PRNewswire/ — In a unique collaboration, several of the world’s largest trading houses, integrated energy companies and banks intend

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News

September 2019: VAKT Expands Ecosystem with essDOCS Collaboration on NWE Barge Markets

September 17, 2019

London, UK & Swieqi, Malta – September 17, 2019: VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, announces a memorandum of understanding (MOU) with ...

Read more >>

February 2019: VAKT Welcomes/Appoints Etienne Amic as New CEO

February 13, 2019

LONDON – February 13, 2019, – VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, today announces the appointment of Etienne Amic as its ...

Read more >>

January 2019: VAKT Adds Chevron, Total S.A. and Reliance Industries as Investors

January 16, 2019

LONDON – January 16, 2018, – VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, today announces investment from three new strategic investors: Chevron, Total ...

Read more >>

Work with us

Working at VAKT is a unique opportunity to develop one of the world’s first and only live, truly-enterprise platforms underpinned by blockchain. With offices in London and Lisbon, a career at VAKT is a chance to work on genuinely cutting-edge technology in a diverse, vibrant and fast-paced start-up culture.  

We are expanding rapidly, building new functionality and entering new markets and always looking for the right people to help us do even more, even faster. Take a look at some of our current opportunities below.  

Senior Software Engineer

As a software engineer, you will have a unique opportunity to shape the development of the platform. You will play a key role in ensuring that our platform is modular and highly robust, thus guaranteeing our rapid expansion into new markets.
Location
Lisbon
Posted On
Friday, July 17, 2020
See More Details >>

Cloud Infrastructure Engineer (DevOps Engineer)

The cloud infrastructure engineer will be involved in all aspects of design, delivery, deployment and maintenance of the platform.
Location
Lisbon
Posted On
Friday, July 17, 2020
See More Details >>

Senior Software Engineer

As a software engineer, you will have a unique opportunity to shape the development of the platform. You will play a key role in ensuring that our platform is modular and highly robust, thus guaranteeing our rapid expansion into new markets.
Location
Lisbon
Posted On
Friday, July 17, 2020
See More Details >>

Cloud Infrastructure Engineer (DevOps Engineer)

The cloud infrastructure engineer will be involved in all aspects of design, delivery, deployment and maintenance of the platform.
Location
Lisbon
Posted On
Friday, July 17, 2020
See More Details >>
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Testimonials

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