Blockchain oil trading platform backed by Saudi Aramco Ventures

January 28, 2020 (Dammam)

A recent article on Unlock has reported that Saudi Aramco Energy Ventures (SAEV) has recently invested $5 million into VAKT, a blockchain-based post-trade platform.  Managing physical energy transactions from trade entry to final settlement, the VAKT platform enables faster and easier processing by eliminating reconciliation and paper-based processes.

The article went on to note that SAEV’s investment will help VAKT develop its platform further and expand into new markets especially in Asia.

Read the original article on Unlock: Saudi Aramco Ventures Invests $5 million in VAKT Blockchain Oil trading platform