TradeCloud brings all interested parties together to facilitate the most optimal trade
Up to now, no one has produced an effective platform to bring commodity buyers and sellers together. The current method of checking availability and price discovering is conducted via email, phone, and chat, often using traders or brokers as intermediaries.
Designed by people who really understand the business, the platform works in a unique and subtle way. TradeCloud can build well-organised market places for differentiated, but similar products. The result is that TradeCloud brings all interested parties together to facilitate the most optimal trade. It does this in an efficient, secure and compliant way.
Live since October, 2017, TradeCloud has more than 240 member companies in 39 countries. Over US$ 1bn worth of trades have been initiated on the platform.
The initial launch has focused on refined metals and recycled products, but TradeCloud will grow into a multi-commodity platform covering energy and agricultural products.
Tradecloud aims to build the Commodities Web on the blockchain whereby connected services such as freight, finance and insurance can drive a digital change across the commodities industry.