Commodity Settlement Blockchain

Commodity Settlement Blockchain

BLOCKCHAIN ACCOUNTING SOLUTIONS

Comprehensive blockchain accounting solution for settlement and invoicing.

What is EnHelix BLOCKCHAIN ACCOUNTING Software?

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Blockchain Accounting

Designed for energy companies to audit and automate accounting settlement processes to reduce manual reconciliations for faster monthly close. The industry is trending using blockchain solutions to expedite payment processes and reduce frauds and costly mistakes.

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ETRM/CTRM Integrations

EnHelix commodity blockchain logistics system is ETRM system agnostic and works on top of any major ETRM/CTRM systems. In essence, it integrates and streamlines settlement data across distributed ledgers making data visible to all stake holders.

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Multi-Commodities

In fact, the commodity blockchain trading solution supports all commodities. Crude oil, natural gas, LNG, refined products, NGL, chemical, coal, power and renewables.

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Smart Contracts

Traditional contractual transaction methods are time-consuming and can limit the growth of the business. With a smart contract, all agreements are automatically signed, validated, and enforced. It does not only get rid of intermediaries but also saves the firm money and time. It records various transactions between private parties permanently and efficiently.

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Private Permissioned Network

EnHelix blockchain network is a private permissioned network and works on top of enterprise-grade Hyperledger Fabric framework. In addition, the network can be programmed in multiple ways to allow automatic transactions between trust keepers and intermediaries.

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Trading & Logistics

EnHelix commodity blockchain trading solution works in complementary with EnHelix Marketplace and Logistics blockchain solutions. The EnHelix blockchain trading used by major trading companies to streamlines trades and reduce paperwork. While, the EnHelix blockchain logistics solution for service providers to track all transportation costs and fuel charges .

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System Modernization

Aging systems and legacy enterprise applications cannot take full advantage of today’s technologies, like cloud and predictive analytics. Similarly, legacy systems are typically incompatible with new technologies, which can impede digital transformation of enterprise IT. EnHelix commodity blockchain trading solutions helps fast forward digital transformation without lengthly system implementation.

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FAST SYSTEM GO-LIVE

To be competitive in today’s fast-paced energy business environment. Enterprise IT can implement EnHelix blockchain system quickly using agile methodology designed for faster system go-live without breaking the bank. EnHelix commodity logistics blockchain solution is easy to implement and works on top of major ETRM/CTRM systems.

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Transparency

Blockchain digitalizes transactions to improve transparency and enhance security. Moreover, the private blockchain network can store and keep good track record of all tranaction and improve trust with business partners and customers. With transparency, companies can automate business operations and gain trust in a semi-trust environments.

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Security

Blockchain can help improve data record management. With blockchain, it offers immutable land ownership for oil and gas firms. Some of them represent millions of investments, and thus, they must be kept safely. The conventional methods of keeping such records are not only tiresome but also prone to many illicit behaviors such as forgery.

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Hyperledger Fabric

EnHelix is the first to launch Hyperledger Fabric framework on commodity blockchain trading solution. As the world-class framework, the scalability and performance of Hypledger helps EnHelix customers grow their business and network easily and effortlessly. The framework is easy to maintain and deployed for commodity accounting blockchain solution.

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Cybersecurity & Compliance

Cyber-attacks are moving down the stack, traversing from network and e-mail to enterprise data. Silo legacy systems are difficult to protect with outdated technologies, limited auditing capabilities and too many different security endpoints. At EnHelix, security is our everyday job. We understand the energy business thoroughly, so  your most sensitive data is protected and segregated. Our blockchain software security measures are layered in the application and data levels, securing your system and in compliance.

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"We are positive that the software will give us a competitive edge by improving the quality of our data management, reducing potential asset/resources acquisition risks, and reducing operational cost significantly"

Clarence S. Bock

Curious about what EnHelix Blockchain Software can do? Let us send you case studies.

THE MODERN COMMODITY BLOCKCHAIN SOFTWARE

Finally, if you need an enterprise commodity accounting blockchain software with all the features listed above and many more, then your best option is to choose EnHelix. EnHelix is a fully integrated commodity blockchain software built on a single platform for multiple commodities without turning to multiple systems or spreadsheets. Furthermore, EnHelix works on full cloud and hybrid cloud enabling companies to fast forward their energy digital transformation. Also, with EnHelix advanced technologies, companies can take advantages of its built-in artificial intelligence and blockchain technologies. Hence, gain competitive business advantages.

EnHelix has won many accolades and awards in recognition of its technology advances in the commodity trading and logistics categories.

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