1.2 Commodities & Futures
We are building an on-chain SWIFT system for commodity and futures trading and settlement. It enables participants to trade and settle commodities across different jurisdictions in a secure and efficient manner. The system would be based on ERC-3475 technologies and utilize smart contracts to ensure the integrity and immutability of transactions.
The commodity trading platform is a permissioned blockchain platform that allows participants to trade commodities, post trades, and settle transactions. The platform would have a built-in system for assessing the creditworthiness of counterparties, would provide real-time updates on the status of trades and settlements, and would facilitate the transfer of funds between counterparties.
The settlement functions facilitate the settlement of trades. It would be integrated with the trading platform and would utilize smart contracts to ensure that trades are settled in a secure and timely manner.
The regulatory solutions enable regulators to monitor and enforce regulatory compliance across the system. It would have the capability to track and audit all transactions and would be integrated with the other two platforms to ensure compliance with applicable rules and regulations.
They enable participants to transact with confidence, knowing that their trades and settlements are being processed in a secure and compliant manner.