Value proposition

VAKT is digitising the global oil trading
industry, creating a secure, trusted ecosystem,
powered by blockchain.


VAKT has established a digital ecosystem for physical post-trade processing. Leveraging blockchain technologies, we provide a single source of the truth for the trade lifecycle. This eliminates reconciliation and paper-based processes, enhancing efficiency and creating new trade finance opportunities.

Unlike other solutions focused on a narrow piece of the deal life-cycle, VAKT is transforming the full trade life-cycle. VAKT is invested in by thirteen leading energy companies and banks who have committed to embracing Blockchain technology, working together to develop an industry-wide solution to age-old problems.

Blockchain, Commodities, Trading, Oil & Gas, Technology, and Digitalisation