Natixis has pioneered, with IBM and Trafigura, the first blockchain solution in commodity trade finance for US crude oil transactions.
By having the buyer, seller and their respective banks all on the same ledger, all parties can simultaneously view and share data at each state of a transaction, ensuring reduced cash cycle times, lower costs, improved transparency, enhanced security, etc.
This initiative is part of a broader effort to modernize trading in an industry predominantly driven by manual and paper processes and will help create an entirely new approach to managing the global commodities trade.
It demonstrates Natixis strong franchise in Global Energy & Commodities and its involvement in favor of digital solutions.
