Learn More about VAKT and the market

The rise and rise of confirmations in commodity trading

A commodity transaction is a promise to deliver a specific grade of the commodity at a given location, at an agreed date in the future. Physical trading is therefore an exchange of promises, where typically buys and sells can be offset (and sometimes “booked out”) if the parameters of the trades (grade, location, delivery period) are sufficiently generic.

Published
April 5, 2022
Articles
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Bureau Veritas joins the VAKT network

We are pleased to announce that Bureau Veritas, a world leader in laboratory testing, inspection and certification services, has joined the VAKT platform.

Published
March 1, 2022
Industry viewpoint: Growing rewards for energy traders that make digitalisation a priority

VAKT client Gunvor Group’s global head of operations Andrew Archer explains why the energy and commodities trading industry needs to adopt digitalisation platforms sooner rather than later, as a convergence of factors means paper-based processes are becoming not only obsolete but a threat to business, while on the flip side, technological advances are paving the way for a brighter future.

Published
February 9, 2022
Articles
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VAKT adds another participant to the fast-growing post trade ecosystem 

VAKT today announces that AmSpec has joined the platform. This is an important milestone since it means that traders can now communicate global inspection nominations to AmSpec, and AmSpec can return the results, all within the VAKT environment. AmSpec join a growing list of trading companies and ecosystem participants active on VAKT.

Published
January 24, 2022
A look ahead with Etienne Amic, CEO of VAKT

Etienne Amic, CEO of VAKT, discusses what the new year holds for technology adoption within the commodity trading space, and outlines the role the blockchain platform for commodity post-trade management will play in creating a digital ecosystem for the future.

Published
January 6, 2022
Articles
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Using blockchain to support the energy transition

As the world’s race to net zero by the middle of this century gets underway, ensuring the transition away from hydrocarbons towards low-carbon sources is as sustainable as possible has become of vital importance.

Published
December 7, 2021
Articles
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How post-trade digitalisation is modernising commodity trading

Long one of trade’s digital laggards, the commodity sector is quickly picking up the pace amid a perfect storm of high costs, new challenges and a tough economic backdrop. End-to-end digitalisation provides opportunities to regain lost trust with financiers, and monitor and improve ESG performance. With the industry under pressure to reduce costs and increase efficiencies, the digitalis

Published
November 9, 2021
Articles
Read more
VAKT announces Independent Chairman of the Board

Martin Fraenkel, former President & CEO of S&P Global Platts, appointed as Independent Chairman of the Board of VAKT.

Published
November 2, 2021
The cost of bad data and why VAKT is working to improve this

The business of trading oil has and always will be at its heart a logistics business. Capturing value in space and time requires a market analysis team to identify an opportunity, a trader to agree and take responsibility for the trade, and then a team of operators to turn the plan into a profit.

Published
June 2, 2021
Articles
Read more
Saudi Aramco Energy Ventures makes $5m investment into VAKT and joins platform

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 ...

Published
January 28, 2020
February 2019: VAKT Welcomes/Appoints Etienne Amic as New CEO

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 ...

Published
February 13, 2019
January 2019: VAKT Adds Chevron, Total S.A. and Reliance Industries as Investors

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 ...

Published
January 16, 2019
November 2018: VAKT Goes Live with World First Enterprise-grade Blockchain Platform

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 ...

Published
November 29, 2018
July 2018: VAKT Joins the Ethereum Enterprise Alliance

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

Published
July 27, 2018
June 2018: VAKT is Launched to Re-imagine Global Commodities Through the Use of Blockchain

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 ...

Published
June 21, 2018
November 2017: Commodity Traders, Energy Majors and Banks Join Forces to Create a Blockchain-based Digital Platform for the Energy Commodity Trading Industry

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

Published
November 7, 2017
Bureau Veritas joins the VAKT network

We are pleased to announce that Bureau Veritas, a world leader in laboratory testing, inspection and certification services, has joined the VAKT platform.

Published
March 1, 2022
VAKT adds another participant to the fast-growing post trade ecosystem 

VAKT today announces that AmSpec has joined the platform. This is an important milestone since it means that traders can now communicate global inspection nominations to AmSpec, and AmSpec can return the results, all within the VAKT environment. AmSpec join a growing list of trading companies and ecosystem participants active on VAKT.

Published
January 24, 2022
VAKT announces Independent Chairman of the Board

Martin Fraenkel, former President & CEO of S&P Global Platts, appointed as Independent Chairman of the Board of VAKT.

Published
November 2, 2021
Saudi Aramco Energy Ventures makes $5m investment into VAKT and joins platform

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 ...

Published
January 28, 2020
February 2019: VAKT Welcomes/Appoints Etienne Amic as New CEO

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 ...

Published
February 13, 2019
January 2019: VAKT Adds Chevron, Total S.A. and Reliance Industries as Investors

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 ...

Published
January 16, 2019
November 2018: VAKT Goes Live with World First Enterprise-grade Blockchain Platform

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 ...

Published
November 29, 2018
July 2018: VAKT Joins the Ethereum Enterprise Alliance

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

Published
July 27, 2018
June 2018: VAKT is Launched to Re-imagine Global Commodities Through the Use of Blockchain

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 ...

Published
June 21, 2018
November 2017: Commodity Traders, Energy Majors and Banks Join Forces to Create a Blockchain-based Digital Platform for the Energy Commodity Trading Industry

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

Published
November 7, 2017
The cost of bad data and why VAKT is working to improve this

The business of trading oil has and always will be at its heart a logistics business. Capturing value in space and time requires a market analysis team to identify an opportunity, a trader to agree and take responsibility for the trade, and then a team of operators to turn the plan into a profit.

Published
June 2, 2021
Articles
Read More
How post-trade digitalisation is modernising commodity trading

Long one of trade’s digital laggards, the commodity sector is quickly picking up the pace amid a perfect storm of high costs, new challenges and a tough economic backdrop. End-to-end digitalisation provides opportunities to regain lost trust with financiers, and monitor and improve ESG performance. With the industry under pressure to reduce costs and increase efficiencies, the digitalis

Published
November 9, 2021
Articles
Read More
Using blockchain to support the energy transition

As the world’s race to net zero by the middle of this century gets underway, ensuring the transition away from hydrocarbons towards low-carbon sources is as sustainable as possible has become of vital importance.

Published
December 7, 2021
Articles
Read More
A look ahead with Etienne Amic, CEO of VAKT

Etienne Amic, CEO of VAKT, discusses what the new year holds for technology adoption within the commodity trading space, and outlines the role the blockchain platform for commodity post-trade management will play in creating a digital ecosystem for the future.

Published
January 6, 2022
Articles
Read More
Industry viewpoint: Growing rewards for energy traders that make digitalisation a priority

VAKT client Gunvor Group’s global head of operations Andrew Archer explains why the energy and commodities trading industry needs to adopt digitalisation platforms sooner rather than later, as a convergence of factors means paper-based processes are becoming not only obsolete but a threat to business, while on the flip side, technological advances are paving the way for a brighter future.

Published
February 9, 2022
Articles
Read More
The rise and rise of confirmations in commodity trading

A commodity transaction is a promise to deliver a specific grade of the commodity at a given location, at an agreed date in the future. Physical trading is therefore an exchange of promises, where typically buys and sells can be offset (and sometimes “booked out”) if the parameters of the trades (grade, location, delivery period) are sufficiently generic.

Published
April 5, 2022
Articles
Read More

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