Case Study: Covantis modernizes global trade execution with ConsenSys blockchain solutions

Modernizing Global Supply Chains with ConsenSys Blockchain Solutions

Covantis, a global agricultural trade consortium founded by major commodity traders, needed to modernize a highly manual, paper-heavy post-trade execution process that relied on excessive email, repeated data entry, and slow document handling. To address these challenges, Covantis partnered with ConsenSys and used its blockchain products, including Quorum, Codefi, and Diligence, to build a secure digital network for trade operations.

With ConsenSys, Covantis launched a blockchain-based platform that streamlines notice issuance, user productivity, messaging, voyage management, and document sharing while improving transparency, traceability, and permissioned data exchange. By May 2021, the platform had connected 45 legal entities and 500 users, supported 343 voyages and 528 nominations, exchanged 3,850+ messages, and executed about 35 million tons of cargo, while achieving 99.6% platform availability.

Covantis

Petya Sechanova

Chief Executive Officer