VAKT

VAKT is a London-based blockchain technology company founded in 2018 by major players in the oil industry to enhance the global oil trading sector.

The company aims to digitize and secure the post-trade processing of oil transactions through a blockchain-enabled platform, creating a reliable source of truth for the entire trade lifecycle. VAKT operates offices in London and Lisbon and is supported by a consortium of leading energy companies and banks. VAKT offers a digital ecosystem for physical post-trade processing, which streamlines workflows and improves efficiency. Its core services include automating trade entry error detection, standardizing logistics processes, and digitizing customer experiences. The company's product suite features solutions like vActuals for post-trade verification, vSure for trade security and compliance, and vLogistics for optimizing logistics operations. VAKT primarily serves B2B clients in the FinTech and energy trading sectors, including global energy traders and banks, enhancing the value of trades by reducing transaction friction and improving access to trade finance.