Singapore Diamond Investment Exchange (SDiX), the world’s first commodity exchange in physically settled diamonds, today announced that it has successfully partnered with Kynetix, the physical commodity digitisation expert, and Everledger, supplier of blockchain and distributed ledger infrastructure, to complete the first part of a Proof-Of-Concept
Our last white paper on blockchain / DLT was at the end of 2015. Two years on and we wanted to get our heads around what was driving all the hype and where we sat on the infamous Gartner Hypecurve. Since the initial exuberance of ‘blockchain’
At Kynetix we have a simple objective: we want to bring total trust to the commodity markets. Given all the hype around DLT we set out our stall on a) why any new technology, not just DLT, is important to us at Kynetix and b)
For many in the financial services industry, bitcoin has become synonymous with money laundering. But blockchain – the technology that enables the transfer of bitcoins – opens up some intriguing possibilities for participants in commodity markets. In essence, a blockchain is a distributed ledger shared
The partnership began with the creation of a Target Operating Model for a blockchain-centric commodities platform. This has now been implemented within Sentinel, Kynetix’s specialist commodity title and post trade platform. Scott Riley, Blockchain Lead for Kynetix commented: “There is a lot of focus on
The inaugural meeting saw major investment banks, brokers, trade and commodity finance houses and central market infrastructures meet to discuss the merits and challenges of collaborating on a blockchain initiative within the physical economy. The aim of the consortium is to identify how blockchain can
Sentinel, Kynetix’s flagship inventory management and physical delivery platform bridges the gap between the physical economy and the financial markets by creating electronic records of title, ownership and storage of commodities. This unlocks opportunities to streamline financing, collateral, settlement of derivatives contracts, post trade processes
