New Multibank-Backed Venture to Leverage Blockchain for Commodity Trading

A new venture involving institutional heavy hitters from across banking, trading and energy sectors is tapping into the Ethereum blockchain to settle commodity trades.

Headquartered in Switzerland, the initiative called komgo SA brings together ABN AMRO, BNP Paribas, Citi, Crédit Agricole Group, Gunvor, ING, Koch Supply & Trading, Macquarie, Mercuria, MUFG Bank, Natixis, Rabobank, Shell, SGS and Société Générale.

The company has recruited team members from Easy Trading Connect 1 and...

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#hashtags to follow:

Ethereum [+]    Headquartered [+]    Switzerland [+]    ABN AMRO [+]    BNP Paribas [+]    Citi [+]    Agricole Group [+]    Gunvor [+]    ING [+]    Koch Supply [+]    Macquarie [+]    Mercuria [+]    MUFG Bank [+]    Natixis [+]    Rabobank [+]    SGS and Soci [+]    Easy Trading Connect 1 [+]   

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