Current Situation
Some automation exists for regulatory compliance, financial processing and integration with spot markets but is not tightly integrated
Goals and Objectives
The objectives are a reduction in declaration penaltiesm and improved time through markets, accurate/timely settlement, lower transcation costs and more efficient dispute resolution
Technology Deployed
Blockchain, industry cloud, mobile and IoT
Use Case Summary
Integration of distributed ledger-based settlement for minerals commodities as industry cloud capabilities evolve to enabling energy trading ‘communities’.