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
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)
Matt Dolton is one of the Co-Founders of Kynetix and has been spearheading the company’s strategy around the Sentinel platform. Matt succeeds Paul Smyth, who has stepped into the Chairman role as of the 14th February 2017. Alan Wilson has also joined the Kynetix board
“Over the last 12 months, we have seen a significant trend across commodity market participants to move closer towards the physical economy. We’re committed to investing in our vision to connect the financial and physical markets and are excited to extend our commercial and technical
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
Kynetix has unique experience providing inventory and physical delivery platforms to global commodity exchanges such as the LME and the Intercontinental Exchange whose respective LMEsword, LMEshield and ICE Guardian platforms underpin the global trade and financing of base metals, coffee, cocoa, sugar, wheat and gold.