Current commodity and energy markets have undergone an impressive change, but are still dominated by complicated structures and are far from efficient in terms of pricing, risk, reporting and information availability.
Therefore an historic transformation of energy and commodity sector is needed. Such transformation entails a shift away from a centralized, complicated one-way system and conventional transmission/distribution processes. The trend towards a decentralized, intelligent, transparent and inter-operable blockchain/distributed ledger solutions with trusted entities in a trustless environment, in which commodity and energy supply contracts are carried out automatically and performed directly between producers and consumers (peer-to-peer), is gaining momentum. Part of this shift is tiqpit Solutions with its trading platform. tiqpit Solutions trading platform will change the way commodities and energy are traded, financed and delivered. It connects all market participants (small and large producers, suppliers, consumers, authorities and auditors) and provides them with instant, real time settlements and reporting while managing exposure to risk from finance and non-supply and leads to significant cost reductions by more than 30% per contract.
tiqpit Solutions long term goal is to develop and implement a platform , which will lower the overall costs of commodity and energy trading, supply, finance and logistics and will enable smarter investment decisions in the commodity and energy industry.