The crude oil and products flow in Asia has seen a significant upsurge in the recent years, the demand is triggered as 60% of the global population resides in this region, with a median age of 33 years’ across 4.83 billion people, this demand is on growth trajectory for the foreseeable future. To stay relevant and competitive companies need to adopt to new practises and process which includes the adoption of the rapidly evolving technology. Asia is anticipated to witness significant growth in the digital transformation in the commodity trading and supply chain market. The region has a large processing/manufacturing base and a growing commerce sector, driving the demand for digital transformation solutions. Countries like China, Japan, and India are investing heavily in the adoption of technology for supply chain optimization.

The need for tech modernisation and digitization has been heard off for more than a decade now, in Asia organisations have executed strategic enterprise level projects to streamline and automate the receipt and analyses of business data. The scale of these projects varied with the budget, need and scope, nevertheless, most organisations from tier 1 down to tier 3 have embarked on some level of digitization. The objective of these projects at a  base  level is common across all organisations - to have quick access to accurate data that has impact on business. This root statement then branches out to several thematic programs/objectives such as operational efficiencies, real-time data and decision making, reduced errors/ people dependencies, reduces disputes, audit and compliance, etc..

At VAKT , we have developed solutions that are based on the root statement of efficiently providing verified data via a secure path of least resistance. The VAKT platform, including vSure, vLogistics, and vActuals are all built to empower customers to achieve tangible and value driven return on investment. VAKT is functionally proven in the NWE barge market and is built on blockchain based secure platform and certified on essential tech compliance parameters like ISO and SOC. VAKT has seen an upsurge in customer adoption of these products in existing European barge market with major customers like Shell, BP, TOTSA, Aramco, Reliance, Exxon, Gunvor, and Mercuria. VAKT now plans strategic growth in the Asian market.

The Asian markets largely have vessels as the mode of transport and the VAKT platform is geared to cater to this market just as effectively as the barge market. Our expansion plans include strategic programs with new and existing customers with an objective to help realize business value upfront. This is complimented with an efficiently designed deployment and integration plan for the VAKT platform to seamlessly sit in, and deliver within, the customers technology landscape. All 3 modules are now deployable standalone and with the AI enhancement, VAKT platform can be leveraged for counterparties and services providers off the VAKT network as well. This approach has led to VAKT being nominated and winning the Chartis Award 2025 - Automation

To know more of the VAKT platform, ROI to existing customers, new features and functions that help digitise, automate and validate your incoming business data book a demo now!

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