Confirmations is the first step in commodity and financial products trading lifecycle. Sending/Exchanging information continues to be a highly manual and paper-based process. Digitalization & Automation is the key towards an Integrated ecosystem of solutions. Failure to automate the processes invites Market, Credit and Reputational risks due to:
- Inefficient Processing (using combination of electronic and manual steps)
- Increased Human Error/Costs
- Faulty Communication leading to unintended delays
- Lack of Auditability/Compliance
“OneConfirm digitally exchanges data and is the impetus for Smart Contracts that generates a unique token for end-to-end commodity management on a Blockchain” – Vikas Wadhera, Founder, OneCore global
OneConfirm provides a data-driven digital confirmation process management platform that utilizes our patent-pending technology which allows for managing multiple data formats/sets based on Counterpart, Commodity, Instrument Traded, Region or other attributes.