Award-winning oil and gas commodity trading and logistics management software with artificial intelligence and blockchain, EnHelix today announced the launch of its new Marketplace Blockchain platform for commodity trading companies. The new platform is an advanced blockchain solution for trading companies which helps to standardize and automate its system of physical trades. It reduces frauds and operational risks and expedites payment.
The public launch marks the world’s first fully operational, enterprise-grade blockchain system for all commodity markets. After the beta period ended, the initial response was overwhelming, with over 50 companies and consulting partners signed up to explore EnHelix Marketplace blockchain trading system.
Speaking about the new products, Jen Wang, Marketing Director of EnHelix, said: "Our marketplace blockchain is a fit-for-purpose configurable software that works on top of major CTRM or ETRM systems with the goals of faster production blockchain trading system in weeks not years. “
“Our customers are thrilled on how secure and production-ready the Marketplace blockchain system is and how it can help them solve the pre-trade and trade execution fractured processes that have plagued the industry for years." She added.
With EnHelix marketplace blockchain solution, companies can now streamline their trading processes with blockchain with much-improved speed and security. This benefits everyone along the supply chain from market participants to customers.
How EnHelix Marketplace blockchain software for commodity trading companies makes a difference in efficient trade processes and better blockchain implementation experience.
EnHelix Marketplace blockchain software makes a lot of difference for commodity trading companies in the following ways:
- It provides traders with a new blockchain tool to automate trade execution and reduce trade discrepancies while maintaining trading flexibility and optionality.
- Marketplace blockchain system works as an upstream system to ETRM; it is designed to integrate with customers’ existing ETRM systems without expensive modifications
- With narrowing MiFID II exemptions and widening reporting scope, EnHelix Marketplace can strengthen reporting needs and address transparency issues
- EnHelix Marketplace gives companies total control, agility, and flexibility with turn-key solutions to the faster production blockchain system. It also enables them to gain the benefits of the distributed blockchain technologies across their trading network
EnHelix Marketplace is part of larger EnHelix Blockchain family of software solutions serving the commodity trading, logistics, and financial segments.
EnHelix is a global software leader in providing commodity trading and logistics management solutions driven by integrated Blockchain and Oil and Gas Artificial Intelligence to serve the value chain across crude oil, natural gas, LNG, refined products, petroleum, chemical, NGL, renewals, power, and other commodity markets.
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