EnHelix launches new software, based on the Hyperledger Fabric, which is initiated for commodities trading for the Gas sector. EnHelix can be described as accomplished software for gas and oil commodity trading and logistics management combined with blockchain and artificial intelligence.
The latest software launched by EnHelix is a most advanced blockchain solution introduced for trading companies, which are keen to regularize and automate its procedure for trades across the counter. The main advantage of this software is that it minimizes the fraud and operational risks and accelerates the payment.
In Singapore, during the Gastech energy conference, the EnHelix marketplace was launched, as reported by its representatives. EnHelix is software for commodity trading and logistics management solutions operated by AWS Cloud, blockchain and integrated artificial intelligence to serve the value chain over natural gas, crude oil, refined products, LNG (Liquefied Natural Gas), chemical, petroleum, NGL (Natural Gas Liquids), power, renewals and diverse commodity markets.
While speaking about the new products in Gastech conference, Marketing Director of EnHelix, Jen Wang, stated,
Our marketplace blockchain is 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.
Besides, the new software simplifies commodities trading with several applications supporting every step of the process, like pre-trade KYC, executing the trade and post-trade risk management, at the same time the smart contracts and automated systems actualize these energy trades quicker and more structured for the clients. Moreover, these tools give the mobility and flexibility they require.
This public launch shows the fully functional, enterprise pre-trade as well as post-trade blockchain trading system for overall commodity markets. When the beta period ended, the initial acknowledgment was very powerful, with over 50 organizations and consulting partners became the member to investigate EnHelix Marketplace blockchain trading system.
By using the EnHelix marketplace blockchain solutions, organizations can instantly regularize the trading process by using blockchain with upgraded speed and security. These Benefits are useful to supply chain customers as well.
Suffice to say, EnHelix blockchain solutions for gas and oil sector comprises of three important systems such as Logistics, marketplace, and settlement. Furthermore, the marketplace blockchain is for commodity and energy companies to transact “using smart contracts to reduce paperwork and reconciliation for post-trade and order operations.”
Nevertheless, the EnHelix logistics Blockchain was “created for midstream, cargo brokers, and logistics companies to streamline their scheduling, nomination, and billing operations” through distributed ledger technology. Also, the EnHelix settlement blockchain can be described as a fin-tech framework for oil and Gas, audit, commodity business, energy, and to track the payments and fees.