Reports Disruptive Technologies in Commodity Trading | Page 9

Disruptive Technologies in Commodity Trading Markets in the commodities space is in proofs of concept or investigative. Despite the availability of few produc- tion-ready solutions running blockchain, it’s clear that distributed ledger technologies have a range of poten- tial applications in the energy and commodities mar- kets - from supply chain management to peer-to-peer trading. That said, while it is likely that blockchain or some derivative technology will eventually mature to become a disruptive technology, we believe that is perhaps too early in the development cycle for broad commercial deployment - a view apparently support- ed by the survey data. In our survey, the respondents note a much lower level of importance for the near future, as well as the lower level of investment in the A ComTechAdvisory Report blockchain when compared to cloud, data mining or ML (Figure 1 & 2). Other technologies, in various states of maturity, could have disruptive impacts, including virtual or augmented reality for better visualization and inter- pretation of large and complex data sets, the use of drones to collect near real-time field intelligence, and quantum computing providing improved modeling and optimization opportunities. However, based on our survey results, these seem further away in the fu- ture or are believed to have more limited usefulness as the respondent’s ranked all significantly lower on the scale for both short-term impact and investment (Figures 1 & 2). BEACON CTRM: THE ENTERPRISE INNOVATION PLATFORM Agile continous delivery Digitization “Incorporating machine-learning techniques and tools into their applications.” “Beacon delivered a digitization project for us with tangible business benefi ts. This is unique amongst the many digitization initiatives across our company.” “Beacon enables our internal developers to focus on creating value for the business by responding to commercial requirements in real-t ime.” CEO, Javelin Commodities Transparent source code “The transparent source code allows us to customize the platform and develop proprietary pricing models directly in the system.“ Head of Trading desk head, integrated oil major risk.net Machine learning “A modern, cloud-enabled, real-time agile environ- ment in which all trading and risk functionality can be developed, deployed Cloud and kept up to speed.” ComTech Advisory New York – London – Berlin – Tokyo Axpo US Full-Stack Apps “Beacon provides sophisticated analytics for VAR and XVA out-of-the-box.” Head of Software Development, Javelin Commodities www.beacon.io/commodity-traders [email protected] +1 800.893.9826